Form 4: Wolverine World Wide Director Kollat Receives Stock Units as Dividend Equivalents

Director David T. Kollat of Wolverine World Wide Inc. acquired 424.07 stock units representing dividend equivalents on deferred compensation.

Summary

• On February 3, 2025, David T. Kollat, a director of Wolverine World Wide Inc., acquired 424.07 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 of the stock units was $21.89.
• Following the transaction, Kollat beneficially owns 93,253.09 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 director compensation practices and alignment of interests with shareholders.

Positives

• The acquisition of stock units as dividend equivalents aligns the director's interests with those of the 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 is a routine disclosure related to director compensation and is typical for publicly traded companies. It reflects standard practices for aligning director interests with shareholder value through equity-based compensation.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with company performance.

Key Dates