Willis Hill, Chief Information Officer of Caleres Inc (NYSE:CAL), filed a Form 4 on September 15, 2026, disclosing the acquisition of 27,132 Stock Price Incentive Award shares on September 11, 2026.

Key Highlights

  • Reporting Person: Willis Hill, identified as Chief Information Officer of Caleres Inc
  • Award Granted: 27,132 Stock Price Incentive Award shares acquired on September 11, 2026, at a price of $0
  • Nature of Award: Each share represents a contingent right to receive one share of Common Stock
  • Vesting Structure: Three tranches at specified stock price levels held for 20 consecutive trading days: 50% at first level, 25% at second, 25% at third
  • Performance Period: Earned awards are payable in increments over fiscal years 2026 through 2028
  • Resulting Ownership: 27,132 derivative securities beneficially owned directly following the transaction

Caleres CIO Hill Receives Contingent Equity Award Tied to Stock Price Milestones

According to the Form 4 filed with the Securities and Exchange Commission on September 15, 2026, Willis Hill, the Chief Information Officer of Caleres Inc, received a derivative security grant on September 11, 2026. The award, classified as a Stock Price Incentive Award, consisted of 27,132 units acquired at a price of $0, recorded as an acquisition (transaction code A) under Table II of the filing.

The filing discloses that each Stock Price Incentive Award share "represents a contingent right to receive one share of Common Stock." The award vests in three tranches based on the per share price of the company's Common Stock reaching certain specified stock price levels for 20 consecutive trading days. According to the filing's explanation of responses, "50% vesting upon achievement of the first price level, 25% vesting upon achievement of the second price level and 25% vesting upon achievement of the third price level." Earned awards are described as "payable in increments over a three-year performance period (fiscal year 2026 - 2028)."

Following the reported transaction, Hill beneficially owns 27,132 derivative securities directly. The Form 4 was signed by Thomas C. Burke, identified as Attorney in Fact for Willis Hill, on September 15, 2026. The filing does not indicate the award was made pursuant to a Rule 10b5-1(c) plan, as that checkbox was not selected.

What Was Disclosed

Caleres Inc's Chief Information Officer, Willis Hill, received 27,132 Stock Price Incentive Award shares on September 11, 2026, representing contingent rights to Common Stock that vest based on specified stock price thresholds over a fiscal 2026-2028 performance period.