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Pay vs Performance Disclosure - USD ($)
5 Months Ended 7 Months Ended 12 Months Ended
Dec. 30, 2023
Aug. 05, 2023
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Jan. 01, 2022
Jan. 02, 2021
Pay vs Performance Disclosure              
Pay vs Performance Disclosure, Table    
PAY VS. PERFORMANCE
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S-K, the following information is provided about the relationship between compensation shown in the Summary Compensation Table (SCT), Compensation Actually Paid (CAP), Total Shareholder Return (TSR), Net Income, and Non-GAAP Pre-Tax Income as the Company Selected Measure.
As shown in the table below, the CEO and other NEOs’ Compensation Actually Paid amounts are aligned with the Company’s TSR. Compensation Actually Paid has meaningfully decreased when the stock price has decreased (e.g., 2022), and Compensation Actually Paid has meaningfully increased when the stock price has increased (e.g., 2024). Alignment is primarily due to the Company’s use of equity incentives, which are tied directly to stock price in addition to the Company’s financial performance.
Value of Initial Fixed $100
Investment Based On:
Year
Summary
Comp.
Table Total
for Krueger
CEO(a)
Summary
Comp.
Table Total
for
Mr. Hoffman
CEO(a)
Summary
Comp.
Table Total
for
Mr. Hufnagel
CEO(a)
Comp.
Actually
Paid to
Krueger
CEO(a), (b)
Comp.
Actually
Paid to
Hoffman
CEO(a), (b)
Comp.
Actually
Paid to
Hufnagel
CEO(a), (b)
Average
Summary
Comp.
Table
Total for
Non-CEO
NEOs(a)
Average
Comp.
Actually
Paid to
Non-CEO
NEOs(a), (b)
Wolverine
World Wide
TSR
Peer
Group (c)
TSR
Net Income
(in Millions)
Non-GAAP
Pre-Tax
Income (in
Millions) (d)
2024
N/A
N/A
$9,372,067
N/A
N/A
$28,578,673
$1,877,688
$4,434,728
$74.93
$130.36
$51.5
$92.5
2023
N/A
$7,578,715
$3,174,477
N/A
$3,230,490
$2,691,339
$2,310,884
$1,841,974
$28.98
$134.84
($39.2)
$4.8
2022
N/A
$6,519,654
N/A
N/A
$207,454
N/A
$1,818,674
$868,826
$34.33
$108.06
($189.1)
$133.1
2021
$14,405,857
N/A
N/A
$3,570,244
N/A
N/A
$3,924,986
$2,336,212
$88.24
$151.33
$67.0
$191.5
2020
$9,519,491
N/A
N/A
$5,934,954
N/A
N/A
$3,547,178
$2,591,063
$94.56
$120.70
($138.6)
$92.4
 (a)
NEOs included in these columns reflect the following:
Year
CEO (or Principal Executive Officer)
Non-CEO NEOs
2024
Christopher Hufnagel
Amy Klimek, David Latchana, Taryn Miller, Isabel Soriano, Michael Stornant
2023
Brendan Hoffman (through 8/5/2023) &
Christopher Hufnagel (through end of year)
Isabel Soriano, Michael Stornant, James Zwiers, Amy Klimek
2022
Brendan Hoffman
Isabel Soriano, Michael Stornant, James Zwiers, Christopher Hufnagel
2021
Blake Krueger
Brendan Hoffman, Isabel Soriano, Michael Stornant, James Zwiers
2020
Blake Krueger
Brendan Hoffman, Michael Jeppesen, Michael Stornant, James Zwiers
 (b)
The following table details the adjustment to the Summary Compensation Table Total Pay for our CEO, as well as the average for our other NEOs, to determine “compensation actually paid,” as computed in accordance with Item 402(v), with dividends accounted for in the change in fair value of the awards. Amounts do not reflect actual compensation earned by or paid to our NEOs during 2024.
CEO
NEO Average
Hufnagel (2024)
2024
Summary Compensation Table Total
$9,372,067
$1,877,688
Less: Reported Fair Value of Equity Awards(1)
$6,800,009
$793,814
Add: Year-End Fair Value of Outstanding and Unvested Equity Awards Granted in the Year(2)
$23,953,175
$2,317,940
Add: Change in Fair Value from prior Year-End to Vesting Date of Equity Awards Granted in Prior Years that Vested in the Year(2)
$224,381
$69,837
Add: Year Over Year Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years(2)
$1,884,203
$957,513
Less: Fair Value at the End of Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year(2)
$17,269
$25,459
Add: Value of Dividends or Other Earnings Paid on Stock or Option Awards Not Otherwise Reflected in Fair Value or Total Compensation
$132,880
$26,780
Less: Change in Pension Value Reported in the Summary Compensation Table
$438,706
$5,999
Add: Pension Service Cost for Services Rendered During the Year
$267,951
$10,241
Compensation Actually Paid
$28,578,673
$4,434,728
(1)
The amounts reflect the aggregate grant-date fair value reported in the “Stock Awards” columns in the Summary Compensation Table for the applicable year.
(2)
In accordance with Item 402(v) requirements, the fair values of unvested and outstanding equity awards to our NEOs were measured as of the end of each fiscal year, and as of each vesting date, during the years displayed in the table above. For performance-based awards, the fair values reflect the probable outcome of the performance vesting conditions as of each measurement date. Dividends are accounted for in the change in fair value calculations. We did not grant any equity awards that vested in the year of grant.
 (c)
Peer Group reflects the same S&P 1500 Consumer Durables & Apparel Index used for the performance graph included in the 10-K as required under S-K Item 201(e)(1)(ii).
 (d)
For a reconciliation of GAAP Pre-tax Income to non-GAAP Pre-tax Income, as used in the third table below, see the Non-GAAP reconciliation table in Appendix A.
       
