Form 4: Wolverine World Wide Director Boromisa Acquires Stock Units Through Dividend Equivalents

Director Jeffrey M. Boromisa acquired 320.51 stock units of Wolverine World Wide Inc. representing dividend equivalents on previously deferred compensation.

Summary

• On February 3, 2025, Jeffrey M. Boromisa, a director of Wolverine World Wide Inc., acquired 320.51 stock units.
• These stock units represent dividend equivalents on amounts previously deferred under the company's Amended and Restated Outside Directors' Deferred Compensation Plan.
• The price per stock unit is $21.89.
• Following the transaction, Boromisa directly owns 70,480.08 shares of Common Stock.
• Shares of Common Stock are issuable on a one-for-one basis in either a lump sum or installments after termination of service as a director or upon a change in control of the Issuer.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and aligns director interests with shareholders.

Future Outlook

Shares of Common Stock are issuable on a one-for-one basis in either a lump sum or installments after termination of service as a director or upon a change in control of the Issuer.

Industry Context

This filing reflects routine compensation practices for board members, aligning their interests with shareholders through equity-based compensation.

Stakeholder Impact

• The transaction aligns the director's interests with those of the shareholders through equity ownership.

Key Dates

Keywords

Wolverine World Wide Inc, Director, Stock Units, Dividend Equivalents, Deferred Compensation, Beneficial Ownership, Form 4, WWW