GERBER WILLIAM K 4

What Happened
William K. Gerber, a director of Wolverine Worldwide (ticker: WWW), had 11,027 restricted stock units (RSUs) convert into common shares on May 1, 2026, and also received 204.99 shares as dividend-equivalent units valued at $3,552. The RSU conversion is recorded as an exercise/conversion of a derivative (code M); the 204.99-share item is an award/grant (code A). There is no record in this filing of a market sale or cash purchase of the converted shares.

Key Details

• Transaction date: May 1, 2026. Form filed: May 5, 2026 (appears later than the typical 2-business-day Form 4 deadline).
• Conversion/exercise: 11,027 RSUs converted into 11,027 common shares (derivative code M). The filing shows $0 proceeds—no sale reported.
• Award/grant: 204.99 shares issued as dividend equivalents at $17.33 each, total value $3,552 (derivative code A).
• Shares owned after transaction: Not reported on the provided summary of this Form 4.
• Relevant footnotes: F1 — conversion is one-for-one into common shares; F2 — 204.99 shares are dividend-equivalent units under the Outside Directors’ Deferred Compensation Plan; F3 — the 11,027 RSUs were granted on May 1, 2025 and vested on the first anniversary.

Context
An M-coded transaction here means an RSU/derivative converted into stock rather than an open-market buy or sale. Such conversions and dividend-equivalent awards are routine forms of director compensation and do not necessarily signal a change in the director’s market view. The filing date suggests the Form 4 was submitted a few days after the transaction date, which investors sometimes note for disclosure timeliness.