Company Selected Measure Name     non-GAAP Pre-tax Income        
Named Executive Officers, Footnote    
 (a)
NEOs included in these columns reflect the following:
Year
CEO (or Principal Executive Officer)
Non-CEO NEOs
2024
Christopher Hufnagel
Amy Klimek, David Latchana, Taryn Miller, Isabel Soriano, Michael Stornant
2023
Brendan Hoffman (through 8/5/2023) &
Christopher Hufnagel (through end of year)
Isabel Soriano, Michael Stornant, James Zwiers, Amy Klimek
2022
Brendan Hoffman
Isabel Soriano, Michael Stornant, James Zwiers, Christopher Hufnagel
2021
Blake Krueger
Brendan Hoffman, Isabel Soriano, Michael Stornant, James Zwiers
2020
Blake Krueger
Brendan Hoffman, Michael Jeppesen, Michael Stornant, James Zwiers
       
Peer Group Issuers, Footnote    
 (c)
Peer Group reflects the same S&P 1500 Consumer Durables & Apparel Index used for the performance graph included in the 10-K as required under S-K Item 201(e)(1)(ii).
       
Adjustment To PEO Compensation, Footnote    
 (b)
The following table details the adjustment to the Summary Compensation Table Total Pay for our CEO, as well as the average for our other NEOs, to determine “compensation actually paid,” as computed in accordance with Item 402(v), with dividends accounted for in the change in fair value of the awards. Amounts do not reflect actual compensation earned by or paid to our NEOs during 2024.
CEO
NEO Average
Hufnagel (2024)
2024
Summary Compensation Table Total
$9,372,067
$1,877,688
Less: Reported Fair Value of Equity Awards(1)
$6,800,009
$793,814
Add: Year-End Fair Value of Outstanding and Unvested Equity Awards Granted in the Year(2)
$23,953,175
$2,317,940
Add: Change in Fair Value from prior Year-End to Vesting Date of Equity Awards Granted in Prior Years that Vested in the Year(2)
$224,381
$69,837
Add: Year Over Year Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years(2)
$1,884,203
$957,513
Less: Fair Value at the End of Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year(2)
$17,269
$25,459
Add: Value of Dividends or Other Earnings Paid on Stock or Option Awards Not Otherwise Reflected in Fair Value or Total Compensation
$132,880
$26,780
Less: Change in Pension Value Reported in the Summary Compensation Table
$438,706
$5,999
Add: Pension Service Cost for Services Rendered During the Year
$267,951
$10,241
Compensation Actually Paid
$28,578,673
$4,434,728
(1)
The amounts reflect the aggregate grant-date fair value reported in the “Stock Awards” columns in the Summary Compensation Table for the applicable year.
(2)
In accordance with Item 402(v) requirements, the fair values of unvested and outstanding equity awards to our NEOs were measured as of the end of each fiscal year, and as of each vesting date, during the years displayed in the table above. For performance-based awards, the fair values reflect the probable outcome of the performance vesting conditions as of each measurement date. Dividends are accounted for in the change in fair value calculations. We did not grant any equity awards that vested in the year of grant.
       
