KRUEGER BLAKE W - 16 Jan 2023 Form 4 Insider Report for WOLVERINE WORLD WIDE INC /DE/ (WWW)

Role
Director
Signature
/s/ David Latchana, by Power of Attorney
Issuer symbol
WWW
Transactions as of
16 Jan 2023
Net transactions value
-$548,627
Form type
4
Filing time
18 Jan 2023, 18:07:16 UTC
Previous filing
11 Feb 2022
Next filing
13 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WWW Common Stock Gift $0 -50,000 -5.1% $0.000000 933,817 22 Jun 2022 Direct
transaction WWW Common Stock Gift $0 +50,000 $0.000000 50,000 22 Jun 2022 By Trust F1
transaction WWW Common Stock Options Exercise +31,644 +3.4% 965,461 16 Jan 2023 Direct F2
transaction WWW Common Stock Tax liability $150,201 -11,028 -1.1% $13.62 954,433 16 Jan 2023 Direct
transaction WWW Common Stock Options Exercise +14,932 +1.6% 969,365 16 Jan 2023 Direct F2
transaction WWW Common Stock Tax liability $78,002 -5,727 -0.59% $13.62 963,638 16 Jan 2023 Direct
transaction WWW Common Stock Options Exercise +67,505 +7% 1,031,143 16 Jan 2023 Direct F2
transaction WWW Common Stock Tax liability $320,424 -23,526 -2.3% $13.62 1,007,617 16 Jan 2023 Direct
holding WWW Common Stock 18,634 16 Jan 2023 By Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WWW Restricted Stock Units Options Exercise $0 -31,644 -100% $0.000000* 0 16 Jan 2023 Common Stock 31,644 Direct F2, F3
transaction WWW Restricted Stock Units Options Exercise $0 -14,932 -100% $0.000000* 0 16 Jan 2023 Common Stock 14,932 Direct F2, F4
transaction WWW Restricted Stock Units Options Exercise $0 -67,505 -100% $0.000000* 0 16 Jan 2023 Common Stock 67,505 Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Transfer of shares to the Blake W. Krueger Retained Annuity Trust #4.
F2 Restricted stock units convert into shares of Common Stock on a one-for-one basis.
F3 On February 5, 2020, the reporting person was granted 52,740 restricted stock units, vesting as follows, subject to the reporting person's continued employment: 20%, 20%, 30% and 30% on each of the first, second, third and fourth year anniversaries of the grant date, respectively. In connection with the reporting person's transition from the position of Executive Chairman to the position of Chairman of the Board, effective as of January 1, 2023, at which time the reporting person was no longer an employee of the company, the unvested restricted stock units granted to the reporting person on February 5, 2020 vested in full.
F4 On February 6, 2019, the reporting person was granted 49,771 restricted stock units, vesting as follows, subject to the reporting person's continued employment: 20%, 20%, 30% and 30% on each of the first, second, third and fourth year anniversaries of the grant date, respectively. In connection with the reporting person's transition from the position of Executive Chairman to the position of Chairman of the Board, effective as of January 1, 2023, at which time the reporting person was no longer an employee of the company, the unvested restricted stock units granted to the reporting person on February 6, 2019 vested in full.
F5 On February 9, 2021, the reporting person was granted 84,381 restricted stock units, vesting as follows, subject to the reporting person's continued employment: 20%, 20%, 30% and 30% on each of the first, second, third and fourth year anniversaries of the grant date, respectively. In connection with the reporting person's transition from the position of Executive Chairman to the position of Chairman of the Board, effective as of January 1, 2023, at which time the reporting person was no longer an employee of the company, the unvested restricted stock units granted to the reporting person on February 9, 2021 vested in full.