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

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

Summary

• On May 1, 2024, William K. Gerber, a director of Wolverine World Wide Inc., acquired 323.49 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 is $10.45.
• Following the transaction, Gerber directly owns 34,128.12 stock units.
• 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: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and insider confidence, but it's not a major event.

Positives

• The acquisition of stock units reflects continued director participation in the company's compensation plan.

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 standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors, ensuring fair market practices.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation.

Key Dates