Non-PEO NEO Average Total Compensation Amount     $ 1,877,688 $ 2,310,884 $ 1,818,674 $ 3,924,986 $ 3,547,178
Non-PEO NEO Average Compensation Actually Paid Amount     $ 4,434,728 1,841,974 868,826 2,336,212 2,591,063
Adjustment to Non-PEO NEO Compensation Footnote    
 (b)
The following table details the adjustment to the Summary Compensation Table Total Pay for our CEO, as well as the average for our other NEOs, to determine “compensation actually paid,” as computed in accordance with Item 402(v), with dividends accounted for in the change in fair value of the awards. Amounts do not reflect actual compensation earned by or paid to our NEOs during 2024.
CEO
NEO Average
Hufnagel (2024)
2024
Summary Compensation Table Total
$9,372,067
$1,877,688
Less: Reported Fair Value of Equity Awards(1)
$6,800,009
$793,814
Add: Year-End Fair Value of Outstanding and Unvested Equity Awards Granted in the Year(2)
$23,953,175
$2,317,940
Add: Change in Fair Value from prior Year-End to Vesting Date of Equity Awards Granted in Prior Years that Vested in the Year(2)
$224,381
$69,837
Add: Year Over Year Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years(2)
$1,884,203
$957,513
Less: Fair Value at the End of Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year(2)
$17,269
$25,459
Add: Value of Dividends or Other Earnings Paid on Stock or Option Awards Not Otherwise Reflected in Fair Value or Total Compensation
$132,880
$26,780
Less: Change in Pension Value Reported in the Summary Compensation Table
$438,706
$5,999
Add: Pension Service Cost for Services Rendered During the Year
$267,951
$10,241
Compensation Actually Paid
$28,578,673
$4,434,728
(1)
The amounts reflect the aggregate grant-date fair value reported in the “Stock Awards” columns in the Summary Compensation Table for the applicable year.
(2)
In accordance with Item 402(v) requirements, the fair values of unvested and outstanding equity awards to our NEOs were measured as of the end of each fiscal year, and as of each vesting date, during the years displayed in the table above. For performance-based awards, the fair values reflect the probable outcome of the performance vesting conditions as of each measurement date. Dividends are accounted for in the change in fair value calculations. We did not grant any equity awards that vested in the year of grant.
       
Compensation Actually Paid vs. Total Shareholder Return    
Compensation Actually Paid versus Total Shareholder Return
As shown in the chart below, the CEO and other NEOs’ Compensation Actually Paid amounts are aligned with the Company’s TSR. Alignment is primarily due to the Company’s use of equity incentives, which are tied directly to stock price in addition to the Company’s financial performance. The TSR calculation assumes a $100 investment made on 12/28/2019.
A $100 investment in Wolverine since the announcement of Mr. Hufnagel’s appointment to CEO (on August 10, 2023) would be worth $268.34 at the end of fiscal year 2024 (168% appreciation) and Mr. Hufnagel’s Compensation Actually Paid is 149% higher than his Compensation disclosed in the Summary Compensation Table for fiscal years 2023 and 2024, demonstrating alignment between our current CEO’s realizable compensation and the performance of our Company Stock during Mr. Hufnagel’s CEO tenure.
       
Compensation Actually Paid vs. Net Income    
Compensation Actually Paid versus Net Income
The chart below compares the CEO and other NEOs’ Compensation Actually Paid to our Company’s GAAP Net Income.
       
