#1 Issued as restricted stock units, which represent the contingent right to receive an equivalent number of shares of common stock of Shoe Carnival, Inc. (the "Company"). One-half of these restricted stock units will vest on March 31, 2026 and the remaining one-half will vest on March 31, 2027, subject to the reporting person's continuous service with the Company through such dates.

#1 Issued as restricted stock units, which represent the contingent right to receive an equivalent number of shares of common stock of Shoe Carnival, Inc. (the "Company"). One-third of these restricted stock units will vest on March 31, 2025 and the remaining two-thirds will vest on March 31, 2026, subject to the reporting person's continuous service with the Company through such dates.

#2 As determined on March 14, 2023, the reporting person earned 12,704 performance stock units originally granted on March 9, 2022. These performance stock units will vest on March 31, 2025, subject to the reporting person's continuous service with the Company through such dates.

#1 Issued as restricted stock units, which represent the contingent right to receive an equivalent number of shares of common stock of Shoe Carnival, Inc. (the "Company"). One-third of these restricted stock units will vest on March 31, 2025 and the remaining two-thirds will vest on March 31, 2026, subject to the reporting person's continuous service with the Company through such dates.

#2 As determined on March 14, 2023, the reporting person earned 12,704 performance stock units originally granted on March 9, 2022. These performance stock units will vest on March 31, 2025, subject to the reporting person's continuous service with the Company through such dates.

#1 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.45 to $35.46 per share. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

#2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.26 to $35.62 per share. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.