ABEL HODGES CHERYL 4

What Happened

• Cheryl Abel Hodges, a director of Wolverine World Wide, was granted 9,113 restricted stock units (RSUs) on May 7, 2026. The grant shows $0 cash paid (a typical award/grant filing).
• The RSUs are derivative awards that convert one-for-one into common stock when settled. This is a grant (award), not a purchase or sale.

Key Details

• Transaction date: 2026-05-07; Form 4 filed: 2026-05-11.
• Transaction type/code: Award/Grant (A). Amount: 9,113 RSUs; reported price $0.00.
• Vesting/settlement: RSUs vest May 7, 2027 (Footnote F2) but the reporting person elected to defer receipt of the shares until May 7, 2031.
• Conversion: RSUs convert into common shares on a one-for-one basis (Footnote F1).
• Shares owned after transaction: Not specified in the provided filing details.
• Filing timeliness: Form filed four days after the grant; the filing does not indicate a late-filing flag in the provided data.

Context

• RSU grants are common compensation for directors and do not represent an immediate market purchase or sale; they only convert into actual shares when vested/settled.
• Deferral means Hodges will receive the underlying shares in 2031 rather than at the 2027 vesting date, affecting when she gains beneficial ownership and potential liquidity.