Wolverine World Wide insider exercises options and sells 12,854 shares

Rhea-AI Filing Summary

Insider option exercise and sale on 08/27/2025: Brenda J. Lauderback exercised a stock option to acquire 12,854 shares of Wolverine World Wide, Inc. at an exercise price of $19.25 per share and simultaneously sold 12,854 shares at a weighted-average sale price of $32.14 per share. After these transactions she beneficially owned 48,675 shares directly. The option exercised was granted with an original grant/exercise schedule showing exercisability from 04/21/2016 and expiration 04/20/2026. The filing discloses the weighted-average sale price range and notes multiple sale prices between $31.95 and $32.31.

Positive

• Exercise and sale fully disclosed: The Form 4 reports exercise of options and sale details with a weighted-average sale price and explanatory note.
• Realized value capture: Shares were sold at a weighted-average $32.14 versus the $19.25 exercise price, reflecting a clear economic gain for the reporting person.
• Remaining direct ownership disclosed: Beneficial ownership after the transactions is stated as 48,675 shares.

Negative

• Insider decreased holdings: The reporting person sold 12,854 shares, reducing direct holdings from 61,529 to 48,675 shares.
• Sale executed across multiple prices: The sale occurred at prices ranging from $31.95 to $32.31, requiring further detail for exact allocation by price (the filer offers to provide it on request).

Insights

Financial Analyst

TL;DR: Routine option exercise and contemporaneous sale realizing spread; ownership remains meaningful but reduced.

From a capital-markets perspective, this is a standard Section 16 transaction where the reporting person exercised an in-the-money option (exercise price $19.25) and immediately sold the same number of shares at a weighted-average $32.14, capturing the intrinsic spread. The filing shows no change to derivative exposure post-transaction and a remaining direct holding of 48,675 shares. There is no indication of additional planned transactions or hedging arrangements in the filing itself. For investors, the activity documents liquidity realization by an insider rather than a change in corporate control or a dilutive issuance.

Corporate Governance Expert

TL;DR: Compliance filing meets Section 16 disclosure; transaction appears routine and properly reported.

The Form 4 discloses exercise and sale executed on 08/27/2025 and includes the required explanatory note about multiple sale prices. The signature is by power of attorney, which is disclosed. Beneficial ownership after the reported transactions is explicitly stated. The filing contains no statements of a Rule 10b5-1 plan or other special arrangements, and no governance issues or material events are raised by the data provided.

SEC Form 4

FORM 4

UNITED 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^*

LAUDERBACK BRENDA J

(Last) (First) (Middle)

C/O 9341 COURTLAND DRIVE NE

(Street)

ROCKFORD MI 49351

(City) (State) (Zip)

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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/27/2025		M		12,854	A	$19.25	61,529	D
Common Stock	08/27/2025		S		12,854	D	$32.14(1)	48,675	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$19.25	08/27/2025		M			12,854	04/21/2016	04/20/2026	Common Stock	12,854	$0	0	D

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.95 to $32.31. 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.

Remarks:

	/s/ David Latchana by Power of Attorney	08/28/2025
	** Signature of Reporting Person	Date
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.

FAQ

What did Brenda J. Lauderback do on 08/27/2025 for WWW?

She exercised 12,854 stock options at $19.25 per share and sold 12,854 shares at a weighted-average price of $32.14 per share.

How many Wolverine World Wide (WWW) shares does the reporting person own after the transaction?

48,675 shares beneficially owned directly following the reported transactions.

What were the exercise and sale prices reported in the Form 4?

Exercise price: $19.25 per share; Weighted-average sale price: $32.14 per share (sales ranged $31.95–$32.31).

Was the Form 4 properly signed and filed?

Yes. The filing shows signature executed by David Latchana by power of attorney dated 08/28/2025.

Does the Form 4 mention a 10b5-1 plan or contract-based sale?

No. The filing does not indicate that the transactions were made pursuant to a Rule 10b5-1 plan.