Trust shift moves 94,619 Weyco (WEYS) shares in CEO Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WEYCO GROUP INC chairman and CEO Thomas W. Florsheim Jr. filed a Form 4 mainly to update his holdings and report a trust restructuring. An entity labeled “2018 Irrevocable Trust” transferred 94,619 shares of common stock to a revocable trust for his father, leaving that trust with zero shares.
As of the transaction date, he is reported as holding 808,737 common shares directly, plus indirect interests including 221,873 shares as trustee of the John Florsheim Family Trust, 268,779 shares as trustee for children, and 52,113 shares held by his wife. He also has several stock option awards on common stock with exercise prices between $18.0000 and $37.2200 expiring between 2028 and 2033. The filing shows no open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
10 transactions reported
Mixed
10 txns
Insider
FLORSHEIM THOMAS W JR
Role
CHAIRMAN & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 94,619 | $0.00 | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 0 shares (Indirect, Held in 2018 Irrevocable Trust);
Stock Option — 8,000 shares (Direct, null);
Common Stock — 808,737 shares (Direct, null)
Footnotes (1)
- Shares transferred from the closed trust to Thomas W. Florsheim's (Father) revocable trust in accordance with the terms of the related trust. 20% per year for 5 years beginning 08/23/2019 20% per year for 5 years beginning 08/26/2021 20% per year for 5 years beginning 08/25/2022 20% per year for 5 years beginning 08/25/2023 20% per year for 5 years beginning 08/25/2024
Key Figures
Trust transfer: 94,619 shares
Direct common stock: 808,737 shares
Family Trust holding: 221,873 shares
+4 more
7 metrics
Trust transfer
94,619 shares
Common stock moved from 2018 Irrevocable Trust; post-transfer balance 0
Direct common stock
808,737 shares
Directly held common stock as of 2026-05-08
Family Trust holding
221,873 shares
Common stock as trustee of John Florsheim Family Trust
Children’s trust holding
268,779 shares
Common stock as trustee for children
Spousal holding
52,113 shares
Common stock held by wife, reported as indirect ownership
Option strike price
$18.0000/share
Stock option on common stock expiring 2030-08-26
Option strike price
$37.2200/share
Stock option on common stock expiring 2028-08-23
Key Terms
Stock Option, Irrevocable Trust, indirect ownership, underlying security, +1 more
5 terms
Stock Option financial
"security_title": "Stock Option""
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.
Irrevocable Trust financial
"nature_of_ownership": "Held in 2018 Irrevocable Trust""
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
indirect ownership financial
""ownership_type": "indirect""
underlying security financial
""underlying_security_title": "Common Stock""
transaction code J financial
""transaction_code": "J""
FAQ
What did Weyco (WEYS) CEO Thomas W. Florsheim Jr. report on this Form 4?
He reported a restructuring transfer of 94,619 Weyco common shares from a closed 2018 irrevocable trust to his father’s revocable trust, and updated his direct, family, and trust holdings without any open-market stock purchases or sales.
What stock options for Weyco (WEYS) does Thomas W. Florsheim Jr. retain?
He retains several direct stock option grants on Weyco common stock, including options with exercise prices of $18.0000, $24.0000, $25.7900, $28.8300, and $37.2200 per share, with expiration dates ranging from August 23, 2028, to August 25, 2033.
Do the Weyco (WEYS) options in this Form 4 have vesting schedules?
Footnotes state certain options vest 20% per year over five years, beginning on dates including August 23, 2019, August 26, 2021, August 25, 2022, August 25, 2023, and August 25, 2024, defining when portions of each grant become exercisable.