Weyco (NASDAQ: WEYS) VP exercises options, uses 3,567 shares for taxes
Rhea-AI Filing Summary
WEYCO GROUP INC executive Brian Flannery reported routine equity compensation activity involving company stock and stock options. He exercised stock options to acquire 6,000 shares of common stock at $18.00 per share and 1,200 shares at $24.00 per share. To cover tax obligations, 3,567 shares of common stock were disposed of at $39.89 per share through a tax-withholding transaction, which is not an open-market sale. Following these transactions, he directly held 42,960 shares of common stock. He also retained stock options over additional common shares with exercise prices of $24.00, $25.79, and $28.83, vesting 20% per year over several years and expiring between 2031 and 2033.
Positive
- None.
Negative
- None.
Insights
Routine option exercises with tax withholding; no open-market buying or selling.
Brian Flannery, a vice president at WEYCO GROUP INC, exercised stock options to acquire 6,000 shares at $18.00 and 1,200 shares at $24.00. These M-code transactions reflect conversion of existing option awards into common stock, not new open-market purchases.
An F-code transaction shows 3,567 shares disposed of at $39.89 to satisfy tax or exercise obligations, a standard mechanism rather than a discretionary sale. After these moves, he held 42,960 common shares and maintained several option grants expiring between 2031 and 2033, indicating an ongoing equity stake tied to future company performance.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock | 6,000 | $18.00 | $108K |
| Exercise | Common Stock | 1,200 | $24.00 | $29K |
| Tax Withholding | Common Stock | 3,567 | $39.89 | $142K |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
Footnotes (1)
- 20% per year for 5 years beginning 08/25/2022 20% per year for 5 years beginning 08/25/2023 20% per year for 4 years beginning 08/25/2024