WEYS Form 4/A: Insider Acquisition Corrected from 3,100 to 3,095 Shares
Rhea-AI Filing Summary
Weyco Group insider amendment: This amended Form 4 corrects an earlier report of shares acquired by Thomas W. Florsheim Jr., Chairman & CEO and director. The transaction on 08/25/2025 was an acquisition of 3,095 shares (previously reported as 3,100 in error) at a reported price of $0. After the corrected transaction, Mr. Florsheim is shown as beneficially owning 809,511 shares. The amendment states it was filed solely to correct the amount acquired.
Positive
- Correction improves transparency and reporting accuracy by amending the previously misstated number of shares acquired
- Reporting person remains compliant with Section 16 disclosure through filing an amendment
Negative
- None.
Insights
TL;DR: Small, technical correction to an insider acquisition; no material change to ownership stake.
The amendment revises the number of shares acquired from 3,100 to 3,095, a difference of five shares representing a de minimis change relative to the reported post-transaction holding of 809,511 shares. The reported acquisition price of $0 suggests the shares were granted or transferred rather than purchased for cash; however, the form only states the price as $0 without additional context. For investors, this amendment improves reporting accuracy but does not alter the economic position or control exercised by the reporting person.
TL;DR: Filing corrects a clerical error; reflects adherence to Section 16 reporting obligations.
The amendment indicates the company and reporting person are maintaining compliance by correcting an immaterial numeric error in previously filed Form 4 data. The nature of the change—five shares—suggests a clerical miscount rather than a substantive disclosure issue. This corrective filing reduces potential compliance risk associated with inaccurate insider transaction reports.
FAQ
What did the Weyco Group (WEYS) amended Form 4 correct?
Who filed the corrected Form 4 for WEYS?
How many shares does Thomas W. Florsheim Jr. beneficially own after the corrected transaction?
What was the reported price for the shares acquired in the WEYS transaction?
Does this amendment indicate a material change to insider ownership or control?