Hill Willis 4

What Happened

• Hill Willis, Chief Information Officer of Caleres (CAL), had 2,751 shares withheld to satisfy a tax liability related to an equity event. The shares were valued at $9.25 each, for a total of approximately $25,447. This filing reports a disposition of shares for tax withholding (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-03-16; Filing date: 2026-03-18 (timely filing)
• Price per share: $9.25; Shares withheld/disposed: 2,751; Total value: ~$25,447
• Shares owned after the transaction: not specified in the provided filing details
• Transaction code: F — payment of exercise price or tax liability (shares withheld)
• No indication this was a market sale or a Section 16 trading plan (no 10b5-1 noted)

Context

• Code F transactions typically reflect shares withheld by the company to cover taxes triggered by vesting or option exercise (a cashless/tax-withholding action). These withholdings are routine administrative transactions and do not necessarily indicate the insider is selling shares for investment reasons.