Form 4: Weyco Group Chairman & CEO Thomas Florsheim Jr. Reports Stock Disposals
SEC Form 4
Thomas Florsheim Jr., Chairman & CEO of Weyco Group Inc., reported the disposal of 14,920 shares of common stock on March 19, 2024.
Summary
- On March 19, 2024, Thomas W. Florsheim, Jr., Chairman & CEO of Weyco Group Inc. (WEYS), reported the disposal of 14,920 shares of common stock.
- The shares were disposed of at a price of $0.
- Following the transaction, Mr. Florsheim directly owns 789,464 shares of common stock.
- He also indirectly owns shares through various trusts and his wife, totaling 654,752 shares.
- Mr. Florsheim also holds multiple stock options with varying exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider transactions, which are common and legal as long as they comply with SEC regulations. Investors often monitor these filings for signals about management's view of the company's prospects.
Stakeholder Impact
- The disposal of shares by a key executive could be perceived negatively by some shareholders, potentially leading to slight selling pressure.
- However, the filing also shows continued significant ownership by the executive, which could reassure investors.
Key Dates
| Date | Description |
|---|---|
| 03/19/2024 | Date of stock disposal transaction |
| 03/20/2024 | Date of signature |
| 08/25/2018 | First exercisable date for some stock options |
| 08/23/2019 | First exercisable date for some stock options |
| 08/14/2020 | First exercisable date for some stock options |
| 08/26/2021 | First exercisable date for some stock options |
| 08/25/2022 | First exercisable date for some stock options |
| 08/25/2023 | First exercisable date for some stock options |
| 08/25/2024 | First exercisable date for some stock options |
| 08/25/2027 | Expiration date for some stock options |
| 08/23/2028 | Expiration date for some stock options |
| 08/14/2029 | Expiration date for some stock options |
| 08/26/2030 | Expiration date for some stock options |
| 08/25/2031 | Expiration date for some stock options |
| 08/25/2032 | Expiration date for some stock options |
| 08/25/2033 | Expiration date for some stock options |
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