Form 4: Wolverine World Wide Director William K. Gerber Acquires Stock Units

Director William K. Gerber acquired stock units in Wolverine World Wide Inc. representing dividend equivalents.

Summary

• On November 1, 2024, William K. Gerber, a director of Wolverine World Wide Inc., acquired 223.76 stock units.
• These stock units represent dividend equivalents on previously deferred amounts under the company's Amended and Restated Outside Directors' Deferred Compensation Plan.
• The price of the derivative security was $15.36.
• Following the transaction, Gerber directly owns 34,593.07 derivative securities.
• Shares of common stock are issuable on a one-for-one basis after termination of service as a director or upon a change in control of the Issuer.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction related to director compensation. It's neutral in sentiment as it doesn't indicate any significant positive or negative developments for the company.

Positives

• The acquisition of stock units by a director signals 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

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction reflects standard compensation practices for board members.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a standard part of director compensation.

Key Dates