Schmidt John W 4

What Happened
John W. Schmidt, President & CEO and a director of Caleres (CAL), surrendered 22,405 shares on 2026-03-16 to satisfy tax withholding obligations tied to an equity award/option event. The shares were valued at $9.25 each, for a total of approximately $207,246. This was a tax-withholding disposition (code F), not an open-market sale — a routine administrative step following an exercise or vesting.

Key Details

• Transaction date: 2026-03-16 (reported on Form 4 filed 2026-03-18). Filing appears timely.
• Action/code: F — Payment of exercise price or tax liability (shares withheld/surrendered).
• Shares surrendered/disposed: 22,405 at $9.25 per share; total value ≈ $207,246.
• Shares owned after transaction: Not specified in the provided summary of the filing.
• Notable: This was a share-for-tax withholding (not a market sale). No 10b5-1 plan or other special instructions were reported in the provided details.

Context
When insiders "surrender" or have shares withheld to satisfy taxes, it typically reflects the mechanics of exercising options or the vesting of restricted stock. These actions are administrative and do not necessarily signal a buy or sell decision about the company’s prospects. For full holdings and any additional notes, consult the complete Form 4 (Accession 0000014707-26-000033).