WWW Insider Notice: $1.10M Proposed Sale via Merrill on NYSE
Rhea-AI Filing Summary
Wolverine World Wide, Inc. (WWW) notice of proposed sale under Rule 144 discloses an intended sale of 38,676 common shares through Merrill (Columbus, OH) with an aggregate market value of $1,098,725.00.
The filing lists the shares' acquisition history: 18,676 shares from a stock option exercise on 07/13/2016 (payment in cash on 08/18/2025) and multiple tranches from restricted stock vesting between 2012 and 2025 (examples: 2/07/2025: 2,235 shares; 02/08/2025: 3,010 shares; 02/09/2025: 8,340 shares). The filing states approximately 81,254,351 shares outstanding and an approximate sale date of 08/18/2025 on the NYSE.
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Insights
TL;DR: Routine insider sale notice; small share amount relative to outstanding stock and clear acquisition provenance.
The Form 144 documents a proposed sale of 38,676 common shares valued at $1.10M using a registered broker on the NYSE, with acquisitions primarily from option exercise and multiple restricted stock vesting events over 2012–2025. For investors, the filing provides straightforward disclosure of the source and timing of the holdings being sold, enabling transparency on insider liquidity without indicating operational changes at the company.
TL;DR: Filing meets Rule 144 disclosure requirements; includes broker details and acquisition history, reducing compliance ambiguity.
The notice supplies required elements: broker name and address, number of shares, aggregate market value, outstanding shares, sale date, and detailed acquisition records (dates and nature of grants/exercise). The filer also affirms no undisclosed material adverse information. From a governance standpoint, this is a routine, compliant filing with no stated reliance on a 10b5-1 trading plan in the remarks.