Wolverine (NYSE: WWW) director exercises RSUs and receives Stock Units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wolverine World Wide director Brenda J. Lauderback reported equity compensation activity, not open‑market trading. She exercised 11,027 previously granted restricted stock units into the same number of shares of Common Stock, bringing her direct Common Stock holdings to 59,702 shares.
She was also credited with 361.84 Stock Units at $17.33 per unit under the company’s Amended and Restated Outside Directors’ Deferred Compensation Plan, increasing her Stock Units balance to 63,069.25 units. Each Stock Unit or restricted stock unit converts into one share of Common Stock, typically payable after service as a director ends or upon a change in control.
Positive
- None.
Negative
- None.
Insider Trade Summary
11,027 shares exercised/converted
Mixed
3 txns
Insider
LAUDERBACK BRENDA J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Units | 361.84 | $17.33 | $6K |
| Exercise | Restricted Stock Units | 11,027 | $0.00 | -- |
| Exercise | Common Stock | 11,027 | $0.00 | -- |
Holdings After Transaction:
Stock Units — 63,069.25 shares (Direct, null);
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 59,702 shares (Direct, null)
Footnotes (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.
Key Figures
RSUs exercised: 11,027 shares
Common Stock holdings: 59,702 shares
New Stock Units granted: 361.84 units
+2 more
5 metrics
RSUs exercised
11,027 shares
Restricted stock units converted into Common Stock
Common Stock holdings
59,702 shares
Direct holdings after RSU conversion
New Stock Units granted
361.84 units
Award under Outside Directors’ Deferred Compensation Plan
Stock Unit grant price
$17.33 per unit
Transaction price per Stock Unit
Stock Units balance
63,069.25 units
Total Stock Units following grant
Key Terms
Restricted Stock Units, Stock Units, Amended and Restated Outside Directors' Deferred Compensation Plan, dividend equivalents, +1 more
5 terms
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.
Amended and Restated Outside Directors' Deferred Compensation Plan financial
"previously deferred under the Company's Amended and Restated Outside Directors' Deferred Compensation Plan"
dividend equivalents financial
"Award of stock units representing dividend equivalents on amounts previously deferred"
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.
change in control financial
"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"
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.
FAQ
What did director Brenda J. Lauderback report in her latest Form 4 for Wolverine (WWW)?
Brenda J. Lauderback reported equity compensation changes, not market trades. She exercised 11,027 restricted stock units into Common Stock and received 361.84 Stock Units under a deferred compensation plan, updating her share and unit balances with Wolverine World Wide.
What are the Stock Units granted to Brenda J. Lauderback by Wolverine (WWW)?
She was awarded 361.84 Stock Units valued at $17.33 per unit under Wolverine’s Amended and Restated Outside Directors’ Deferred Compensation Plan. Each unit represents the right to receive one share of Common Stock in a lump sum or installments after board service ends or upon change in control.
What happened to Brenda J. Lauderback’s restricted stock units at Wolverine (WWW)?
Previously granted restricted stock units vested and were converted into Common Stock. Specifically, 11,027 restricted stock units converted on a one‑for‑one basis into 11,027 shares of Wolverine Common Stock, consistent with the terms described in the Form 4 footnotes.
Are Brenda J. Lauderback’s Wolverine (WWW) transactions open-market buys or sells?
The disclosed transactions are not open‑market buys or sells. They involve exercising or converting derivative awards and receiving Stock Units as director compensation, with no reported open‑market purchase or sale of Wolverine Common Stock in this Form 4 filing.