Form 4: Weyco Group Inc. Chairman & CEO, Thomas W. Florsheim Jr., Reports Changes in Beneficial Ownership
SEC Form 4
Thomas W. Florsheim Jr., Chairman & CEO of Weyco Group Inc., reports the disposition of 15,300 shares of common stock held in trust, along with updates to derivative security holdings.
Summary
- On June 18, 2024, Thomas W. Florsheim Jr., Chairman & CEO of Weyco Group Inc., filed a Form 4 to report changes in beneficial ownership.
- He disposed of 15,300 shares of Weyco Group Inc. common stock held as trustee of his father's 2022 GRAT #3 and 15,300 shares held as trustee of his mother's 2022 GRAT #3.
- Following the transaction, Mr. Florsheim directly owns 787,964 shares of common stock.
- He also indirectly owns shares through his wife (52,113), as trustee for his children (268,779), as trustee of the John Florsheim Family Trust (181,623), held in a 2018 Irrevocable Trust (94,619), as trustee of his father's 2022 GRAT (29,285), and as trustee of his mother's 2022 GRAT (29,285).
- The report also details Mr. Florsheim's holdings of stock options with various exercise prices and expiration dates, totaling 67,000 shares underlying the options.
Sentiment
Score: 5
Explanation: This is a routine filing; the sentiment is neutral as it simply reports transactions.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The information is used by investors to understand management's perspective on the company's stock.
Stakeholder Impact
- Shareholders may use this information to assess management's actions and alignment with shareholder interests.
Key Dates
| Date | Description |
|---|---|
| 06/18/2024 | Date of the reported transaction (disposition of shares). |
| 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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