Form 4: Wolverine World Wide Director Brenda J. Lauderback Reports Stock Disposal
SEC Form 4
Director Brenda J. Lauderback reported the disposal of 9,515 common stock shares of Wolverine World Wide Inc. on May 3, 2024, due to the vesting of restricted stock units.
Summary
- On May 3, 2024, Brenda J. Lauderback, a director of Wolverine World Wide Inc., reported a transaction involving the company's common stock.
- The transaction involved the disposal of 9,515 shares of common stock.
- This disposal was a result of the vesting of restricted stock units previously granted to Lauderback.
- Following the reported transaction, Lauderback still beneficially owns 41,860 shares of Wolverine World Wide Inc.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, like directors, who trade in their company's stock. It provides transparency to the market regarding the transactions of those with privileged information.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 05/03/2023 | Reporting Person was granted 9,515 restricted stock units, vesting on the first anniversary of the grant date. |
| 05/03/2024 | Transaction Date: Disposal of 9,515 shares due to vesting of restricted stock units. |
| 05/07/2024 | Date of signature for the Form 4 filing. |
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