WOLVERINE WORLD WIDE INC /DE/
For the period ended May 2, 2024. Filed Mar 20, 2024.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 2, 2024 · Filed Mar 20, 2024
WWW$21.33-1.7%Stored close · as of Nov 6, 2026
Contents
2023 Compensation Program Overview
The Company's executive compensation program consists of base salary, annual bonus opportunity, long-term incentive compensation and benefits. A breakdown of base salary, annual performance bonus, and long-term incentive compensation is illustrated below:
| ELEMENT | | | COMPONENT | | | METRICS | | | WHAT THE PAY ELEMENT REWARDS | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | | | | | | | ||||||
| Base Salary | | | • Cash | | | • Fixed amount based on responsibilities, experience and market data | | | • Scope of core responsibilities, years of experience, and potential to affect the Company's overall performance | | ||
| | | | | | | | | | ||||
| Annual Performance Bonus | | | • Company/Business Unit Cash Bonus | | | • 75% revenue and adjusted pretax earnings • 25% annual strategic performance targets | | | • Achieving specific corporate business and/or divisional financial objectives over which the NEO has reasonable control • Achieving specific annual strategic priorities | | ||
| | | | | | | | | | ||||
| Long-Term Incentive Compensation | | | • Performance-based restricted stock units • Time-vested restricted stock units | | | • Uses the following performance metrics (weighted as indicated) • 60% Operating Profit • 40% Relative Total Shareholder Return • Three-year vesting for time-vested restricted stock units | | | • Balances focus on near-term profitability with longer-term shareholder value creation • Achieving long-term corporate objectives • Driving long-term shareholder value • Continued, long-term employment at Wolverine Worldwide • Significant weighting on relative TSR performance • Time-vested restricted stock units reward increases in stock price | | ||
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