Klimek Amy M. 4
Research Summary
AI-generated summary
Wolverine (WWW) CHRO Amy Klimek Receives RSU Award; Shares Withheld
What Happened
- Amy M. Klimek, Chief Human Resources Officer of Wolverine World Wide (WWW), received equity awards on 2026-02-11: two grants totaling 35,434 restricted stock units (24,771 RSUs + 10,663 RSUs [derivative]), granted at $0.00.
- On the same date, 10,801 shares were disposed at $17.82/share (total value $192,474) to satisfy a tax liability — a routine share withholding to cover taxes on vested RSUs rather than an open-market sale.
Key Details
- Transaction date: 2026-02-11; Form 4 filed: 2026-02-13 (timely filing).
- Grant prices: $0.00 (RSU awards). Withholding price: $17.82 per share; total tax withholding = $192,474.
- Derivative note: 10,663 of the granted units are reported as derivative securities (RSUs). RSUs convert one-for-one into common shares.
- Vesting schedule (footnote): RSUs vest one-third on each of the first, second and third anniversaries of the grant date (subject to continued employment).
- Ownership after transaction: not specified in the provided filing excerpt.
- Footnote on holdings: some shares are held by the Austin Family Living Trust, of which the reporting person and her husband are trustees.
Context
- This is primarily an award/vesting event (insider "receives award"). The 10,801-share disposition is a tax-withholding action (code F), commonly executed as a cashless surrender of shares to cover required taxes and not a directional market bet.
- RSU grants and tax withholdings are routine compensation mechanics for executives and do not, by themselves, indicate a buy or sell signal.