Wolverine World Wide (WWW) director granted 9,113 deferred RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ABEL HODGES CHERYL reported acquisition or exercise transactions in this Form 4 filing.
Wolverine World Wide director Cheryl Abel Hodges received a grant of 9,113 Restricted Stock Units, each convertible into one share of common stock on a one-for-one basis. These RSUs vest on May 7, 2027, and she has elected to defer receipt of the shares until May 7, 2031.
After this award, she directly holds 9,113 RSUs linked to Wolverine World Wide common stock, reflecting a compensation-related equity grant rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
ABEL HODGES CHERYL
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, 2031.
Key Figures
RSUs granted: 9,113 Restricted Stock Units
RSU conversion ratio: 1 RSU = 1 share common stock
Vesting date: May 7, 2027
+3 more
6 metrics
RSUs granted
9,113 Restricted Stock Units
Grant to director on May 7, 2026
RSU conversion ratio
1 RSU = 1 share common stock
One-for-one basis per footnote
Vesting date
May 7, 2027
RSUs vesting schedule
Deferral date
May 7, 2031
Deferred receipt of underlying shares
Total RSUs after transaction
9,113 units
Total RSUs directly held following grant
Grant price per unit
$0.0000 per RSU
Compensation award with no cash exercise price
Key Terms
Restricted Stock Units, one-for-one basis, vest, defer receipt
4 terms
Restricted Stock Units financial
"The Restricted Stock Units vest on May 7, 2027; however, the Reporting Person has elected to defer receipt"
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; however, the Reporting Person has elected to defer receipt"
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
"has elected to defer receipt of the shares until May 7, 2031."
FAQ
What insider transaction did Wolverine World Wide (WWW) report for Cheryl Abel Hodges?
Wolverine World Wide reported a compensation-related grant to director Cheryl Abel Hodges of 9,113 Restricted Stock Units. Each unit is tied to one share of common stock, creating a future equity stake rather than an immediate open-market stock purchase.
How many Restricted Stock Units were granted to the Wolverine World Wide director?
Cheryl Abel Hodges received 9,113 Restricted Stock Units from Wolverine World Wide. Each RSU represents a right to receive one share of common stock in the future, aligning her compensation with shareholder value over time through equity-based awards.
When do Cheryl Abel Hodges’s Wolverine World Wide RSUs vest and pay out?
The 9,113 Restricted Stock Units vest on May 7, 2027, for Cheryl Abel Hodges. She has chosen to defer actual receipt of the underlying common shares until May 7, 2031, extending the time horizon of this equity-based compensation award.
Is Cheryl Abel Hodges’ RSU grant a stock purchase or sale in Wolverine World Wide?
The RSU grant is not an open-market stock purchase or sale. It is a compensation grant of 9,113 Restricted Stock Units, awarded at no cash cost per unit, which may convert into common shares after vesting and the chosen deferral period.