Form 4: WEYCO Director Stratton Adjusts Share Holdings
Insider Transaction Report
WEYCO Group Inc. Director Frederick P. Stratton Jr. reported recent adjustments to his direct and indirect beneficial ownership of common stock, alongside existing stock options.
Summary
- Director Frederick P. Stratton Jr. reported changes in his beneficial ownership of WEYCO Group Inc. common stock.
- On August 25, 2025, he acquired 1,890 shares of common stock directly at a price of $0, bringing his direct ownership to 4,940 shares.
- On the same day, he disposed of 750 shares directly at $0 and acquired 750 shares indirectly through the Frederick P. Stratton Jr. Survivor Trust, increasing the trust's holding to 104,617 shares.
- On August 26, 2025, he disposed of 310 shares directly at $0 and acquired 310 shares indirectly through the Frederick P. Stratton Jr. Survivor Trust, increasing the trust's holding to 104,927 shares.
- Following these transactions, direct beneficial ownership stands at 3,880 shares.
- Indirect beneficial ownership includes 104,927 shares in the Frederick P. Stratton Jr. Survivor Trust, 20,000 shares in the Ann Stratton Marital Trust B of 2005, and 30,300 shares in the Fred and Anne Stratton 2012 Family Trust, totaling 155,227 indirect shares.
- He also holds 16,000 stock options with various exercise prices and vesting schedules, granted between 2019 and 2024.
Sentiment
Score: 6
Explanation: The filing reports routine insider transactions, including grants and transfers to trusts, which are generally neutral to slightly positive as they reflect ongoing compensation and long-term holding by a director. There are no significant market sales for cash that would indicate a negative sentiment.
Positives
- The reporting person, a Director, maintains significant beneficial ownership, including 3,880 direct shares and 155,227 indirect shares, demonstrating continued alignment with shareholder interests.
- The acquisition of 1,890 shares directly on August 25, 2025, even at a $0 price (likely a grant or award), increases direct holdings.
- The existence of 16,000 stock options provides a long-term incentive for the director to contribute to the company's performance.
Negatives
- The reported transactions on August 25 and 26, 2025, involved a net decrease in direct beneficial ownership by 1,060 shares (750 + 310 disposed directly, 1,890 acquired directly, resulting in 4940 750 310 = 3880 direct shares from an initial 3050 + 1890 = 4940). The 'A' and 'Z' codes at $0 price suggest non-open market transactions, possibly related to compensation or estate planning, rather than a market sale for cash.
- The 'Z' transaction code typically indicates an intra-plan transfer or disposition to a trust, which reduces direct holdings.
Future Outlook
There are no forward-looking statements or guidance provided in this Form 4 filing, as it is solely for reporting insider transactions.
Industry Context
This Form 4 filing reports routine insider transactions for a director of WEYCO Group Inc., a company in the footwear industry. Such filings are standard disclosures and do not typically provide broader industry context or competitive analysis.
Related Party Transactions
- Indirect beneficial ownership is held through family trusts (Frederick P. Stratton Jr. Survivor Trust, Ann Stratton Marital Trust B of 2005, Fred and Anne Stratton 2012 Family Trust), which are considered related parties.
Stakeholder Impact
- Shareholders: Provides transparency into a director's equity holdings and recent transactions, which can influence investor confidence.
- Management: Reflects ongoing compensation and long-term incentive structures for a key director.
Key Dates
| Date | Description |
|---|---|
| 08/23/2019 | Start of 5-year vesting period for 2,000 stock options with an exercise price of $37.22. |
| 08/26/2021 | Start of 5-year vesting period for 3,500 stock options with an exercise price of $18.00. |
| 08/25/2022 | Start of 5-year vesting period for 3,500 stock options with an exercise price of $24.00. |
| 08/25/2023 | Start of 5-year vesting period for 3,500 stock options with an exercise price of $28.83. |
| 08/25/2024 | Start of 5-year vesting period for 3,500 stock options with an exercise price of $25.79. |
| 08/25/2025 | Date of reported transactions including acquisition of 1,890 direct shares, disposition of 750 direct shares, and acquisition of 750 indirect shares. |
| 08/26/2025 | Date of reported transactions including disposition of 310 direct shares and acquisition of 310 indirect shares. |
| 08/27/2025 | Signature date of the reporting person. |
| 08/23/2028 | Expiration date for 2,000 stock options granted on 08/23/2019. |
| 08/26/2030 | Expiration date for 3,500 stock options granted on 08/26/2021. |
| 08/25/2031 | Expiration date for 3,500 stock options granted on 08/25/2022. |
| 08/25/2032 | Expiration date for 3,500 stock options granted on 08/25/2023. |
| 08/25/2033 | Expiration date for 3,500 stock options granted on 08/25/2024. |
Keywords
WEYCO Group Inc., WEYS, Insider Trading, Form 4, Beneficial Ownership, Stock Options, Director Holdings, Frederick P. Stratton Jr., Equity Transactions, SEC Filing
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