Latchana David A 4

What Happened

• David A. Latchana, Chief Legal Officer of Wolverine Worldwide (WWW), had 2,609 restricted stock units (RSUs) convert into 2,609 shares on April 29, 2026. Of those shares, 949 were withheld to satisfy tax withholding obligations at $16.91 per share (total ~$16,048). The conversion shows no cash exercise price — this was RSU vesting, not an option purchase.

Key Details

• Transaction date: April 29, 2026; Form 4 filed May 1, 2026 (timely).
• Activity codes: M = conversion/exercise of derivative (RSU conversion to common stock); F = shares withheld to pay taxes.
• Shares involved: 2,609 shares converted; 949 shares withheld for taxes; net shares retained from this vesting = 1,660 (2,609 − 949).
• Tax withholding value: 949 shares × $16.91 = $16,047.59 (reported as $16,048).
• Footnotes: RSUs convert 1-for-1 into common stock. These shares are from a grant on April 29, 2024 of 7,829 RSUs vesting one-third each year (this appears to be the first annual tranche).
• The filing does not indicate an open-market sale — the 949-share disposition is withholding for taxes, not a sale for investment reasons.

Context

• This is a routine RSU vesting event with shares withheld to cover taxes (common practice). It is not an open-market sale or a cash exercise, and therefore may not signal a change in insider sentiment.