Form 4: Wolverine World Wide Inc. Chief Legal Officer Reports Stock Transactions

David Latchana, Chief Legal Officer of Wolverine World Wide Inc., reports the acquisition and disposal of common stock and stock options on September 26, 2024.

Summary

• On September 26, 2024, David Latchana, the Chief Legal Officer of Wolverine World Wide Inc., engaged in transactions involving the company's common stock and stock options.
• Latchana acquired 7,706 shares of common stock through the exercise of stock options at a price of $16.51 per share.
• Simultaneously, Latchana disposed of 7,706 shares of common stock at a weighted average price of $17.02 per share, with individual sales ranging from $17.00 to $17.05.
• Following these transactions, Latchana directly owns 13,889 shares of Wolverine World Wide Inc. common stock.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on June 7, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports transactions by an officer under a pre-existing trading plan.

Positives

• The transactions were conducted under a pre-arranged Rule 10b5-1 trading plan, suggesting they were planned in advance and not based on insider information.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders, as they provide insight into the actions of a key executive.

Key Dates