Wolverine World Wide (WWW) director converts 3,118 RSUs into 81,386-share holding
Rhea-AI Filing Summary
Wolverine World Wide director Nicholas T. Long exercised previously granted restricted stock units, receiving 3,118 shares of Common Stock. These units were granted on May 6, 2021 and vested after one year, with delivery of the underlying shares deferred until May 6, 2026. Following this non-cash derivative exercise, Long directly holds 81,386 shares of Wolverine World Wide common stock and reported no share sales in this filing.
Positive
- None.
Negative
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Insights
Director’s RSU vesting converts to shares with no sales reported.
Director Nicholas T. Long converted 3,118 restricted stock units into common shares of Wolverine World Wide. This reflects the scheduled settlement of equity compensation granted on May 6, 2021, not an open-market purchase.
The filing shows no share sales, only the derivative exercise, and Long’s direct holdings increase to 81,386 common shares. This type of compensation-related transaction is generally routine and carries weaker signaling value than discretionary open-market buying or selling.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,118 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,118 | $0.00 | $0.00 |
Footnotes (2)
- F1. Restricted stock units convert into shares of Common Stock on a one-for-one basis.
- F2. On May 6, 2021, the Reporting Person was granted 3,118 restricted stock units, vesting on the first anniversary of the grant date. The Reporting Person elected to defer receipt of the underlying shares of Common Stock until May 6, 2026.
Key Figures
Key Terms
Restricted stock units financial
derivative security financial
exercise or conversion financial
deferral of receipt financial
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