DeMonty Price (WWW) granted 9,113 RSUs with payout deferred to 2031
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wolverine World Wide director DeMonty Price received a grant of 9,113 Restricted Stock Units (RSUs). These RSUs convert into shares of common stock on a one-for-one basis. They vest on May 7, 2027, and Price has elected to defer receipt of the underlying shares until May 7, 2031.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Price DeMonty
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 9,113 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 9,113 shares (Direct, null)
Footnotes (1)
- Converts into shares of Common Stock on a one-for-one basis. The Restricted Stock Units vest on May 7, 2027; however, the Reporting Person has elected to defer receipt of the shares until May 7, 2031.
Key Figures
RSUs granted: 9,113 units
Underlying common shares: 9,113 shares
Vesting date: May 7, 2027
+3 more
6 metrics
RSUs granted
9,113 units
Restricted Stock Units awarded to director DeMonty Price
Underlying common shares
9,113 shares
One-for-one conversion of RSUs into common stock
Vesting date
May 7, 2027
RSUs vest on this date
Deferred share receipt
May 7, 2031
Elected deferral date for delivery of shares
Transaction price per unit
$0.0000
Equity award granted at no cash cost to insider
Holdings after transaction
9,113 units
Total Restricted Stock Units following this grant
Key Terms
Restricted Stock Units, one-for-one basis, vest, defer receipt
4 terms
Restricted Stock Units financial
"Price received a grant of 9,113 Restricted Stock Units (RSUs)."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
one-for-one basis financial
"Converts into shares of Common Stock on a one-for-one basis."
vest financial
"The Restricted Stock Units vest on May 7, 2027;"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
defer receipt financial
"the Reporting Person has elected to defer receipt of the shares until May 7, 2031."
FAQ
What insider transaction did Wolverine World Wide (WWW) report for DeMonty Price?
Wolverine World Wide reported that director DeMonty Price received 9,113 Restricted Stock Units as a grant. These units represent a form of equity compensation that can convert into common shares, aligning the director’s interests with long-term shareholder value.
How many Restricted Stock Units did DeMonty Price receive from Wolverine World Wide (WWW)?
DeMonty Price received 9,113 Restricted Stock Units. Each unit is linked to one share of Wolverine World Wide common stock, providing potential future ownership once the RSUs vest and are settled according to the specified vesting and deferral schedule.
When do DeMonty Price’s Wolverine World Wide (WWW) RSUs vest?
The 9,113 Restricted Stock Units granted to DeMonty Price vest on May 7, 2027. Vesting means the units become earned at that date, subject to plan terms, after which they can ultimately be settled in shares of common stock per the award’s conditions.
What is the conversion ratio for DeMonty Price’s Wolverine World Wide (WWW) RSUs?
The Restricted Stock Units convert into Wolverine World Wide common stock on a one-for-one basis. This means each of the 9,113 RSUs corresponds to one share, providing clear transparency on the potential future share count tied to this equity award.
Why is there a deferral date for DeMonty Price’s Wolverine World Wide (WWW) RSUs?
Although the RSUs vest on May 7, 2027, DeMonty Price elected to defer receipt of the shares until May 7, 2031. This deferral affects when he actually receives the common stock, potentially aligning with personal tax or long-term planning considerations.
Is DeMonty Price’s RSU grant in Wolverine World Wide (WWW) an open-market purchase or sale?
The transaction is a grant of 9,113 Restricted Stock Units, not an open-market purchase or sale. It is categorized as a compensation-related award under transaction code A, reflecting an acquisition of derivative equity, rather than trading in the public market.