Weyco (WEYS) CEO gifts 1,500 shares and reports large holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WEYCO GROUP INC Chairman & CEO Thomas W. Florsheim Jr. reported a Form 4 showing a bona fide gift of 1,500 shares of common stock at a reported price of $0.0000 per share. After this gift, he directly holds 807,237 shares of common stock.
The filing also lists indirect holdings of common stock held as trustee of the John Florsheim Family Trust (221,873 shares), as trustee for children (268,779 shares), and by his wife (52,113 shares. In addition, he holds several stock option awards covering underlying common shares at exercise prices between $18.00 and $37.22 with expirations from 2028 to 2033.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,500 shares gifted
Mixed
9 txns
Insider
FLORSHEIM THOMAS W JR
Role
CHAIRMAN & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 1,500 | $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 — 807,237 shares (Direct, null);
Stock Option — 8,000 shares (Direct, null);
Common Stock — 52,113 shares (Indirect, By Wife)
Footnotes (1)
- 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
Gifted shares: 1,500 shares
Direct holdings after transaction: 807,237 shares
Family Trust indirect holdings: 221,873 shares
+5 more
8 metrics
Gifted shares
1,500 shares
Common Stock bona fide gift, transaction code G
Direct holdings after transaction
807,237 shares
Common Stock directly held after gift
Family Trust indirect holdings
221,873 shares
Common Stock as Trustee of John Florsheim Family Trust
Children’s trust indirect holdings
268,779 shares
Common Stock as Trustee for Children
Spousal indirect holdings
52,113 shares
Common Stock held by wife
Option at $24.00
10,000 underlying shares
Stock Option, exercise price $24.0000, expires 2031-08-25
Option at $18.00
10,000 underlying shares
Stock Option, exercise price $18.0000, expires 2030-08-26
Option at $37.22
8,000 underlying shares
Stock Option, exercise price $37.2200, expires 2028-08-23
Key Terms
bona fide gift, Stock Option, indirect, exercise price, +1 more
5 terms
bona fide gift financial
"transaction code description is listed as "Bona fide gift""
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 shown as "Stock Option" for multiple entries"
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 financial
"ownership_type is described as "indirect" for several common stock holdings"
exercise price financial
"conversion_or_exercise_price fields show values like "24.0000" and "18.0000""
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.
expiration date financial
"expiration_date fields include dates such as "2033-08-25T00:00:00.000Z""
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
What insider transaction did WEYS CEO Thomas Florsheim Jr. report?
Thomas W. Florsheim Jr. reported a bona fide gift of 1,500 shares of WEYCO GROUP INC common stock. The transaction is coded “G” on Form 4, indicating a gift transfer rather than an open-market sale or purchase.
Is the WEYS CEO’s Form 4 transaction a sale or a gift?
The Form 4 transaction is a gift, not a sale. It carries transaction code “G,” described as a “bona fide gift,” meaning shares were transferred without consideration rather than sold in the open market.
Does the Form 4 show any WEYS stock purchases or sales by the CEO?
The Form 4 does not show open-market purchases or sales for Thomas W. Florsheim Jr. It reports one bona fide gift of 1,500 common shares and several holding entries summarizing existing stock and stock option positions.