Form 4: Weyco Group Executive John Florsheim Reports Share Transfers and Option Holdings
SEC Form 4 Filing
John Florsheim, President and COO of Weyco Group, reported a transfer of shares and details of his stock option holdings in a recent SEC filing.
Summary
- John Florsheim, President and COO of Weyco Group, filed a Form 4 with the SEC detailing changes in his beneficial ownership of company stock.
- On December 6, 2024, Mr. Florsheim transferred 3,210 shares of common stock as a gift, and received 3,210 shares as a gift.
- Following these transactions, Mr. Florsheim directly owns 429,828 shares and indirectly owns 310,614 shares as trustee for his children.
- He also has indirect ownership of 94,619 shares held in a 2018 Irrevocable Trust, 74,476 shares held by his wife, and 221,873 shares held in the John Florsheim Family Trust.
- The filing also details Mr. Florsheim's holdings of stock options, including options granted in 2019, 2021, 2022, 2023 and 2024, each vesting 20% per year over 5 years, except for the 2024 options which vest over 4 years.
Sentiment
Score: 7
Explanation: The document is a routine filing and does not indicate any positive or negative sentiment. It is a neutral disclosure of transactions.
Positives
- The filing provides transparency into the holdings of a key executive at Weyco Group.
- The stock options held by Mr. Florsheim align his interests with the long-term performance of the company.
Industry Context
This filing is a routine disclosure of executive stock ownership and option holdings, which is common practice for publicly traded companies.
Comparison to Industry Standards
- Executive stock ownership and option grants are standard practice in publicly traded companies like Weyco Group.
- The vesting schedules of the stock options are typical, with 20% vesting per year over 4 or 5 years.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the ownership of a key executive.
- The stock option holdings align the executive's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 08/23/2019 | Date of grant for stock options exercisable at $37.22, vesting 20% per year for 5 years. |
| 08/26/2021 | Date of grant for stock options exercisable at $18, vesting 20% per year for 5 years. |
| 08/25/2022 | Date of grant for stock options exercisable at $24, vesting 20% per year for 5 years. |
| 08/25/2023 | Date of grant for stock options exercisable at $28.83, vesting 20% per year for 5 years. |
| 08/25/2024 | Date of grant for stock options exercisable at $25.79, vesting 20% per year for 4 years. |
| 12/06/2024 | Date of the reported share transfer and filing of the Form 4. |
Keywords
SEC Form 4, Beneficial Ownership, Stock Options, Weyco Group, John Florsheim, Executive Holdings, Share Transfer, Insider Trading
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