Wolverine (NYSE: WWW) director receives 9,113 Restricted Stock Units as equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wolverine World Wide director Brenda J. Lauderback received a grant of 9,113 Restricted Stock Units as equity compensation. These units convert into shares of Common Stock on a one-for-one basis and will vest on May 7, 2027. Following this award, she holds 9,113 RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
LAUDERBACK BRENDA J
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.
Key Figures
RSUs granted: 9,113 units
Grant price: $0.00 per unit
Underlying common shares: 9,113 shares
+2 more
5 metrics
RSUs granted
9,113 units
Restricted Stock Units awarded on May 7, 2026
Grant price
$0.00 per unit
Equity compensation, not open-market purchase
Underlying common shares
9,113 shares
One-for-one conversion into Common Stock
Post-grant RSU holdings
9,113 units
Total RSUs following this transaction
Vesting date
May 7, 2027
RSUs vest on this date
Key Terms
Restricted Stock Units, Common Stock, one-for-one basis, vest
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.
Common Stock financial
"underlying_security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
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.
FAQ
What insider transaction did WWW director Brenda Lauderback report?
Brenda J. Lauderback reported receiving 9,113 Restricted Stock Units as an equity grant. These RSUs were awarded at a price of $0.00 per unit and represent additional compensation, not an open-market purchase or sale of Wolverine World Wide stock.
How many Wolverine (WWW) Restricted Stock Units were granted in this Form 4?
The Form 4 shows a grant of 9,113 Restricted Stock Units to director Brenda J. Lauderback. Each unit represents the right to receive one share of Wolverine World Wide Common Stock, subject to vesting conditions described in the filing’s footnotes and transaction details.
When do Brenda Lauderback’s WWW Restricted Stock Units vest?
The Restricted Stock Units granted to Brenda J. Lauderback vest on May 7, 2027. Vesting means the units become earned and eligible to convert into shares of Common Stock, assuming she satisfies any continued service or other conditions attached to the award.
What does one-for-one conversion mean for WWW Restricted Stock Units?
One-for-one conversion means each Restricted Stock Unit converts into one share of Wolverine World Wide Common Stock. In this case, 9,113 RSUs correspond to 9,113 underlying common shares after vesting and settlement, giving a clear link between the award size and potential share count.
How many WWW equity awards does Brenda Lauderback hold after this grant?
After the reported grant, Brenda J. Lauderback holds 9,113 Restricted Stock Units directly. This figure reflects her total RSU position following the transaction reported in the Form 4 and does not include any separate common stock holdings outside this specific award.