Form 4: Wolverine World Wide Director William K. Gerber Reports Stock Unit Acquisition

Director William K. Gerber reports acquisition of stock units representing dividend equivalents in Wolverine World Wide Inc.

Summary

• William K. Gerber, a director of Wolverine World Wide Inc., reported the acquisition of 158.03 stock units on February 3, 2025.
• 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 $21.89.
• Following the transaction, Gerber directly owns 34,751.1 derivative securities.
• 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 neutral regulatory filing, reporting a routine transaction. It doesn't inherently convey positive or negative 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 filing is a routine disclosure related to director compensation and holdings, common in publicly traded companies. It provides transparency regarding the alignment of director interests with shareholder value through equity-based compensation.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with company performance.

Key Dates

Keywords

Wolverine World Wide Inc, Director, Stock Units, Dividend Equivalents, Deferred Compensation, Form 4, WWW