Cupps Justin 4

What Happened Justin Cupps, President of Wolverine Worldwide (ticker: WWW), received a grant of 15,713 restricted stock units (RSUs) on February 11, 2026. The grant is recorded at $0.00 for accounting on the Form 4 (derivative award), meaning these RSUs were awarded rather than purchased. RSUs convert into common shares on a one-for-one basis when they vest.

Key Details

• Transaction date: 2026-02-11; Form 4 filed: 2026-02-13 (filed within standard reporting window).
• Award type/code: A (grant/award of derivative securities — RSUs) recorded at $0.00.
• Number of RSUs granted: 15,713.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 — RSUs convert 1:1 into common stock. F2 — Vesting schedule: one-third on each of the first, second, and third anniversaries of the grant date, subject to continued employment.
• No indication this was an immediate sale or cashless exercise; this is a time-based equity award.

Context

• RSU grants are compensation awards and do not represent an open-market purchase or sale; they will become shares only as they vest. For retail investors, such awards signal executive compensation alignment with shareholder value but are not direct buying or selling activity.