Form 4: Wolverine World Wide Inc. Executive Awarded Restricted Stock Units

Susan J. Kuhn, President of Active Group at Wolverine World Wide Inc., received 16,224 restricted stock units that vest over three years.

Summary

• Susan J. Kuhn, President, Active Group, of Wolverine World Wide Inc., was granted 16,224 restricted stock units on February 5, 2025.
• These restricted stock units convert into shares of Common Stock on a one-for-one basis.
• The units vest in three equal installments, with one-third vesting on each of the first, second, and third anniversaries of the grant date, contingent upon continued employment.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed neutrally to positively as it aligns management interests with shareholder value.

Positives

• The grant of restricted stock units aligns the executive's interests with those of the shareholders, incentivizing continued employment and performance.

Future Outlook

The executive's compensation is tied to the company's performance through the vesting of restricted stock units over the next three years.

Industry Context

Granting restricted stock units is a common practice in corporate governance to incentivize executives and align their interests with those of the shareholders.

Comparison to Industry Standards

• Equity compensation is a standard practice among publicly traded companies to incentivize executives.
• Companies like Nike, Adidas, and Under Armour also utilize restricted stock units as part of their executive compensation packages.

Stakeholder Impact

• Shareholders may view the grant of restricted stock units positively as it incentivizes the executive to improve company performance.
• The executive is incentivized to remain with the company for the vesting period.

Key Dates