Form 4: Wolverine World Wide Inc. Executive Isabel Soriano Reports Stock Transactions
SEC Form 4
Isabel Soriano, President of International Group at Wolverine World Wide Inc., reports the acquisition and disposal of common stock and restricted stock units on July 31, 2024.
Summary
- On July 31, 2024, Isabel Soriano, President of International Group at Wolverine World Wide Inc., reported transactions involving the company's common stock and restricted stock units.
- Soriano acquired 614 shares of common stock through the conversion of restricted stock units.
- She also disposed of 172 shares to cover tax obligations at a price of $14.87 per share.
- Following these transactions, Soriano directly owns 26,961 shares of Wolverine World Wide Inc. common stock and 1,228 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, and it doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common for executives at publicly traded companies like Wolverine World Wide Inc.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent a small fraction of the company's outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 07/31/2023 | Reporting Person was granted 1,842 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: acquisition of 614 shares via restricted stock units and disposal of 172 shares for tax obligations. |
| 08/02/2024 | Date of signature on the Form 4 filing. |
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