Form 4: Weyco Group CEO Thomas Florsheim Jr. Reports Stock Transfers to GRATs
SEC Form 4 Filing
Thomas W. Florsheim Jr., Chairman and CEO of Weyco Group Inc., reported the transfer of common stock to family-related Grantor Retained Annuity Trusts (GRATs) in a recent SEC filing.
Summary
- Thomas W. Florsheim Jr., Chairman and CEO of Weyco Group Inc., filed a Form 4 with the SEC on September 19, 2024.
- The filing reports transactions on September 18, 2024, involving the transfer of 13,295 shares of common stock to each of his Father's and Mother's 2022 GRAT #3.
- These shares were disposed of at a price of $0, indicating a transfer or gift.
- Following the transactions, Florsheim directly owns 786,614 shares of Weyco Group Inc. common stock.
- He also has indirect ownership through his wife (52,113 shares), as trustee for children (268,779 shares), as trustee of the John Florsheim Family Trust (181,623 shares), and held in a 2018 Irrevocable Trust (94,619 shares).
- The filing also details Florsheim's ownership of various stock options with different exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transfers, which is neutral in sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 08/25/2018 | First date exercisable for a stock option at $27.94, vesting 20% per year for 5 years, expiring 08/25/2027 |
| 08/23/2019 | First date exercisable for a stock option at $37.22, vesting 20% per year for 5 years, expiring 08/23/2028 |
| 08/14/2020 | First date exercisable for a stock option at $23.38, vesting 20% per year for 5 years, expiring 08/14/2029 |
| 08/26/2021 | First date exercisable for a stock option at $18, vesting 20% per year for 5 years, expiring 08/26/2030 |
| 08/25/2022 | First date exercisable for a stock option at $24, vesting 20% per year for 5 years, expiring 08/25/2031 |
| 08/25/2023 | First date exercisable for a stock option at $28.83, vesting 20% per year for 5 years, expiring 08/25/2032 |
| 08/25/2024 | First date exercisable for a stock option at $25.79, vesting 20% per year for 5 years, expiring 08/25/2033 |
| 09/18/2024 | Date of stock transfer to Father's and Mother's 2022 GRAT #3 |
| 09/19/2024 | Date of SEC Form 4 filing |
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