Form 4: Wolverine World Wide Director William Gerber Disposes of Shares Following RSU Conversion
SEC Form 4
Director William Gerber converted restricted stock units into common stock and subsequently disposed of 9,515 shares of Wolverine World Wide Inc.
Summary
- On May 3, 2024, William Gerber, a director of Wolverine World Wide Inc., converted 9,515 restricted stock units (RSUs) into common stock.
- Following the conversion, Gerber disposed of 9,515 shares of common stock.
- After the transaction, Gerber directly owns 32,443 shares of Wolverine World Wide Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The disposal of shares following RSU conversion is a common practice.
Key Dates
| Date | Description |
|---|---|
| 05/03/2023 | Reporting Person was granted 9,515 restricted stock units, vesting on the first anniversary of the grant date. |
| 05/03/2024 | Conversion of 9,515 Restricted Stock Units to Common Stock and disposal of 9,515 shares. |
| 05/07/2024 | Date of signature for the Form 4 filing. |
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