Form 4: Weyco Group Director Acquires Shares and Holds Stock Options
SEC Form 4 Filing
Director Cory L. Nettles acquired 1,550 shares of Weyco Group Inc. common stock and holds multiple stock options.
Summary
- On August 26, 2024, Cory L. Nettles, a director of Weyco Group Inc., acquired 1,550 shares of common stock.
- Following the transaction, Nettles directly owns 13,374 shares of Weyco Group Inc.
- Nettles also holds multiple stock options with varying exercise prices and expiration dates, each for 3,500 shares of common stock, except for one option for 2,000 shares.
- The stock options vest 20% per year over 5 years from their respective grant dates.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a director's stock acquisition and holdings; it doesn't inherently convey strong positive or negative sentiment.
Positives
- The director's acquisition of shares may signal confidence in the company's future prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders (directors, officers, or those holding 10% or more of a company's shares) trade in their company's stock; they provide transparency to the market.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 08/25/2018 | Start date for vesting of stock option with exercise price $27.94 |
| 08/23/2019 | Start date for vesting of stock option with exercise price $37.22 |
| 08/14/2020 | Start date for vesting of stock option with exercise price $23.38 |
| 08/26/2021 | Start date for vesting of stock option with exercise price $18 |
| 08/25/2022 | Start date for vesting of stock option with exercise price $24 |
| 08/25/2023 | Start date for vesting of stock option with exercise price $28.83 |
| 08/26/2024 | Date of common stock acquisition and start date for vesting of stock option with exercise price $25.79 |
| 08/27/2024 | Date of signature |
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