378,476 Weyco (WEYS) shares moved into Thomas Florsheim revocable trust
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WEYCO GROUP INC director Thomas W. Florsheim reported a restructuring of his family holdings in company stock. A Form 4 entry shows 378,476 shares of Common Stock moved at $0.00 per share into a revocable trust, following the closure of related children’s trusts.
After this transfer, the filing reports 932,649 shares held indirectly in the revocable trust, 77,688 shares held indirectly by his wife, and 3,880 shares held directly. Florsheim also continues to hold several stock option awards on Weyco common stock with exercise prices between $18.00 and $37.22 and expirations from 2027 through 2033.
Positive
- None.
Negative
- None.
Insider Trade Summary
10 transactions reported
Mixed
10 txns
Insider
FLORSHEIM THOMAS W
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 378,476 | $0.00 | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 932,649 shares (Indirect, Held in Revocable Trust);
Stock Option — 3,500 shares (Direct, null);
Common Stock — 3,880 shares (Direct, null)
Footnotes (1)
- Shares transferred from the children's closed trusts to his revocable trusts in accordance with the terms of the related trusts. 20% per year for 5 years beginning 08/25/2018 20% per year for 5 years beginning 08/23/2019 20% per year for 5 years beginning 08/14/2020 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: 378,476 shares
Revocable trust holdings: 932,649 shares
Spousal indirect holdings: 77,688 shares
+4 more
7 metrics
Trust transfer
378,476 shares
Common Stock moved to revocable trust at $0.00 per share
Revocable trust holdings
932,649 shares
Common Stock held indirectly after restructuring
Spousal indirect holdings
77,688 shares
Common Stock held indirectly by wife
Direct common stock
3,880 shares
Common Stock held directly after transaction
Option at $25.79
3,500 underlying shares
Stock option, expires 2033-08-25
Option at $18.00
3,500 underlying shares
Stock option, expires 2030-08-26
Option at $37.22
2,000 underlying shares
Stock option, expires 2028-08-23
Key Terms
Revocable Trust, Stock Option, indirect, transaction code J, +1 more
5 terms
Revocable Trust financial
"Held in Revocable Trust"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
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.
indirect financial
"ownership_type": "indirect""
transaction code J regulatory
"transaction_code": "J""
Other acquisition or disposition regulatory
"transaction_code_description": "Other acquisition or disposition""
FAQ
What insider transaction did WEYCO GROUP INC (WEYS) report for Thomas W. Florsheim?
The filing reports a restructuring transaction moving 378,476 WEYCO GROUP INC common shares into Florsheim’s revocable trust. This reflects a change in how family holdings are organized rather than a market purchase or sale of shares.
What stock option positions does Thomas W. Florsheim hold in WEYCO GROUP INC (WEYS)?
The filing lists several stock options on WEYCO GROUP INC common stock, including grants over 3,500 underlying shares at exercise prices like $25.79, $28.83, $24.00, and $18.00, with expiration dates ranging from 2027 through 2033, reflecting ongoing equity-based incentives.
Does this WEYCO GROUP INC (WEYS) Form 4 indicate active buying or selling by Thomas W. Florsheim?
The Form 4 centers on a code J “other” transaction that restructures trust holdings, not an open-market buy or sell. Transaction summaries show no net buying or selling shares, highlighting the administrative nature of this ownership change.