Form 4: Weyco Group Inc. Director of Finance, Robert D. Hanley, Reports Transaction
SEC Form 4
Robert D. Hanley, Director of Finance at Weyco Group Inc., reports the acquisition of 800 shares of common stock and disposal of 2,000 shares on August 26, 2024.
Summary
- On August 26, 2024, Robert D. Hanley, the Director of Finance at Weyco Group Inc. (WEYS), filed a Form 4.
- The report details Mr. Hanley's transaction involving Weyco Group Inc.'s common stock.
- Mr. Hanley acquired 800 shares of common stock at $0.
- Mr. Hanley disposed of 2,000 shares of common stock.
- Following the reported transactions, Mr. Hanley beneficially owns 2,000 shares of common stock.
- Mr. Hanley also holds stock options for 1,500 shares at an exercise price of $28.83, and another 1,500 shares at an exercise price of $25.79.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard regulatory filing detailing insider transactions. There's no inherent positive or negative implication without further context.
Industry Context
Form 4 filings are a routine part of compliance for corporate insiders and provide transparency into their transactions in the company's stock. It's a standard practice to monitor these filings to understand management's perspective on the company's value.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- It helps stakeholders understand the actions of company leadership.
Key Dates
| Date | Description |
|---|---|
| 08/25/2023 | Beginning date for 20% per year vesting of stock options priced at $28.83 for 5 years. |
| 08/25/2024 | Beginning date for 20% per year vesting of stock options priced at $25.79 for 5 years. |
| 08/26/2024 | Date of the reported transaction involving the acquisition and disposal of common stock. |
| 08/28/2024 | Date of signature for the Form 4 filing. |
| 08/25/2032 | Expiration date for stock options priced at $28.83. |
| 08/25/2033 | Expiration date for stock options priced at $25.79. |
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