Form 4: Wolverine World Wide Inc. Executive Isabel Soriano Reports Stock Transactions
SEC Form 4 Filing
Isabel Soriano, President of International Group at Wolverine World Wide Inc., reports the disposition of common stock due to the vesting of restricted stock units.
Summary
- On August 2, 2024, Isabel Soriano, President, International Group of Wolverine World Wide Inc., reported transactions involving the company's common stock.
- These transactions involved the vesting of 390 restricted stock units, which converted into shares of common stock on a one-for-one basis.
- Soriano also disposed of 110 shares of common stock at a price of $13.72.
- Following these transactions, Soriano directly owns 27,241 shares of Wolverine World Wide Inc. common stock.
- The restricted stock units were granted on August 2, 2021, and vest over four years: 20%, 20%, 30% and 30% on each of the first, second, third and fourth year anniversaries of the grant date, respectively.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions by an executive, and does not inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation.
Key Dates
| Date | Description |
|---|---|
| 08/02/2021 | Reporting Person was granted 1,301 restricted stock units, vesting as follows, subject to the Reporting Person's continued employment: 20%, 20%, 30% and 30% on each of the first, second, third and fourth year anniversaries of the grant date, respectively. |
| 08/02/2024 | Date of stock transactions: vesting of restricted stock units and disposition of shares. |
| 08/06/2024 | Date of signature on the Form 4 filing. |
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