Wolverine World Wide (WWW) director granted 9,113 RSUs with long deferral
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wolverine World Wide director Jeffrey M. Boromisa received a grant of 9,113 Restricted Stock Units that each convert into one share of common stock. These RSUs were awarded at no cash cost to him as part of equity-based compensation.
The RSUs vest on May 7, 2027, but Boromisa has elected to defer receiving the underlying shares until May 7, 2036. After this grant, he holds 9,113 RSUs directly, and the filing shows no open-market stock purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BOROMISA JEFFREY M
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, 2036.
Key Figures
RSUs granted: 9,113 units
Underlying shares: 9,113 shares
Grant price: $0.0000 per unit
+3 more
6 metrics
RSUs granted
9,113 units
Restricted Stock Units awarded to director on May 7, 2026
Underlying shares
9,113 shares
Common stock deliverable one-for-one upon RSU settlement
Grant price
$0.0000 per unit
Equity compensation, no cash paid by director
Vesting date
May 7, 2027
RSUs vesting schedule for the director grant
Deferral date
May 7, 2036
Deferred receipt date elected for underlying shares
Holdings after grant
9,113 RSUs
Total Restricted Stock Units held directly following transaction
Key Terms
Restricted Stock Units, one-for-one basis, vest, defer receipt
4 terms
Restricted Stock Units financial
"security_title: Restricted Stock Units"
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, 2036."
FAQ
What insider transaction did Wolverine World Wide (WWW) report for Jeffrey M. Boromisa?
Wolverine World Wide reported that director Jeffrey M. Boromisa received a grant of 9,113 Restricted Stock Units. These RSUs are a form of equity compensation that convert into common stock on a one-for-one basis, with no cash purchase involved.
How many Restricted Stock Units did the Wolverine World Wide (WWW) director receive?
Jeffrey M. Boromisa received 9,113 Restricted Stock Units. Each unit represents the right to receive one share of Wolverine World Wide common stock, subject to vesting and the director’s elected deferral schedule described in the filing footnotes.
When do Jeffrey M. Boromisa’s Wolverine World Wide (WWW) RSUs vest and pay out?
The 9,113 Restricted Stock Units vest on May 7, 2027. However, Boromisa has elected to defer receipt of the underlying common shares until May 7, 2036, extending the timeframe before he actually receives the stock.
What is the conversion ratio for the Wolverine World Wide (WWW) RSUs granted?
Each Restricted Stock Unit granted to Jeffrey M. Boromisa converts into one share of Wolverine World Wide common stock. The footnotes specify that the RSUs convert on a one-for-one basis when they are ultimately settled.