Wolverine World Wide (NYSE: WWW) CLO nets shares after RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wolverine World Wide’s Chief Legal Officer, David A. Latchana, reported stock transactions tied to vesting restricted stock units on February 5, 2026. He acquired 3,005 shares of common stock at $0 upon conversion of restricted stock units, then had 1,260 shares of common stock withheld at $18.10 per share, typically for taxes. After these moves, he directly owned 20,998 shares of common stock and 6,009 restricted stock units. The footnotes note a prior grant of 9,014 restricted stock units on February 5, 2025, vesting in three equal annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,005 shares exercised/converted
Mixed
3 txns
Insider
Latchana David A
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,005 | $0.00 | -- |
| Exercise | Common Stock | 3,005 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,260 | $18.10 | $23K |
Holdings After Transaction:
Restricted Stock Units — 6,009 shares (Direct);
Common Stock — 22,258 shares (Direct)
Footnotes (1)
- Restricted stock units convert into shares of Common Stock on a one-for-one basis. On February 5, 2025, the Reporting Person was granted 9,014 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.
FAQ
What insider transactions did WWW’s Chief Legal Officer report on February 5, 2026?
David A. Latchana reported RSU-related transactions on February 5, 2026. 3,005 restricted stock units converted into common shares at $0, and 1,260 common shares were withheld at $18.10 per share, typically for taxes, leaving him with 20,998 common shares.
What restricted stock unit grant is disclosed for WWW’s Chief Legal Officer?
The filing notes a grant of 9,014 restricted stock units to David A. Latchana on February 5, 2025. These RSUs vest in three equal installments on the first, second, and third anniversaries of the grant date, contingent on his continued employment with Wolverine World Wide.
What does the tax withholding transaction code F mean in the WWW Form 4?
Transaction code F in this Form 4 reflects shares withheld to satisfy tax obligations on vesting. On February 5, 2026, 1,260 Wolverine World Wide common shares were disposed of at $18.10 per share for tax withholding, reducing the Chief Legal Officer’s direct common share balance to 20,998.
Is the WWW Chief Legal Officer’s February 2026 transaction a purchase or vesting event?
The February 2026 activity reflects vesting rather than an open-market purchase. 3,005 restricted stock units converted into common shares at $0 when they vested, and 1,260 shares were simultaneously withheld at $18.10 per share to cover taxes, leaving an increased net ownership position.