Form 4: Wolverine World Wide Director Nicholas T. Long Acquires Stock Units
SEC Form 4 Filing
Director Nicholas T. Long acquired stock units in Wolverine World Wide Inc. representing dividend equivalents on previously deferred compensation.
Summary
- On May 1, 2024, Nicholas T. Long, a director of Wolverine World Wide Inc., acquired 200.74 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 $10.45.
- Following the transaction, Long directly owns 21,177.67 stock units.
- 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: 5
Explanation: The document is a standard SEC filing detailing an insider transaction, which is neutral in sentiment.
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 Form 4 filing is a routine disclosure related to insider transactions and is a common practice for publicly traded companies. It provides transparency into the holdings and transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Date of transaction: Nicholas T. Long acquired 200.74 stock units. |
| 05/03/2024 | Date of signature by Power of Attorney. |
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