Form 4: Weyco Group VP Exercises Stock Options and Disposes of Shares
SEC Form 4
George Sotiros, VP of Information Systems at Weyco Group Inc., exercised stock options and disposed of shares on November 7, 2024.
Summary
- On November 7, 2024, George Sotiros, VP of Information Systems at Weyco Group Inc. (WEYS), exercised stock options and disposed of shares.
- The transactions involved the exercise of options at prices ranging from $18 to $37.22.
- Sotiros acquired a total of 28,237 shares through option exercises.
- Following these transactions, Sotiros directly owns 46,785 shares of Weyco Group Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard disclosure of stock option exercises and share disposals. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for signals about management's confidence in the company's prospects.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but it's unlikely to be significant given the size of the transactions relative to the company's overall market capitalization.
Key Dates
| Date | Description |
|---|---|
| 08/25/2018 | Start date for 20% per year vesting of stock options for 5 years. |
| 08/23/2019 | Start date for 20% per year vesting of stock options for 5 years. |
| 08/14/2020 | Start date for 20% per year vesting of stock options for 5 years. |
| 08/26/2021 | Start date for 20% per year vesting of stock options for 5 years. |
| 08/25/2022 | Start date for 20% per year vesting of stock options for 5 years. |
| 08/25/2023 | Start date for 20% per year vesting of stock options for 5 years. |
| 08/25/2024 | Start date for 20% per year vesting of stock options for 5 years. |
| 11/07/2024 | Date of stock option exercise and share disposal. |
| 11/12/2024 | Date of Form 4 filing. |
| 08/25/2027 | Expiration date of stock options. |
| 08/23/2028 | Expiration date of stock options. |
| 08/14/2029 | Expiration date of stock options. |
| 08/26/2030 | Expiration date of stock options. |
| 08/25/2031 | Expiration date of stock options. |
| 08/25/2032 | Expiration date of stock options. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.