Form 4: Weyco Group VP Kevin Schiff Reports Acquisition of Common Stock
SEC Form 4
Kevin Schiff, VP and President of Florsheim at Weyco Group Inc., reports acquiring 1,450 shares of common stock.
Summary
- On August 26, 2024, Kevin Schiff, VP and President of Florsheim at Weyco Group Inc., acquired 1,450 shares of common stock at $0.
- Following the transaction, Schiff directly owns 23,816 shares of Weyco Group Inc.
- Schiff also holds options to purchase shares of common stock at prices ranging from $18 to $37.22, which vest over time.
Sentiment
Score: 6
Explanation: Neutral sentiment. The filing simply reports a transaction. The acquisition of shares by an officer is generally viewed as a positive sign, but without additional context, it's difficult to assess the overall impact.
Positives
- The acquisition of shares by a company officer can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Investors often monitor these filings to gauge sentiment and potential future performance.
Stakeholder Impact
- The acquisition of shares by a company officer can positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 08/23/2019 | Start date for vesting of stock options at $37.22 (20% per year for 5 years) |
| 08/14/2020 | Start date for vesting of stock options at $23.38 (20% per year for 5 years) |
| 08/26/2021 | Start date for vesting of stock options at $18 (20% per year for 5 years) |
| 08/25/2022 | Start date for vesting of stock options at $24 (20% per year for 5 years) |
| 08/25/2023 | Start date for vesting of stock options at $28.83 (20% per year for 5 years) |
| 08/25/2024 | Start date for vesting of stock options at $25.79 (20% per year for 5 years) |
| 08/26/2024 | Date of the reported transaction: acquisition of 1,450 shares of common stock |
| 08/28/2024 | Date of the report filing |
| 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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