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

David A. Latchana, Chief Legal Officer of Wolverine World Wide Inc., reported the acquisition of 4,182 common stock units and the disposal of 1,186 common stock units on November 22, 2024.

Summary

• David A. Latchana, the Chief Legal Officer of Wolverine World Wide Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On November 22, 2024, Latchana acquired 4,182 shares of common stock through the vesting of restricted stock units.
• Also on November 22, 2024, Latchana disposed of 1,186 shares of common stock at a price of $23.4 per share.
• Following these transactions, Latchana directly owns 16,885 shares of Wolverine World Wide Inc. common stock.
• The restricted stock units were granted on November 22, 2023, and vested 100% on the first anniversary of the grant date.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing stock transactions by an executive, which is neither positive nor negative in itself.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common practice and required by the SEC.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States.
• The transactions reported are typical for executives who receive stock-based compensation.
• The vesting schedule of the restricted stock units is also a common practice.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and stock sales.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transactions, Restricted Stock Units, Wolverine World Wide Inc., David A. Latchana, Chief Legal Officer