Form 4: Weyco Group Executive John Florsheim Reports Stock Transactions and Holdings
SEC Form 4 Filing
John Florsheim, President and COO of Weyco Group Inc., reported the disposition of 2,000 shares of common stock and detailed his holdings, including direct and indirect ownership through various trusts and family members.
Summary
- John Florsheim, the President and COO of Weyco Group Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- He disposed of 2,000 shares of common stock at a price of $0, which is likely a grant or gift.
- Following the transaction, Mr. Florsheim directly owns 433,038 shares of common stock.
- He also has indirect ownership of 94,619 shares through a 2018 Irrevocable Trust, 307,404 shares as trustee for his children, 74,476 shares held by his wife, and 221,873 shares through the John Florsheim Family Trust.
- Mr. Florsheim also holds multiple stock options with varying exercise prices and expiration dates, totaling 42,000 shares.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, not indicative of positive or negative sentiment. It simply reports transactions and holdings.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC to ensure transparency in the market.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and the level of detail provided is consistent with SEC requirements.
- The vesting schedules for stock options are typical for executive compensation packages, often designed to align executive interests with long-term company performance.
- The use of trusts for holding shares is a common strategy for estate planning and wealth management among executives.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the holdings of a key executive.
- The information is relevant for investors tracking insider transactions.
Key Dates
| Date | Description |
|---|---|
| 08/23/2019 | Start date for vesting of 8,000 stock options at $37.22, vesting 20% per year for 5 years. |
| 08/26/2021 | Start date for vesting of 10,000 stock options at $18, vesting 20% per year for 5 years. |
| 08/25/2022 | Start date for vesting of 10,000 stock options at $24, vesting 20% per year for 5 years. |
| 08/25/2023 | Start date for vesting of 7,000 stock options at $28.83, vesting 20% per year for 5 years. |
| 08/25/2024 | Start date for vesting of 7,000 stock options at $25.79, vesting 20% per year for 4 years. |
| 11/08/2024 | Date of the reported stock transaction where 2,000 shares were disposed of. |
| 11/12/2024 | Date the Form 4 was signed. |
Keywords
Form 4, Beneficial Ownership, Stock Transactions, Stock Options, Weyco Group Inc, WEYS, John Florsheim, Executive Holdings
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