J. Wayne Weaver's SKVL Stake Dips Slightly to 32.3%
Ticker: SCVL · Form: SC 13G/A · Filed: Feb 13, 2024 · CIK: 895447
| Field | Detail |
|---|---|
| Company | Shoe Carnival Inc (SCVL) |
| Form Type | SC 13G/A |
| Filed Date | Feb 13, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: insider-ownership, amendment, shareholder-update
TL;DR
**Insider J. Wayne Weaver still owns 32.3% of Shoe Carnival, Inc., a slight dip but still massive.**
AI Summary
J. Wayne Weaver, a significant insider, has updated his beneficial ownership in Shoe Carnival, Inc. (SKVL) as of December 31, 2023. He now beneficially owns 8,887,873 shares, representing 32.3% of the company's common stock. This filing indicates a slight decrease from his previously reported 32.4% ownership, primarily due to a change in shared voting and dispositive power. This matters to investors because a major insider maintaining a substantial stake, even with a minor reduction, can signal continued confidence in the company's long-term prospects, but the slight decrease could also warrant closer attention.
Why It Matters
This filing shows a key insider, J. Wayne Weaver, still holds a very large portion of Shoe Carnival, Inc., which can be a sign of strong alignment with shareholder interests, though the minor reduction could be a point of interest.
Risk Assessment
Risk Level: low — The filing indicates a minor change in a significant insider's ownership, which generally poses low immediate risk to the stock.
Analyst Insight
An investor should note that a major insider maintains a substantial, albeit slightly reduced, stake, suggesting continued long-term interest. Monitor future filings for further changes in ownership, as significant reductions could signal a shift in insider confidence.
Key Numbers
- 8,887,873 — Total Shares Owned (J. Wayne Weaver's aggregate beneficial ownership in Shoe Carnival, Inc.)
- 32.3% — Percentage of Class (J. Wayne Weaver's significant stake in Shoe Carnival, Inc., indicating substantial influence.)
- 3,888,029 — Sole Voting Power Shares (Shares over which J. Wayne Weaver has exclusive voting control.)
- 4,999,844 — Shared Voting Power Shares (Shares over which J. Wayne Weaver shares voting control with others.)
Key Players & Entities
- J. Wayne Weaver (person) — Reporting Person, beneficial owner of Shoe Carnival, Inc. shares
- Shoe Carnival, Inc. (company) — Subject Company, issuer of the common stock
- 8,887,873 (dollar_amount) — Aggregate amount of shares beneficially owned by J. Wayne Weaver
- 32.3% (dollar_amount) — Percentage of Shoe Carnival, Inc. class represented by J. Wayne Weaver's ownership
- December 31, 2023 (date) — Date of event requiring the filing of this statement
Forward-Looking Statements
- J. Wayne Weaver will continue to be a significant shareholder in Shoe Carnival, Inc. (J. Wayne Weaver) — high confidence, target: December 31, 2024
- The slight reduction in J. Wayne Weaver's stake will not significantly impact Shoe Carnival's stock price in the short term. (Shoe Carnival, Inc.) — medium confidence, target: June 30, 2024
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person is J. Wayne Weaver, as stated in Item 1 of the filing's cover page.
What is the total number of shares beneficially owned by J. Wayne Weaver as of December 31, 2023?
J. Wayne Weaver beneficially owns an aggregate of 8,887,873 shares, as reported in Row 9 of the cover page.
What percentage of Shoe Carnival, Inc.'s common stock does J. Wayne Weaver beneficially own?
J. Wayne Weaver beneficially owns 32.3% of the class, as indicated in Row 11 of the cover page.
What was the date of the event that required this filing?
The date of the event which requires the filing of this statement was December 31, 2023, as specified on the first page of the Schedule 13G.
Does J. Wayne Weaver have sole or shared voting power over all his beneficially owned shares?
No, J. Wayne Weaver has sole voting power over 3,888,029 shares and shared voting power over 4,999,844 shares, as detailed in Rows 5 and 6 of the cover page.
Filing Stats: 1,167 words · 5 min read · ~4 pages · Grade level 8.3 · Accepted 2024-02-13 08:49:36
Key Financial Figures
- $0.01 — Inc. (Name of Issuer) Common Stock, $0.01 par value per share (Title of Class of
Filing Documents
- tm243943d1_sc13ga.htm (SC 13G/A) — 68KB
- 0001104659-24-017471.txt ( ) — 69KB
Ownership of Five Percent or Less of a Class
Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following . Not Applicable
Ownership of More than Five Percent on Behalf of Another Person
Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person Not Applicable
Identification and Classification of Members of the Group
Item 8. Identification and Classification of Members of the Group Not Applicable
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group Not Applicable
Certification
Item 10. Certification Not Applicable SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date:February 13, 2024 By: /s/ J. Wayne Weaver J. Wayne Weaver By: /s/ Delores B. Weaver Delores B. Weaver