Form 4: Weyco Group Director Thomas W. Florsheim Reports Stock Transfers and Option Holdings
SEC Form 4
Director Thomas W. Florsheim reports the disposition of common stock into trusts and ongoing stock option holdings.
Summary
- Thomas W. Florsheim, a director of Weyco Group Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On September 18, 2024, Florsheim transferred 13,295 shares of common stock into a 2022 GRAT #3 trust for himself and another 13,295 shares into a similar trust for his wife, both trusts managed by his son.
- These transactions were reported as dispositions with a price of $0.
- Following these transactions, Florsheim's indirect ownership includes 29,060 shares in each of the GRAT #3 trusts, 553,113 shares held in a revocable trust, and 77,688 shares held by his wife.
- He also directly owns 3,050 shares.
- The report also details Florsheim's holdings of several stock options with varying exercise prices and expiration dates, all of which are directly owned.
- These options vest at a rate of 20% per year over five years from their respective grant dates.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions and option holdings of a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of a company director.
- The stock transfers into trusts may have implications for the director's long-term financial planning.
Key Dates
| Date | Description |
|---|---|
| 08/25/2018 | First vesting date for stock options with an exercise price of $27.94 and expiration on 08/25/2027. |
| 08/23/2019 | First vesting date for stock options with an exercise price of $37.22 and expiration on 08/23/2028. |
| 08/14/2020 | First vesting date for stock options with an exercise price of $23.38 and expiration on 08/14/2029. |
| 08/26/2021 | First vesting date for stock options with an exercise price of $18 and expiration on 08/26/2030. |
| 08/25/2022 | First vesting date for stock options with an exercise price of $24 and expiration on 08/25/2031. |
| 08/25/2023 | First vesting date for stock options with an exercise price of $28.83 and expiration on 08/25/2032. |
| 08/25/2024 | First vesting date for stock options with an exercise price of $25.79 and expiration on 08/25/2033. |
| 09/18/2024 | Date of common stock transfer into GRAT trusts. |
| 09/19/2024 | Date of signature on the Form 4 filing. |
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