Form 4: Wolverine World Wide Director Nicholas T. Long Reports Acquisition and Disposal of Common Stock and Derivative Securities
SEC Form 4 Filing
Director Nicholas T. Long reports changes in beneficial ownership of Wolverine World Wide Inc. securities, including acquisitions and disposals of common stock and derivative securities.
Summary
- On May 2, 2025, Nicholas T. Long, a director of Wolverine World Wide Inc., reported transactions involving the company's securities.
- Long acquired 23,416 shares of common stock through the conversion of restricted stock units.
- Following the transaction, Long directly owns 76,268 shares of common stock.
- Long also acquired 19,392 restricted stock units that vest on May 1, 2026, but receipt of shares is deferred until May 1, 2030.
- Additionally, Long acquired 163.99 stock units representing dividend equivalents, convertible to common stock on a one-for-one basis.
- Long disposed of 23,416 restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard disclosure of insider trading activity. There is no indication of positive or negative sentiment towards the company.
Positives
- The director's continued holding of a significant number of shares demonstrates confidence in the company.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency to investors regarding the actions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of a company director.
Key Dates
| Date | Description |
|---|---|
| 05/01/2025 | Date of earliest transaction reported. |
| 05/01/2026 | Restricted Stock Units vest. |
| 05/01/2030 | Deferred receipt of shares from Restricted Stock Units. |
| 05/02/2025 | Date of common stock acquisition and disposal of restricted stock units. |
| 05/05/2025 | Date of signature on the report. |
Keywords
Wolverine World Wide Inc., Nicholas T. Long, Director, Form 4, Beneficial Ownership, Common Stock, Restricted Stock Units, Stock Units, Dividend Equivalents, Securities
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.