Form 4: Weyco Group VP, Marketing, Jeffrey S. Douglass, Reports Acquisition and Disposal of Common Stock
SEC Form 4
Jeffrey S. Douglass, VP of Marketing at Weyco Group Inc., reports acquiring 1,450 shares of common stock and disposing of 5,725 shares on August 26, 2024.
Summary
- On August 26, 2024, Jeffrey S. Douglass, VP of Marketing at Weyco Group Inc., acquired 1,450 shares of common stock.
- The same day, Douglass disposed of 5,725 shares of common stock.
- Following these transactions, Douglass directly owns 5,725 shares of Weyco Group Inc.
- Douglass also holds multiple stock options with varying exercise prices and expiration dates.
- These options vest annually over a five-year period.
Sentiment
Score: 5
Explanation: This is a neutral report on insider trading activity, with no inherent positive or negative implications.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the buying and selling activities of company executives.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company insiders as an indicator of management's confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 08/23/2019 | Start date for 20% annual vesting of stock options at $37.22. |
| 08/14/2020 | Start date for 20% annual vesting of stock options at $23.38. |
| 08/26/2021 | Start date for 20% annual vesting of stock options at $18. |
| 08/25/2022 | Start date for 20% annual vesting of stock options at $24. |
| 08/25/2023 | Start date for 20% annual vesting of stock options at $28.83. |
| 08/25/2024 | Start date for 20% annual vesting of stock options at $25.79. |
| 08/26/2024 | Date of common stock acquisition and disposition. |
| 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. |
| 08/28/2024 | Date of signature for the report. |
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