Hufnagel Christopher 4

What Happened

• Christopher Hufnagel, President and CEO of Wolverine World Wide (WWW), had 26,138 restricted stock units (RSUs) convert into common shares on February 5, 2026. To satisfy tax withholding, 11,528 of those shares were withheld at $18.10 per share, totaling $208,657. The net shares delivered to Hufnagel were 14,610.
• The filing shows the RSU conversion as a derivative conversion (transaction code M) and the share withholding for taxes as a payment/tax withholding (transaction code F). This is a vesting/award event rather than an open-market purchase or sale.

Key Details

• Transaction date: February 5, 2026 (filed February 9, 2026 — filing is within the standard 2 business-day window).
• RSUs converted: 26,138 shares (one-for-one conversion per footnote).
• Shares withheld for taxes: 11,528 shares at $18.10/share = $208,657.
• Net shares received: 14,610 shares.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes: F1 — RSUs convert one-for-one into common stock. F2 — These RSUs were from a February 5, 2025 grant of 78,414 RSUs vesting one-third on each anniversary.
• Transaction codes explained: M = conversion/exercise of a derivative (here, RSU conversion). F = payment of exercise price or tax liability (here, shares withheld for taxes).

Context

• This was a scheduled vesting of previously granted RSUs (part of a 2025 grant) and a routine tax-withholding disposition; withheld shares are not an open-market sale. Such withholding is common and typically reflects tax obligations rather than a decision to sell shares for investment reasons.
• The filing includes a separate line showing a derivative conversion reported with $0 value, which reflects the conversion mechanic of the RSUs into common stock rather than a cash exercise.