Wolverine World Wide (NYSE: WWW) director receives 415.75 stock units grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BOROMISA JEFFREY M reported acquisition or exercise transactions in this Form 4 filing.
Wolverine World Wide director Jeffrey M. Boromisa received an automatic award of 415.75 stock units tied to dividend equivalents on amounts he previously deferred under the company’s Outside Directors' Deferred Compensation Plan. Each stock unit corresponds to one share of common stock, deliverable in a lump sum or installments after his board service ends or upon a change in control. Following this grant, he directly holds 72,465.52 stock units linked to Wolverine common shares.
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 | Stock Units | 415.75 | $17.33 | $7K |
Holdings After Transaction:
Stock Units — 72,465.52 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Stock units granted: 415.75 units
Grant reference price: $17.33 per unit
Total stock units after grant: 72,465.52 units
+1 more
4 metrics
Stock units granted
415.75 units
Award of stock units on dividend equivalents
Grant reference price
$17.33 per unit
Reported transaction price per stock unit
Total stock units after grant
72,465.52 units
Stock units directly held following transaction
Underlying common stock ratio
1 share per unit
Each stock unit is issuable into one common share
Key Terms
Stock Units, dividend equivalents, Outside Directors' Deferred Compensation Plan, change in control
4 terms
Stock Units financial
"Award of stock units representing dividend equivalents on amounts previously deferred"
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
dividend equivalents financial
"stock units representing dividend equivalents on amounts previously deferred"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
Outside Directors' Deferred Compensation Plan financial
"previously deferred under the Company's Amended and Restated Outside Directors' Deferred Compensation Plan"
change in control financial
"after termination of service as a director or upon a change in control of the Issuer"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
FAQ
What did Wolverine World Wide (WWW) director Jeffrey Boromisa report on this Form 4?
Jeffrey M. Boromisa reported receiving 415.75 stock units as a grant. These units represent dividend equivalents on previously deferred compensation under Wolverine’s Outside Directors' Deferred Compensation Plan, increasing his total direct stock unit holdings linked to common shares to 72,465.52.
Is the Wolverine World Wide (WWW) Form 4 transaction a market buy or sell?
The Form 4 does not show a market buy or sell. It records an acquisition coded “A,” representing a grant or award of 415.75 stock units as dividend equivalents under a deferred compensation plan, rather than an open-market purchase or sale of Wolverine common stock.
How many Wolverine World Wide stock units does Jeffrey Boromisa hold after this award?
After the reported grant, Jeffrey M. Boromisa directly holds 72,465.52 stock units. Each unit is linked to one share of Wolverine World Wide common stock, which will be issued in the future under the terms of the Outside Directors' Deferred Compensation Plan.
When will Jeffrey Boromisa receive Wolverine World Wide common stock for these stock units?
Common shares underlying these stock units are issuable after his service as a director ends or upon a change in control. At that time, Wolverine may distribute the shares either in a single lump sum or in installments, according to the plan’s terms.
What are dividend equivalent stock units in Wolverine World Wide’s deferred compensation plan?
Dividend equivalent stock units mirror dividends on deferred amounts by granting additional stock units. For Wolverine World Wide, these units are credited under the Outside Directors' Deferred Compensation Plan and are ultimately settled in an equal number of common shares at specified future events.