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  4. [Form 4] WOLVERINE WORLD WIDE INC /DE/ Insider Trading Activity

Wolverine (NYSE: WWW) director boosts equity via RSU exercise and stock unit award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Wolverine World Wide director William K. Gerber increased his equity exposure through routine compensation-related transactions. On May 1, 2026, he exercised 11,027 restricted stock units on a one-for-one basis into 11,027 shares of Common Stock at a stated price of $0.00 per share, lifting his direct Common Stock holdings to 56,785 shares.

He also received an award of 204.99 Stock Units at a reference price of $17.33 per unit, representing dividend equivalents on amounts previously deferred under the company’s Amended and Restated Outside Directors' Deferred Compensation Plan. Following this grant, he holds 35,730.05 Stock Units, which are payable in an equal number of Common Stock shares after his service as a director ends or upon a change in control, according to the plan terms.

Positive

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Insights

Director Gerber’s Form 4 shows routine equity vesting and deferral activity, not open-market trading.

The filing indicates that William K. Gerber, a director of Wolverine World Wide, exercised 11,027 restricted stock units into Common Stock at a stated price of $0.00. This is a standard conversion of previously granted equity, not a cash purchase on the market.

He also received 204.99 Stock Units tied to dividend equivalents on deferred director compensation at $17.33 per unit, increasing his Stock Unit balance to 35,730.05. These units are payable in Common Stock after board service ends or upon a change in control, so the economic effect depends on future service and corporate events rather than immediate trading.

Insider GERBER WILLIAM K
Role null
Type Security Shares Price Value
Grant/Award Stock Units 204.99 $17.33 $4K
Exercise Restricted Stock Units 11,027 $0.00 --
Exercise Common Stock 11,027 $0.00 --
Holdings After Transaction: Stock Units — 35,730.05 shares (Direct, null); Restricted Stock Units — 0 shares (Direct, null); Common Stock — 56,785 shares (Direct, null)
Footnotes (1)
  1. Converts into shares of Common Stock on a one-for-one basis. Award of stock units representing dividend equivalents on amounts previously deferred under the Company's Amended and Restated Outside Directors' Deferred Compensation Plan. Shares of Common Stock are issuable on a one-for-one basis in either a lump sum or installments after termination of service as a director or upon a change in control of the Issuer. On May 1, 2025, the Reporting Person was granted 11,027 restricted stock units, vesting on the first anniversary of the grant date.
RSUs exercised 11,027 shares Restricted stock units converted one-for-one into Common Stock on May 1, 2026
Exercise price $0.00 per share Stated price for RSU conversion into Common Stock
Direct Common Stock held 56,785 shares Shares of Common Stock held directly after RSU exercise
New Stock Units granted 204.99 units Stock Units awarded as dividend equivalents on deferred compensation
Stock Unit reference price $17.33 per unit Transaction price per Stock Unit in the grant
Total Stock Units held 35,730.05 units Stock Units balance following the 204.99-unit award
Restricted Stock Units financial
"On May 1, 2025, the Reporting Person was granted 11,027 restricted stock units, vesting on the first anniversary"
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.
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 under the Company's Amended and Restated Outside Directors' Deferred Compensation Plan"
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.
Amended and Restated Outside Directors' Deferred Compensation Plan financial
"amounts previously deferred under the Company's Amended and Restated Outside Directors' Deferred Compensation Plan"
change in control financial
"issuable ... 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.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
GERBER WILLIAM K
(Last)(First)(Middle)
C/O 9341 COURTLAND DRIVE NE
(Street)
ROCKFORD MICHIGAN 49351
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
WOLVERINE WORLD WIDE INC /DE/ [ WWW ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock05/01/2026M11,027A(1)56,785D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Units(2)05/01/2026A204.99 (2) (2)Common Stock204.99$17.3335,730.05D
Restricted Stock Units(1)05/01/2026M11,027 (3) (3)Common Stock11,027$00D
Explanation of Responses:
1. Converts into shares of Common Stock on a one-for-one basis.
2. Award of stock units representing dividend equivalents on amounts previously deferred under the Company's Amended and Restated Outside Directors' Deferred Compensation Plan. Shares of Common Stock are issuable on a one-for-one basis in either a lump sum or installments after termination of service as a director or upon a change in control of the Issuer.
3. On May 1, 2025, the Reporting Person was granted 11,027 restricted stock units, vesting on the first anniversary of the grant date.
Remarks:
/s/ David Latchana, by Power of Attorney05/05/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Wolverine World Wide (WWW) director William K. Gerber do in this Form 4?

William K. Gerber exercised 11,027 restricted stock units into 11,027 shares of Common Stock and received 204.99 new Stock Units. These actions reflect equity compensation vesting and deferred compensation awards, not an open-market stock purchase or sale.

How many Wolverine World Wide shares does William K. Gerber hold after these transactions?

After exercising restricted stock units, William K. Gerber directly holds 56,785 shares of Wolverine World Wide Common Stock. He also holds 35,730.05 Stock Units, which are payable in an equal number of Common Stock shares under the company’s deferred compensation plan.

Were the Wolverine World Wide (WWW) transactions open-market buys or sells?

No, the transactions were not open-market trades. Gerber’s filing shows a derivative exercise of 11,027 restricted stock units into Common Stock and a grant of 204.99 Stock Units tied to deferred compensation, both classified as acquisitions rather than market purchases or sales.

What are the Stock Units reported by William K. Gerber in Wolverine World Wide’s Form 4?

The Stock Units are awards under Wolverine World Wide’s Amended and Restated Outside Directors' Deferred Compensation Plan. They represent deferred amounts and dividend equivalents, payable as an equal number of Common Stock shares after Gerber’s board service ends or upon a change in control.

What price is associated with the new Wolverine World Wide Stock Units granted to Gerber?

The 204.99 Stock Units were recorded at $17.33 per unit. This figure reflects the reference value used for the award tied to dividend equivalents on previously deferred director compensation, rather than an open-market purchase price on the stock exchange.