Form 4: Weyco Group Director Thomas Florsheim Reports Gift of Shares and Beneficial Ownership

Director Thomas Florsheim reports a gift of Weyco Group Inc. shares and details beneficial ownership, including holdings in revocable trusts and spousal ownership.

Summary

• On April 24, 2024, Thomas W. Florsheim, a director of Weyco Group Inc., filed a Form 4 with the SEC.
• The filing reports a gift of 1,270 shares of Common Stock.
• Following the transaction, Florsheim directly owns 2,500 shares and indirectly owns 494,923 shares held in a revocable trust.
• He also indirectly owns 77,688 shares through his wife and 57,655 shares each in two 2022 GRAT #3 trusts for himself and his wife, with his son as trustee.
• The filing also details Florsheim's ownership of various stock options with different exercise prices and expiration dates, each covering 3,500 shares of Common Stock, except for one covering 2,000 shares.
• These options vest at a rate of 20% per year over five years, starting from their respective grant dates.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting transactions and holdings. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the director's holdings and transactions.
• It assures stakeholders that the director's interests are aligned with theirs through stock ownership.

Key Dates