Form 4: Weyco Group Director Thomas Florsheim Reports Stock Transfers and Option Holdings
SEC Form 4
Director Thomas Florsheim reports the disposition of common stock into a trust and updates on derivative security holdings.
Summary
- On June 18, 2024, Thomas W. Florsheim, a director of Weyco Group Inc., reported changes in his beneficial ownership of the company's stock.
- He disposed of 15,300 shares of common stock into a 2022 GRAT #3 trust for himself, of which his son is trustee, and another 15,300 shares into a similar trust for his wife.
- These transactions resulted in Florsheim indirectly owning 42,355 shares through each trust.
- He also reported indirectly owning 525,523 shares held in a revocable trust and 77,688 shares held by his wife.
- Additionally, he directly owns 2,500 shares of common stock.
- Florsheim also holds several stock options with varying exercise prices and expiration dates, each for 3,500 shares, with vesting schedules of 20% per year over five years.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 06/18/2024 | Date of earliest transaction (stock disposition) |
| 06/19/2024 | Date of signature on the Form 4 filing |
| 08/25/2018 | First exercisable date for one of the stock option grants |
| 08/23/2019 | First exercisable date for one of the stock option grants |
| 08/14/2020 | First exercisable date for one of the stock option grants |
| 08/26/2021 | First exercisable date for one of the stock option grants |
| 08/25/2022 | First exercisable date for one of the stock option grants |
| 08/25/2023 | First exercisable date for one of the stock option grants |
| 08/25/2024 | First exercisable date for one of the stock option grants |
| 08/25/2027 | Expiration date for one of the stock option grants |
| 08/23/2028 | Expiration date for one of the stock option grants |
| 08/14/2029 | Expiration date for one of the stock option grants |
| 08/26/2030 | Expiration date for one of the stock option grants |
| 08/25/2031 | Expiration date for one of the stock option grants |
| 08/25/2032 | Expiration date for one of the stock option grants |
| 08/25/2033 | Expiration date for one of the stock option grants |
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