Form 4: Weyco Group Inc. Executive John W. Florsheim Reports Changes in Beneficial Ownership
SEC Filing
John W. Florsheim, President and COO of Weyco Group Inc., filed a Form 4 disclosing the acquisition of 14,530 shares of common stock at $0 and various stock option holdings.
Summary
- On September 23, 2024, John W. Florsheim, the President and COO of Weyco Group Inc., filed a Form 4 with the SEC.
- The filing reports the acquisition of 14,530 shares of common stock at a price of $0.
- Following the transaction, Florsheim directly owns 377,516 shares of common stock.
- Florsheim also indirectly owns shares through various trusts and as a trustee for children, totaling 656,212 shares.
- The filing also details Florsheim's holdings of stock options with various exercise prices and expiration dates.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing showing insider transactions. The acquisition of shares could be seen as slightly positive, but it's not a strong indicator.
Positives
- The acquisition of shares by the President and COO could be interpreted as a positive signal about the company's prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders.
Stakeholder Impact
- The filing provides shareholders with information about insider trading activity, which can influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 08/25/2018 | Date from which stock options at $27.94 vest at 20% per year for 5 years. |
| 08/23/2019 | Date from which stock options at $37.22 vest at 20% per year for 5 years. |
| 08/14/2020 | Date from which stock options at $23.38 vest at 20% per year for 5 years. |
| 08/26/2021 | Date from which stock options at $18 vest at 20% per year for 5 years. |
| 08/25/2022 | Date from which stock options at $24 vest at 20% per year for 5 years. |
| 08/25/2023 | Date from which stock options at $28.83 vest at 20% per year for 5 years. |
| 08/25/2024 | Date from which stock options at $25.79 vest at 20% per year for 4 years and date of transaction. |
| 08/25/2027 | Expiration date for stock options at $27.94. |
| 08/23/2028 | Expiration date for stock options at $37.22. |
| 08/14/2029 | Expiration date for stock options at $23.38. |
| 08/26/2030 | Expiration date for stock options at $18. |
| 08/25/2031 | Expiration date for stock options at $24. |
| 08/25/2032 | Expiration date for stock options at $28.83. |
| 08/25/2033 | Expiration date for stock options at $25.79. |
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