Form 4: Wolverine World Wide Director Nicholas T. Long Acquires Stock Units

Director Nicholas T. Long acquired stock units in Wolverine World Wide Inc. representing dividend equivalents on deferred compensation.

Summary

• On November 1, 2024, Nicholas T. Long, a director of Wolverine World Wide Inc., acquired 138.85 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 derivative security was $15.36.
• Following the transaction, Long directly owns 21,466.19 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: 6

Explanation: The sentiment is neutral as it reports a standard transaction. The director's acquisition of stock units could be interpreted as a positive sign, but it's primarily a routine disclosure.

Positives

• The acquisition of stock units by a director can be seen as a positive sign, indicating confidence in the company's future performance.

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 provides transparency into the actions of company insiders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals confidence from a company director.

Key Dates