Compensation Actually Paid vs. Company Selected Measure    
Compensation Actually Paid versus Non-GAAP Pre-Tax Income
The chart below compares the CEO and other NEOs’ Compensation Actually Paid to our Company Selected Measure, Non-GAAP Pre-Tax Income.
       
Total Shareholder Return Vs Peer Group    
Compensation Actually Paid versus Total Shareholder Return
As shown in the chart below, the CEO and other NEOs’ Compensation Actually Paid amounts are aligned with the Company’s TSR. Alignment is primarily due to the Company’s use of equity incentives, which are tied directly to stock price in addition to the Company’s financial performance. The TSR calculation assumes a $100 investment made on 12/28/2019.
A $100 investment in Wolverine since the announcement of Mr. Hufnagel’s appointment to CEO (on August 10, 2023) would be worth $268.34 at the end of fiscal year 2024 (168% appreciation) and Mr. Hufnagel’s Compensation Actually Paid is 149% higher than his Compensation disclosed in the Summary Compensation Table for fiscal years 2023 and 2024, demonstrating alignment between our current CEO’s realizable compensation and the performance of our Company Stock during Mr. Hufnagel’s CEO tenure.
       
Tabular List, Table    
Tabular list of Company Performance Measures
The four measures listed below, in no particular order, represent the most important metrics to link Compensation Actually Paid for FY 2024 as further described in our Compensation Discussion and Analysis (CD&A) within the sections titled “Short-Term Incentive Compensation” and “Long-Term Incentive Compensation.”
Most Important Performance Measures
Non-GAAP Pre-Tax Income
Revenue
Non-GAAP Operating Profit
Relative TSR
       
Total Shareholder Return Amount     $ 74.93 28.98 34.33 88.24 94.56
Peer Group Total Shareholder Return Amount     $ 130.36 $ 134.84 $ 108.06 $ 151.33 $ 120.7
Company Selected Measure Amount     92,500,000 4,800,000 133,100,000 191,500,000 92,400,000
PEO Name Christopher Hufnagel Brendan Hoffman Christopher Hufnagel   Brendan Hoffman Blake Krueger Blake Krueger
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest     $ 51,500,000 $ (39,200,000) $ (189,100,000) $ 67,000,000 $ (138,600,000)
Measure:: 1              
Pay vs Performance Disclosure              
Name     Non-GAAP Pre-Tax Income        
Non-GAAP Measure Description    
 (d)
For a reconciliation of GAAP Pre-tax Income to non-GAAP Pre-tax Income, as used in the third table below, see the Non-GAAP reconciliation table in Appendix A.
       
Measure:: 2              
Pay vs Performance Disclosure              
Name     Revenue        
Measure:: 3              
Pay vs Performance Disclosure              
Name     Non-GAAP Operating Profit        
Measure:: 4              
Pay vs Performance Disclosure              
Name     Relative TSR        
Christopher Hufnagel [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount     $ 9,372,067 3,174,477      
PEO Actually Paid Compensation Amount     28,578,673 2,691,339      
Brendan Hoffman [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount       7,578,715 6,519,654    
PEO Actually Paid Compensation Amount       $ 3,230,490 $ 207,454    
Blake Krueger [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount           14,405,857 9,519,491
PEO Actually Paid Compensation Amount           $ 3,570,244 $ 5,934,954
PEO | Christopher Hufnagel [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (438,706)        
PEO | Christopher Hufnagel [Member] | Pension Adjustments Service Cost              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     267,951        
PEO | Christopher Hufnagel [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (6,800,009)        
PEO | Christopher Hufnagel [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     23,953,175        
PEO | Christopher Hufnagel [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     1,884,203        
PEO | Christopher Hufnagel [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     224,381        
PEO | Christopher Hufnagel [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (17,269)        
PEO | Christopher Hufnagel [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     132,880        
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (5,999)        
Non-PEO NEO | Pension Adjustments Service Cost              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     10,241        
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (793,814)        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     2,317,940        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     957,513        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     69,837        
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (25,459)        
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     $ 26,780