Form 4: Wolverine World Wide Director Boromisa Acquires Stock Units Through Dividend Equivalents
SEC Form 4 Filing
Director Jeffrey M. Boromisa acquired stock units in Wolverine World Wide Inc. through dividend equivalents on May 1, 2024.
Summary
- On May 1, 2024, Jeffrey M. Boromisa, a director of Wolverine World Wide Inc., acquired 656.08 stock units representing dividend equivalents.
- These units are related to amounts previously deferred under the company's Amended and Restated Outside Directors' Deferred Compensation Plan.
- The price per unit was $10.45.
- Following the transaction, Boromisa directly owns 69,216.59 stock units.
- 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: 5
Explanation: The document is a standard SEC filing detailing an insider transaction, which is neutral in sentiment.
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 is a routine disclosure of insider transactions, which are common in publicly traded companies. It reflects compensation practices for board members.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Date of transaction: Jeffrey M. Boromisa acquired 656.08 stock units. |
| 05/03/2024 | Date of signature on the Form 4 filing. |
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