Wolverine World Wide (WWW) Chief Legal Officer reports sale of 5,000 shares
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.