Weyco CEO updates trust holdings on Form 4
WEYCO GROUP INC chairman and CEO Thomas W. Florsheim Jr. filed a Form 4 mainly to update his holdings and report a trust restructuring.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 94,619 | $0.00 | $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 | -- | -- | -- |
Footnotes (6)
- F1. Shares transferred from the closed trust to Thomas W. Florsheim's (Father) revocable trust in accordance with the terms of the related trust.
- F2. 20% per year for 5 years beginning 08/23/2019
- F3. 20% per year for 5 years beginning 08/26/2021
- F4. 20% per year for 5 years beginning 08/25/2022
- F5. 20% per year for 5 years beginning 08/25/2023
- F6. 20% per year for 5 years beginning 08/25/2024
Key Figures
Key Terms
Stock Option financial
Irrevocable Trust financial
indirect ownership financial
underlying security financial
transaction code J financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Weyco (WEYS) CEO Thomas W. Florsheim Jr. report on this Form 4?
What stock options for Weyco (WEYS) does Thomas W. Florsheim Jr. retain?
Do the Weyco (WEYS) options in this Form 4 have vesting schedules?
AI-generated analysis. How Rhea-AI works. Not financial advice.