Form 4: Weyco Group COO John Florsheim Reports Stock Transactions
SEC Form 4 Filing
John Florsheim, COO of Weyco Group Inc., reported the acquisition and disposal of company stock, as well as holdings in derivative securities.
Summary
- John W. Florsheim, the President and COO of Weyco Group Inc. (WEYS), filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- On August 26, 2024, Florsheim acquired 2,650 shares of Common Stock.
- On August 27, 2024, he disposed of 5,000 shares of Common Stock.
- Following these transactions, Florsheim directly owns 362,986 shares of Common Stock.
- He also indirectly owns shares through various trusts, including 94,619 shares held in a 2018 Irrevocable Trust, 307,404 shares as Trustee for Children, 74,476 shares held by his wife, 181,623 shares in the John Florsheim Family Trust, and 92,500 shares as Trustee of a 2022 GRAT.
- Florsheim also holds multiple stock options with varying exercise prices and expiration dates, totaling 67,000 shares of Common Stock.
Sentiment
Score: 5
Explanation: This Form 4 filing is a neutral event. It simply reports the transactions of a company insider and doesn't inherently indicate positive or negative sentiment about the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. Investors often monitor these filings to gauge management's sentiment and confidence in the company's prospects.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company insiders as an indicator of management's view of the company's value.
Key Dates
| Date | Description |
|---|---|
| 08/25/2018 | Date from which 20% of stock options exercisable per year for 5 years (Stock Option $ 27.94) |
| 08/23/2019 | Date from which 20% of stock options exercisable per year for 5 years (Stock Option $ 37.22) |
| 08/14/2020 | Date from which 20% of stock options exercisable per year for 5 years (Stock Option $ 23.38) |
| 08/26/2021 | Date from which 20% of stock options exercisable per year for 5 years (Stock Option $ 18) |
| 08/25/2022 | Date from which 20% of stock options exercisable per year for 5 years (Stock Option $ 24) |
| 08/25/2023 | Date from which 20% of stock options exercisable per year for 5 years (Stock Option $ 28.83) |
| 08/26/2024 | Date of Common Stock acquisition (2,650 shares). |
| 08/25/2024 | Date from which 20% of stock options exercisable per year for 5 years (Stock Option $ 25.79) |
| 08/27/2024 | Date of Common Stock disposal (5,000 shares). |
| 08/25/2027 | Expiration date of stock options (Stock Option $ 27.94) |
| 08/23/2028 | Expiration date of stock options (Stock Option $ 37.22) |
| 08/14/2029 | Expiration date of stock options (Stock Option $ 23.38) |
| 08/26/2030 | Expiration date of stock options (Stock Option $ 18) |
| 08/25/2031 | Expiration date of stock options (Stock Option $ 24) |
| 08/25/2032 | Expiration date of stock options (Stock Option $ 28.83) |
| 08/25/2033 | Expiration date of stock options (Stock Option $ 25.79) |
| 08/28/2024 | Date of signature on the Form 4. |
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