Weyco Group (WEYS) CEO Florsheim reports bona fide gift and large holdings
Rhea-AI Filing Summary
WEYCO GROUP INC chairman and CEO Thomas W. Florsheim Jr. reported a Form 4 showing a bona fide gift of 1,150 shares of common stock on 2026-08-10. Following this gift, he directly holds 808,714 shares of common stock. He also reports indirect ownership of common stock, including 52,113 shares held by his wife, 268,779 shares held as trustee for his children, and 221,873 shares held as trustee of the John Florsheim Family Trust. In addition, he holds stock options on common stock covering 10,000 shares at $24.00 expiring 2031-08-25, 7,000 shares at $28.83 expiring 2032-08-25, and 7,000 shares at $25.79 expiring 2033-08-25, each vesting 20% per year over five years from the respective start dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,150 shares
Net Sell
7 txns
Insider
FLORSHEIM THOMAS W JR
Role
CHAIRMAN & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 1,150 | $0.00 | $0.00 |
| holding | Stock Option F1 | -- | -- | -- |
| holding | Stock Option F2 | -- | -- | -- |
| holding | Stock Option F3 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 808,714 shares (Direct);
Stock Option — 24,000 shares (Direct);
Common Stock — 52,113 shares (Indirect, By Wife);
Common Stock — 268,779 shares (Indirect, As Trustee for Children);
Common Stock — 221,873 shares (Indirect, As Trustee of John Florsheim Family Trust)
Footnotes (3)
- F1. 20% per year for 5 years beginning 08/25/2022
- F2. 20% per year for 5 years beginning 08/25/2023
- F3. 20% per year for 5 years beginning 08/25/2024
Key Figures
Gifted shares: 1,150 shares of common stock
Direct holdings after transaction: 808,714 shares of common stock
Indirect holdings by wife: 52,113 shares of common stock
+5 more
8 metrics
Gifted shares
1,150 shares of common stock
Bona fide gift reported on 2026-08-10
Direct holdings after transaction
808,714 shares of common stock
Direct ownership following the 1,150-share gift
Indirect holdings by wife
52,113 shares of common stock
Indirect ownership classified as "By Wife"
Indirect holdings as trustee for children
268,779 shares of common stock
Indirect ownership as trustee for children
Indirect holdings as family trust trustee
221,873 shares of common stock
Indirect ownership as trustee of John Florsheim Family Trust
Stock option 1
10,000 underlying shares at $24.00
Stock option on common stock expiring 2031-08-25
Stock option 2
7,000 underlying shares at $28.83
Stock option on common stock expiring 2032-08-25
Stock option 3
7,000 underlying shares at $25.79
Stock option on common stock expiring 2033-08-25
Key Terms
Bona fide gift, Stock Option, indirect ownership, exercise price, +1 more
5 terms
Bona fide gift regulatory
"transaction_code_description states "Bona fide gift" for the 1,150-share transfer"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Stock Option financial
"security_title lists "Stock Option" with underlying common stock shares"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
indirect ownership financial
"ownership_type shows indirect ownership "By Wife" and as trustee for beneficiaries"
exercise price financial
"conversion_or_exercise_price shows option exercise price such as 24.0000"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vesting financial
"footnotes describe options vesting 20% per year for 5 years"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did WEYS chairman Thomas W. Florsheim Jr. report?
Thomas W. Florsheim Jr. reported a bona fide gift of 1,150 shares of WEYCO GROUP INC common stock on 2026-08-10. The transaction carried no per-share price, reflecting its classification as a gift rather than a market trade.
What stock options on WEYS does Thomas W. Florsheim Jr. hold?
He holds stock options on WEYS common stock for 10,000 shares at $24.00 expiring 2031-08-25, 7,000 shares at $28.83 expiring 2032-08-25, and 7,000 shares at $25.79 expiring 2033-08-25, all reported as directly owned.
How do the WEYS stock options for Thomas W. Florsheim Jr. vest?
Each option grant vests 20% per year for 5 years, beginning 08/25/2022, 08/25/2023, and 08/25/2024 respectively. These vesting schedules are disclosed in the footnotes to the Form 4 filing.
Was the WEYS insider transaction part of a 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not checked for this filing. There is no footnote stating that the bona fide gift of 1,150 shares occurred under a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
