WWW insider sells 5,000 shares at $32.16 — Form 4 disclosure
David Latchana, identified as Chief Legal Officer and an officer of Wolverine World Wide, Inc. (WWW), reported a sale of 5,000 shares of the issuer's common stock on 08/29/2025.
Rhea-AI Filing Summary
David Latchana, identified as Chief Legal Officer and an officer of Wolverine World Wide, Inc. (WWW), reported a sale of 5,000 shares of the issuer's common stock on 08/29/2025. The shares were sold at a weighted-average price of $32.16, with transaction prices in the range $32.05 to $32.27. Following the reported sale, the filing shows 19,253 shares beneficially owned by the reporting person, held in a direct ownership form. The filing includes an undertaking to provide a breakdown of the number of shares sold at each separate price within the reported range upon request.
Positive
- Timely and detailed disclosure of the insider sale including weighted-average price and execution price range
- Reporting person retained shares after the sale (19,253 shares), indicating continued ownership
Negative
- Insider reduced direct holdings by 5,000 shares, which is a decrease in insider ownership
Insights
TL;DR: Routine disclosure of an insider sale; shows reduced direct holdings but full compliance with reporting requirements.
The Form 4 documents a straightforward open-market sale by an officer, with transparent reporting of a weighted-average sale price and an explicit range of execution prices. The filing indicates the reporting person retained 19,253 shares after the sale and affirms willingness to provide detailed trade pricing by individual execution if requested. From a governance and compliance perspective, this appears to be a standard Section 16 report with no additional disclosures of derivative transactions or unusual arrangements.
TL;DR: Insider sold 5,000 shares at ~$32.16; transaction is material to holdings but not necessarily to company fundamentals.
The sale reduces the reporting person’s direct stake to 19,253 shares. The reporting clarifies that the reported price is a weighted-average and provides the execution price band ($32.05–$32.27). There are no derivative positions reported and no indication this transaction was tied to a Rule 10b5-1 plan on the face of the form. For investors, this is a disclosed insider liquidity event rather than information about company operations or performance.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,000 | $32.16 | $161K |
Footnotes (1)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.05 to $32.27. The reporting person undertakes to provide to Wolverine World Wide, Inc., any security holder of Wolverine World Wide, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
FAQ
What did the Wolverine World Wide (WWW) insider sell?
Who filed the Form 4 for WWW and what is their role?
Does the Form 4 show any derivative transactions or 10b5-1 plan indication?
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