Wolverine World Wide finalizes CEO Christopher Hufnagel employment terms; base salary $1M, target bonus 120%

WOLVERINE WORLD WIDE INC /DE/

Base salary $1M/year; target bonus 120% of base ($1.2M) under Executive STIP, max 200% of target ($2.4M).
Promotion equity award of $500K in time-based RSUs vesting in three equal annual installments.
Severance: if terminated without cause or for good reason, 24 months base salary, COBRA up to 24 months, pro rata bonus, partial equity vesting.
Agreement effective August 6, 2023, auto-renews annually unless 60-day non-renewal notice given.

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