Director adds 194 stock units at Wolverine (NYSE: WWW)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wolverine World Wide director William K. Gerber received 194.23 stock units on February 2, 2026. The award represents dividend-equivalent stock units credited on amounts previously deferred under the company’s Amended and Restated Outside Directors' Deferred Compensation Plan at a reference price of $18.19 per unit.
After this award, Gerber beneficially holds 35,525.06 stock units directly. Each stock unit is payable in one share of Wolverine World Wide common stock, which may be delivered in a lump sum or installments after his service as a director ends or upon a change in control of the company.
Positive
- None.
Negative
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GERBER WILLIAM K
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Units | 194.23 | $18.19 | $4K |
Holdings After Transaction:
Stock Units — 35,525.06 shares (Direct)
Footnotes (1)
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FAQ
What did Wolverine (WWW) director William K. Gerber receive in this insider report?
William K. Gerber received an award of 194.23 stock units on February 2, 2026. These units are dividend equivalents credited on previously deferred compensation under Wolverine World Wide’s outside directors’ deferred compensation plan at a reference price of $18.19 per unit.
How many Wolverine (WWW) stock units does William K. Gerber now beneficially own?
Following the reported award, William K. Gerber beneficially owns 35,525.06 stock units directly. These stock units are tied to Wolverine World Wide common stock and reflect cumulative deferred compensation and dividend equivalents accrued under the company’s Amended and Restated Outside Directors' Deferred Compensation Plan.
What are the key terms of the stock units awarded to the Wolverine (WWW) director?
The stock units represent dividend equivalents on previously deferred amounts and are convertible into Wolverine World Wide common stock on a one-for-one basis. Shares may be delivered either in a lump sum or in installments after Gerber’s board service ends or if a change in control occurs.
At what price were the Wolverine (WWW) stock units credited to director William K. Gerber?
The 194.23 stock units awarded to William K. Gerber were credited at a reference price of $18.19 per unit. This price is used to calculate the number of units representing dividend equivalents on his deferred compensation balance under the outside directors’ plan.
Is the Wolverine (WWW) director stock unit award a cash transaction?
The transaction involves stock units rather than an immediate cash payment. Each stock unit is linked to one share of Wolverine World Wide common stock, with actual shares issuable later, either after Gerber’s service as a director ends or upon a change in control of the company.