Hufnagel Christopher 4

What Happened

• Christopher Hufnagel, President and CEO of Wolverine Worldwide (WWW), had restricted stock units (RSUs) convert into a total of 92,026 shares of common stock on Feb 7–9, 2026. To satisfy tax withholding, the company withheld 40,125 of those shares, resulting in a net receipt of 51,901 shares.
• Withholding details by date: Feb 7 — 84,054 RSUs converted, 36,648 shares withheld at $18.59 for $681,286; Feb 8 — 5,751 RSUs converted, 2,508 withheld at $18.59 for $46,624; Feb 9 — 2,221 RSUs converted, 969 withheld at $18.20 for $17,636. The conversion/derivative entries are reported as $0 proceeds (conversion of RSUs).

Key Details

• Transaction dates: Feb 7, 2026; Feb 8, 2026; Feb 9, 2026. Filing date (Form 4): Feb 10, 2026.
• Shares acquired (converted from RSUs): 92,026 total. Shares withheld for taxes: 40,125 total. Net shares added to his holdings: 51,901.
• Withholding cash value reported: approximately $745,546 total.
• Footnotes: RSUs convert one-for-one to common shares. The converted RSUs originate from grants on Feb 7, 2024 (252,164 RSUs, vesting one‑third per year), Feb 8, 2023 (17,253 RSUs), and Feb 9, 2022 (7,402 RSUs with a 20/20/30/30 schedule).
• Filing timeliness: Form filed 2026-02-10; no late filing flag provided in the supplied data.

Context

• These transactions are vesting events (RSU conversions) with shares withheld to cover tax liabilities — a common, non-open-market transaction that should not be read the same way as an insider selling shares on the open market.
• Derivative code M indicates conversion/exercise of a derivative (RSU conversion here). Code F indicates shares withheld for payment of taxes. These are routine administrative transactions rather than discretionary buys or sells.