Krueger Blake W - Jan 16, 2023 Form 4 Insider Report for WOLVERINE WORLD WIDE INC /DE/ (WWW)

Role
Director
Signature
/s/ David Latchana, by Power of Attorney
Stock symbol
WWW
Transactions as of
Jan 16, 2023
Transactions value $
-$548,627
Form type
4
Date filed
1/18/2023, 06:07 PM
Previous filing
Feb 11, 2022
Next filing
Feb 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WWW Common Stock Gift $0 -50K -5.08% $0.00 934K Jun 22, 2022 Direct
transaction WWW Common Stock Gift $0 +50K $0.00 50K Jun 22, 2022 By Trust F1
transaction WWW Common Stock Options Exercise +31.6K +3.39% 965K Jan 16, 2023 Direct F2
transaction WWW Common Stock Tax liability -$150K -11K -1.14% $13.62 954K Jan 16, 2023 Direct
transaction WWW Common Stock Options Exercise +14.9K +1.56% 969K Jan 16, 2023 Direct F2
transaction WWW Common Stock Tax liability -$78K -5.73K -0.59% $13.62 964K Jan 16, 2023 Direct
transaction WWW Common Stock Options Exercise +67.5K +7.01% 1.03M Jan 16, 2023 Direct F2
transaction WWW Common Stock Tax liability -$320K -23.5K -2.28% $13.62 1.01M Jan 16, 2023 Direct
holding WWW Common Stock 18.6K Jan 16, 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 -31.6K -100% $0.00* 0 Jan 16, 2023 Common Stock 31.6K Direct F2, F3
transaction WWW Restricted Stock Units Options Exercise $0 -14.9K -100% $0.00* 0 Jan 16, 2023 Common Stock 14.9K Direct F2, F4
transaction WWW Restricted Stock Units Options Exercise $0 -67.5K -100% $0.00* 0 Jan 16, 2023 Common Stock 67.5K 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.