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

Director David Kollat of Wolverine World Wide Inc. received stock units representing dividend equivalents on previously deferred compensation.

Summary

• On November 1, 2024, David Kollat, a director at Wolverine World Wide Inc., was awarded 600.45 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 $15.36.
• Following this transaction, Kollat beneficially owns 92,829.02 shares of common stock.
• The 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 document reflects a standard transaction related to director compensation, indicating a neutral to slightly positive sentiment as it aligns director interests with the company's performance.

Positives

• The award of stock units as dividend equivalents aligns director compensation with company performance.
• The director's continued holding of a significant number of shares (92,829.02) demonstrates confidence in the company.

Future Outlook

The 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

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates standard compensation practices for board members.

Comparison to Industry Standards

• Director compensation packages often include stock options, restricted stock units, and deferred compensation plans to align their interests with those of shareholders.
• The specifics of these plans vary widely across companies and industries, depending on factors such as company size, performance, and industry norms.
• Comparing Wolverine World Wide's director compensation structure to that of its peers (e.g., Deckers Outdoor Corporation, Skechers USA, Inc.) would provide a more comprehensive understanding of its competitiveness.

Stakeholder Impact

• Shareholders may view the stock unit award as a positive sign, aligning director interests with company performance.
• The transaction has a minimal direct impact on employees, customers, suppliers, or creditors.

Key Dates