Wolverine World Wide CEO exercises 13,155 RSUs
Wolverine World Wide President and CEO Christopher Hufnagel reported a non-market equity compensation event.
Rhea-AI Filing Summary
Wolverine World Wide President and CEO Christopher Hufnagel reported a non-market equity compensation event. On July 31, 2026, he converted 13,155 restricted stock units into the same number of shares of Common Stock, from a grant of 39,464 units dated July 31, 2023 that vests in three equal annual installments. To cover tax obligations, 5,703 Common shares were withheld at $19.68 per share. Following these transactions, 139,000 Common shares are held indirectly through his Grantor Retained Annuity Trust Agreement I dated June 10, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
13,155 shares exercised/converted
Exercise
4 txns
Insider
Hufnagel Christopher
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F3 | 13,155 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 13,155 | -- | -- |
| Exercise Price or Tax Liability | Common Stock | 5,703 | $19.68 | $112K |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 197,167 shares (Direct);
Common Stock — 139,000 shares (Indirect, By Trust)
Footnotes (3)
- F1. Restricted stock units convert into shares of Common Stock on a one-for-one basis.
- F2. Shares held by the Reporting Person's Grantor Retained Annuity Trust Agreement I dated June 10, 2026.
- F3. On July 31, 2023, the Reporting Person was granted 39,464 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.
Key Figures
RSUs Converted: 13,155 shares
Tax Withholding Shares: 5,703 shares
Tax Withholding Price: $19.68 per share
+2 more
5 metrics
RSUs Converted
13,155 shares
Restricted Stock Units converted into Common Stock on July 31, 2026
Tax Withholding Shares
5,703 shares
Common Stock withheld to satisfy tax obligations on July 31, 2026
Tax Withholding Price
$19.68 per share
Price used for shares withheld for tax liability
Original RSU Grant
39,464 units
Restricted stock units granted on July 31, 2023, vesting over three years
Indirect Trust Holdings
139,000 shares
Common Stock held by Grantor Retained Annuity Trust Agreement I after transactions
Key Terms
Restricted Stock Units, Grantor Retained Annuity Trust, Payment of exercise price or tax liability by delivering or withholding securities
3 terms
Restricted Stock Units financial
"Restricted stock units convert into shares of Common Stock on a one-for-one basis."
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.
Grantor Retained Annuity Trust financial
"Shares held by the Reporting Person's Grantor Retained Annuity Trust Agreement I dated June 10, 2026."
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
Payment of exercise price or tax liability by delivering or withholding securities financial
"Transaction code F: Payment of exercise price or tax liability by delivering or withholding securities."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did WWW CEO Christopher Hufnagel report in this Form 4?
Christopher Hufnagel reported an equity compensation event, converting 13,155 restricted stock units into the same number of Common shares and having 5,703 shares withheld to satisfy tax obligations, rather than executing an open-market purchase or sale of Wolverine World Wide stock.
What is the origin and vesting schedule of the WWW RSU grant?
The reported restricted stock units come from a 39,464-unit grant made on July 31, 2023. According to the disclosure, one-third of this award vests on each of the first, second, and third anniversaries of the grant date, subject to continued employment.
Does this WWW Form 4 indicate an open-market stock sale by the CEO?
No, the activity reflects RSU conversion and tax withholding, not an open-market sale. Shares were acquired through settlement of restricted stock units, and a portion was withheld at $19.68 per share to satisfy tax obligations, with no reported broker-facilitated sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.
