Form 4: Weyco Group Inc. Chairman and CEO Thomas W. Florsheim, Jr. Reports Gift of 4,000 Shares
SEC Filing Form 4
Thomas W. Florsheim, Jr., Chairman and CEO of Weyco Group Inc., reported a gift of 4,000 shares of common stock and ongoing beneficial ownership through direct and indirect holdings.
Summary
- On August 15, 2024, Thomas W. Florsheim, Jr., Chairman and CEO of Weyco Group Inc., filed a Form 4 indicating changes in beneficial ownership of the company's stock.
- Florsheim gifted 4,000 shares of Weyco Group Inc. common stock.
- Following the transaction, Florsheim directly owns 783,964 shares.
- Florsheim also indirectly owns shares through his wife (52,113 shares), as trustee for children (268,779 shares), as trustee of the John Florsheim Family Trust (181,623 shares), held in a 2018 Irrevocable Trust (94,619 shares), and as trustee of his Father's and Mother's 2022 GRAT #3 (42,355 shares each).
- Florsheim also holds multiple stock options with varying exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard 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.
Stakeholder Impact
- The gift of shares by the CEO could be perceived positively by shareholders, signaling confidence in the company's future.
Key Dates
| Date | Description |
|---|---|
| 08/25/2018 | First stock option grant exercisable date. |
| 08/23/2019 | Second stock option grant exercisable date. |
| 08/14/2020 | Third stock option grant exercisable date. |
| 08/26/2021 | Fourth stock option grant exercisable date. |
| 08/25/2022 | Fifth stock option grant exercisable date. |
| 08/25/2023 | Sixth stock option grant exercisable date. |
| 08/15/2024 | Date of transaction (gift of shares) and filing of Form 4. |
| 08/25/2024 | Seventh stock option grant exercisable date. |
| 08/25/2027 | First stock option grant expiration date. |
| 08/23/2028 | Second stock option grant expiration date. |
| 08/14/2029 | Third stock option grant expiration date. |
| 08/26/2030 | Fourth stock option grant expiration date. |
| 08/25/2031 | Fifth stock option grant expiration date. |
| 08/25/2032 | Sixth stock option grant expiration date. |
| 08/25/2033 | Seventh stock option grant expiration date. |
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