Weyco CEO gifts 1,500 company shares
Weyco Group’s chairman and CEO Thomas W. Florsheim Jr. reported a bona fide gift of 1,500 shares of common stock, leaving him with 805,737 directly held shares.
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Form Type
4
Rhea-AI Filing Summary
Weyco Group’s chairman and CEO Thomas W. Florsheim Jr. reported a bona fide gift of 1,500 shares of common stock, leaving him with 805,737 directly held shares. The filing also lists indirect common stock holdings through family trusts and his spouse, plus several stock option awards with exercise prices between $18.00 and $37.22 expiring between 2028 and 2033.
Insider Trade Summary
1,500 shares gifted
Gift
9 txns
Insider
FLORSHEIM THOMAS W JR
Role
CHAIRMAN & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 1,500 | $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 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 805,737 shares (Direct);
Stock Option — 42,000 contracts (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 (5)
- F1. 20% per year for 5 years beginning 08/23/2019
- F2. 20% per year for 5 years beginning 08/26/2021
- F3. 20% per year for 5 years beginning 08/25/2022
- F4. 20% per year for 5 years beginning 08/25/2023
- F5. 20% per year for 5 years beginning 08/25/2024
Key Figures
Gifted shares: 1,500 shares
Direct holdings after gift: 805,737 shares
Family trust holdings: 221,873 shares
+5 more
8 metrics
Gifted shares
1,500 shares
Bona fide gift of common stock
Direct holdings after gift
805,737 shares
Common stock directly held after transaction
Family trust holdings
221,873 shares
Indirect common stock as Trustee of John Florsheim Family Trust
Children’s trust holdings
268,779 shares
Indirect common stock as Trustee for Children
Spouse holdings
52,113 shares
Indirect common stock held by wife
Option at $18.00
10,000 underlying shares
Stock option, $18.00 exercise price, expires 2030-08-26
Option at $24.00
10,000 underlying shares
Stock option, $24.00 exercise price, expires 2031-08-25
Option at $37.22
8,000 underlying shares
Stock option, $37.22 exercise price, expires 2028-08-23
Key Terms
bona fide gift, Stock Option, indirect ownership, exercise price, +1 more
5 terms
bona fide gift financial
"transaction code description is "Bona fide gift" for the 1,500-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 is "Stock Option" for several derivative holdings with exercise prices"
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 is "indirect" for shares held as trustee and by wife"
exercise price financial
"conversion_or_exercise_price fields such as 18.0000 and 37.2200 per share"
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.
expiration date financial
"expiration_date fields show option expirations between 2028-08-23 and 2033-08-25"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did WEYCO GROUP INC (WEYS) report in this Form 4?
WEYCO GROUP INC reported that chairman and CEO Thomas W. Florsheim Jr. made a bona fide gift of 1,500 shares of common stock. After the gift, he directly holds 805,737 shares, according to the Form 4 disclosure.
Does the WEYS Form 4 show indirect ownership for Thomas W. Florsheim Jr.?
Yes. The Form 4 shows indirect ownership of WEYS common stock as trustee of the John Florsheim Family Trust, as trustee for children, and through his wife. These entries reflect shares held for family-related accounts rather than only in his own name.
What stock options for WEYCO GROUP INC (WEYS) are reported for Thomas W. Florsheim Jr.?
The filing lists several WEYS stock option awards with exercise prices of $18.00, $24.00, $25.79, $28.83, and $37.22 per share. These options cover underlying common shares and have expiration dates ranging from 2028 to 2033.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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