Form 4: Wolverine World Wide Inc. Director Brenda J. Lauderback Reports Stock Units Acquisition

Director Brenda J. Lauderback reports acquisition of stock units representing dividend equivalents in Wolverine World Wide Inc.

Summary

• On August 1, 2024, Brenda J. Lauderback, a director of Wolverine World Wide Inc., acquired 425.74 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 stock units was $14.15.
• Following the transaction, Lauderback directly owns 60,667.33 stock units.
• These stock units are convertible to common stock on a one-for-one basis after termination of service as a director or upon a change in control of the Issuer.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating stable corporate governance practices. The sentiment is neutral to slightly positive.

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 of a director's acquisition of stock units, which is a common practice in executive compensation.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it is related to director compensation.

Key Dates