Form 4: Wolverine World Wide Director Nicholas T. Long Acquires Stock Units
SEC Form 4
Director Nicholas T. Long acquired stock units in Wolverine World Wide Inc. representing dividend equivalents on previously deferred compensation.
Summary
- On August 1, 2024, Nicholas T. Long, a director of Wolverine World Wide Inc., acquired 149.67 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 $14.15.
- Following the transaction, Long directly owns 21,327.34 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 as it reflects a routine transaction related to director compensation. There are no indications of positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of a director's stock unit acquisition, reflecting standard compensation practices for board members.
Key Dates
| Date | Description |
|---|---|
| 08/01/2024 | Date of transaction: Nicholas T. Long acquired 149.67 stock units. |
| 08/02/2024 | Date of signature by Power of Attorney. |
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