CALERES INC
For the period ended May 4, 2024. Filed Jun 11, 2024.
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May 4, 2024 · Filed Jun 11, 2024
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Item 5. Other Information
Director and Section 16 Officer Trading Arrangements
During the thirteen weeks ended May 4, 2024, no director or Section 16 officer adopted or terminated any “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement”, aseach term is defined in Item 408(a) of Regulation S-K.
On January 19, 2024, Diane M. Sullivan, Executive Chair, adopted a Rule 10b5-1 plan (“Rule 10b5-1 Plan”) intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act of 1934. The Rule 10b5-1 Plan for Ms. Sullivan provides for the sale of up to 241,807 shares of the Company’s common stock (representing the gross number of vested shares before tax withholding for certain restricted stock awards), pursuant to the terms of the Rule 10b5-1 Plan. The Rule 10b5-1 Plan expires on November 22, 2024, or upon the earlier completion of all authorized transactions under such Rule 10b5-1 Plan.
On December 7, 2023, Daniel R. Friedman, Chief Sourcing Officer, adopted a Rule 10b5-1 plan (“Plan”) intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act of 1934. Mr. Friedman’s Plan provides for the sale of up to 15,000 shares of the Company’s common stock, pursuant to the terms of the Plan. The Plan expires on December 31, 2024, or upon the earlier completion of all authorized transactions under such Plan.
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