SEC Form SC 13G/A filed by Wolverine World Wide Inc. (Amendment)

2/9/24 10:05:23 AM ET

Shoe Manufacturing

Consumer Discretionary

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SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.1 WOLVERINE WORLD WIDE INC COMMON STOCK Cusip #978097103 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #978097103 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 11,150,039 Item 6: 0 Item 7: 11,151,125 Item 8: 0 Item 9: 11,151,125 Item 11: 14.020% Item 12: HC Cusip #978097103 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 11,151,125 Item 8: 0 Item 9: 11,151,125 Item 11: 14.020% Item 12: IN Item 1(a). Name of Issuer: WOLVERINE WORLD WIDE INC Item 1(b). Address of Issuer's Principal Executive Offices: 9341 Courtland Drive NE Rockford, MI 49341-9701 USA Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 978097103 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 11,151,125 (b) Percent of Class: 14.020% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 11,151,125 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of WOLVERINE WORLD WIDE INC. The interest of Fidelity Low-Priced Stock Fund, in the COMMON STOCK of WOLVERINE WORLD WIDE INC, amounted to 5,229,015 shares or 6.574% of the total outstanding COMMON STOCK at December 29, 2023. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 8, 2024 Date /s/ Stephanie J. Brown Signature Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 3, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. Exhibit A Pursuant to the instructions in Item 7 of Schedule 13G, the following table lists the identity and Item 3 classification, if applicable, of each relevant entity that beneficially owns shares of the security class being reported on this Schedule 13G. Entity ITEM 3 Classification FIAM LLC IA Fidelity Institutional Asset Management Trust Company BK Fidelity Management & Research Company LLC * IA Fidelity Management Trust Company BK Strategic Advisers LLC IA * Entity beneficially owns 5% or greater of the outstanding shares of the security class being reported on this Schedule 13G. Abigail P. Johnson is a Director, the Chairman and the Chief Executive Officer of FMR LLC. Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC. The Johnson family group and all other Series B shareholders have entered into a shareholders' voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares. Accordingly, through their ownership of voting common shares and the execution of the shareholders' voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC. This filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by FMR LLC, certain of its subsidiaries and affiliates, and other companies (collectively, the "FMR Reporters"). This filing does not reflect securities, if any, beneficially owned by certain other companies whose beneficial ownership of securities is disaggregated from that of the FMR Reporters in accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998). RULE 13d-1(k)(1) AGREEMENT The undersigned persons, on February 8, 2024, agree and consent to the joint filing on their behalf of this Schedule 13G in connection with their beneficial ownership of the COMMON STOCK of WOLVERINE WORLD WIDE INC at December 29, 2023. FMR LLC By /s/ Stephanie J. Brown Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 3, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries* Abigail P. Johnson By /s/ Stephanie J. Brown Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 26, 2023, by and on behalf of Abigail P. Johnson** * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. ** This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 31, 2023, accession number: 0000315066-23-000038.

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Date	Price Target	Rating	Analyst
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SEC Form SC 13G/A filed by Wolverine World Wide Inc. (Amendment)

2/9/24 10:05:23 AM ET

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Shoe Manufacturing

Consumer Discretionary

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Recent Analyst Ratings for

$WWW

Date	Price Target	Rating	Analyst
11/6/2025	$29.00 → $18.00	Market Perform	Telsey Advisory Group
8/7/2025	$17.00 → $29.00	Market Perform	Telsey Advisory Group
5/16/2025	$20.00	Hold → Buy	Argus
4/21/2025	$15.00	Neutral → Outperform	Robert W. Baird
12/11/2024	$21.00 → $29.00	Hold → Buy	Stifel
11/8/2024	$15.00 → $23.00	Market Perform	Telsey Advisory Group
10/3/2024	$22.00	Neutral → Outperform	Exane BNP Paribas
8/23/2024	$18.00	Overweight	Piper Sandler

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SEC Form SC 13G/A filed by Wolverine World Wide Inc. (Amendment)

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Insider Trading

President and CEO Hufnagel Christopher covered exercise/tax liability with 8,822 shares and converted options into 20,350 shares, increasing direct ownership by 5% to 243,086 units (SEC Form 4)

Chief Human Resources Officer Klimek Amy M. converted options into 20,350 shares, covered exercise/tax liability with 8,822 shares and sold $257,305 worth of shares (11,528 units at $22.32) (SEC Form 4)

SEC Form 4 filed by Director Gerber William K

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Insider Purchases

Director Price Demonty bought $407,850 worth of shares (15,000 units at $27.19) (SEC Form 4)

President and CEO Hufnagel Christopher bought $295,400 worth of shares (20,000 units at $14.77), increasing direct ownership by 10% to 224,107 units (SEC Form 4)

Chief Financial Officer Miller Taryn L bought $100,914 worth of shares (6,600 units at $15.29), increasing direct ownership by 158% to 10,772 units (SEC Form 4)

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Analyst Ratings

Telsey Advisory Group reiterated coverage on Wolverine with a new price target

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SEC Filings

SEC Form 10-Q filed by Wolverine World Wide Inc.

Amendment: SEC Form SCHEDULE 13G/A filed by Wolverine World Wide Inc.

Wolverine World Wide Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

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Leadership Updates

Wolverine Worldwide Appoints Cheryl Abel-Hodges and Jack Boyle to its Board of Directors

Wolverine Worldwide Appoints Brett Parent as Chief Strategy Officer

MERRELL ANNOUNCES RICHARD McLEOD AS CHIEF MARKETING OFFICER

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Press Releases

Wolverine Puts Boots on the Ground in "Landman" for a New Partnership with Paramount+'s Blockbuster Hit

Wolverine Worldwide Reports Third Quarter 2025 Results

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Financials

Wolverine Worldwide Reports Third Quarter 2025 Results

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Large Ownership Changes