Form 4: Weyco Group COO John Florsheim Reports Stock Transfer and Option Holdings
SEC Form 4
John W. Florsheim, COO of Weyco Group Inc., reports a transfer of shares to a GRAT and details his direct and indirect ownership of common stock and stock options.
Summary
- John W. Florsheim, the President and COO of Weyco Group Inc., filed a Form 4 with the SEC on October 1, 2024.
- The filing reports a transaction on September 30, 2024, where 52,250 shares of Common Stock were transferred out of direct ownership and into a trust (Grat).
- The same day, 52,250 shares were acquired as trustee of a 2022 GRAT.
- Following these transactions, Florsheim directly owns 429,766 shares of Common Stock.
- Florsheim also has indirect ownership through various trusts and his wife, totaling 739,118 shares.
- The filing also details Florsheim's holdings of stock options with various exercise prices and expiration dates, totaling 67,000 options.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the COO's holdings, which can be of interest to investors.
Comparison to Industry Standards
- Comparing Florsheim's holdings to those of executives at similar-sized apparel and footwear companies would provide context.
- For example, insider ownership at companies like Steven Madden or Skechers could serve as a benchmark.
- Analyzing the percentage of shares owned by insiders relative to the total outstanding shares is a common metric.
Stakeholder Impact
- Shareholders may be interested in the changes in ownership by a key executive.
- The filing provides transparency into the executive's alignment with shareholder interests through stock ownership.
Key Dates
| Date | Description |
|---|---|
| 08/25/2018 | First stock option grant date with 20% vesting per year for 5 years. |
| 08/23/2019 | Second stock option grant date with 20% vesting per year for 5 years. |
| 08/14/2020 | Third stock option grant date with 20% vesting per year for 5 years. |
| 08/26/2021 | Fourth stock option grant date with 20% vesting per year for 5 years. |
| 08/25/2022 | Fifth stock option grant date with 20% vesting per year for 5 years. |
| 08/25/2023 | Sixth stock option grant date with 20% vesting per year for 5 years. |
| 08/25/2024 | Seventh stock option grant date with 20% vesting per year for 4 years. |
| 09/30/2024 | Date of stock transfer to GRAT. |
| 10/01/2024 | Date of Form 4 filing. |
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