Form 4: Weyco Group VP Katherine Destinon Reports Stock Acquisition and Option Holdings
SEC Form 4
Katherine Destinon, VP and President of Nunn Bush at Weyco Group Inc., reports acquiring 1,450 shares of common stock and holding multiple stock options.
Summary
- Katherine Destinon, a VP at Weyco Group Inc., filed a Form 4 detailing changes in her beneficial ownership of the company's securities.
- On August 26, 2024, she acquired 1,450 shares of common stock.
- She also holds several stock options with varying exercise prices and expiration dates.
- These options were granted between 2019 and 2024 and vest over a 5-year period from their respective grant dates.
- Following the reported transaction, Destinon directly owns 5,239 shares of Weyco Group Inc. common stock.
Sentiment
Score: 6
Explanation: Neutral sentiment. The document simply reports insider trading activity, which can be interpreted as slightly positive due to the insider's confidence, but it's not a major event.
Positives
- The acquisition of shares by a company insider can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.
Stakeholder Impact
- Shareholders may view the insider's stock acquisition as a positive signal.
Key Dates
| Date | Description |
|---|---|
| 08/23/2019 | Date of first stock option grant with exercise price of $37.22, vesting 20% per year for 5 years. |
| 08/14/2020 | Date of second stock option grant with exercise price of $23.38, vesting 20% per year for 5 years. |
| 08/26/2021 | Date of third stock option grant with exercise price of $18, vesting 20% per year for 5 years. |
| 08/25/2022 | Date of fourth stock option grant with exercise price of $24, vesting 20% per year for 5 years. |
| 08/25/2023 | Date of fifth stock option grant with exercise price of $28.83, vesting 20% per year for 5 years. |
| 08/25/2024 | Date of sixth stock option grant with exercise price of $25.79, vesting 20% per year for 5 years. |
| 08/26/2024 | Date of common stock acquisition. |
| 08/28/2024 | Date of Form 4 filing. |
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