Form 4: Latchana David A reports multiple insider transactions in WWW
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Latchana David A reported multiple insider transaction types in a Form 4 filing for WWW. The filing lists transactions totaling 20,841 shares at a weighted average price of $17.82 per share. Following the reported transactions, holdings were 11,224 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Latchana David A
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 11,224 | $0.00 | -- |
| Grant/Award | Common Stock | 7,042 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,575 | $17.82 | $46K |
Holdings After Transaction:
Restricted Stock Units — 11,224 shares (Direct);
Common Stock — 30,646 shares (Direct)
Footnotes (1)
- Restricted stock units convert into shares of Common Stock on a one-for-one basis. The restricted stock units vest 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 Chief Legal Officer report?
The Chief Legal Officer reported equity awards and a tax-related share disposition. He received restricted stock units and common shares, while some shares were withheld to cover tax obligations linked to these awards, all recorded as direct ownership transactions.
How many restricted stock units did WWW’s CLO receive on February 11, 2026?
He received 11,224 restricted stock units on February 11, 2026. Each unit converts into one share of Wolverine World Wide common stock, providing potential future ownership as they vest over time, subject to his continued employment with the company.
How do the new WWW restricted stock units vest for the insider?
The 11,224 restricted stock units vest in three equal parts over three years. One-third vests on each of the first, second, and third anniversaries of the grant date, assuming the Chief Legal Officer remains continuously employed throughout this vesting schedule.
What common stock grants did the WWW insider receive, and at what price?
He received 7,042 shares of Wolverine World Wide common stock at a stated price of $0. These shares reflect an equity award rather than a market purchase, increasing his direct ownership in the company immediately upon grant on the transaction date.
Was the WWW insider’s stock disposition an open-market sale?
No, the 2,575 shares were disposed of in a tax-withholding transaction at $17.82 per share. This means shares were delivered to cover tax liabilities from the equity awards, rather than being sold voluntarily on the open market for investment reasons.