Form 4: Wolverine World Wide Inc. Executive Hufnagel Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
Christopher Hufnagel, President and CEO of Wolverine World Wide Inc., exercised restricted stock units and disposed of shares to cover tax obligations.
Summary
- On July 31, 2024, Christopher Hufnagel, President and CEO of Wolverine World Wide Inc., exercised 13,155 restricted stock units, converting them into common stock on a one-for-one basis.
- Following the exercise, Hufnagel disposed of 5,703 shares of common stock at a price of $14.87 per share to satisfy tax obligations.
- After these transactions, Hufnagel directly owns 106,622 shares of Wolverine World Wide Inc. common stock and 26,309 restricted stock units.
- The restricted stock units were granted on July 31, 2023, and vest in three equal installments on the first, second, and third anniversaries of the grant date, contingent upon continued employment.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and potential alignment with shareholder interests.
Key Dates
| Date | Description |
|---|---|
| 07/31/2023 | Date the Reporting Person was granted 39,464 restricted stock units, vesting as follows, subject to the Reporting Person's continued employment: one-third on each of the first, second, and third year anniversaries of the grant date. |
| 07/31/2024 | Date of transaction: Christopher Hufnagel exercised restricted stock units and disposed of shares. |
| 08/02/2024 | Date of signature on the Form 4 filing. |
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