STOCK TITAN

Weyco (NASDAQ: WEYS) VP exercises options, uses 3,567 shares for taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

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 Flannery Brian
Role VP, PRESIDENT - STACY ADAMS
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 -- -- --
Holdings After Transaction: Common Stock — 41,760 shares (Direct, null); Stock Option — 1,201 shares (Direct, null)
Footnotes (1)
  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
Options exercised at $18 6,000 shares at $18.00 Common stock acquired via option exercise
Options exercised at $24 1,200 shares at $24.00 Common stock acquired via option exercise
Tax-withholding shares 3,567 shares at $39.89 Shares delivered for tax/exercise obligations
Shares held after 42,960 shares Direct WEYS common stock ownership post-transaction
Remaining option strike $25.79 exercise price Stock option expiring 2033-08-25
Remaining option strike $28.83 exercise price Stock option expiring 2032-08-25
Remaining option strike $24.00 exercise price Stock option expiring 2031-08-25
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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description": "Payment of exercise price or tax liability by delivering securities""
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FAQ

What did WEYS executive Brian Flannery report in this Form 4?

Brian Flannery reported exercising stock options for WEYS shares and a related tax-withholding share disposition. He converted options into 7,200 common shares and used 3,567 shares to cover exercise or tax obligations, all as part of routine equity compensation activity.

How many WEYS shares did Brian Flannery acquire through option exercises?

He acquired 6,000 WEYS common shares at $18.00 per share and 1,200 shares at $24.00 per share. These derivative exercises converted existing stock options into common stock rather than representing open-market purchases on an exchange.

What is the 3,567-share WEYS transaction in Brian Flannery's Form 4?

The 3,567-share transaction is an F-code tax-withholding disposition at $39.89 per share. Shares were delivered to cover exercise price or tax liabilities, so this is not a discretionary open-market sale but a mechanistic part of option exercise settlement.

How many WEYS shares does Brian Flannery hold after these transactions?

After these transactions, Brian Flannery directly owned 42,960 shares of WEYS common stock. This figure reflects his position following the option exercises and the tax-withholding share disposition reported in the Form 4 filing.

What stock options does Brian Flannery still hold in WEYS?

He retains stock options over WEYS common shares with exercise prices of $24.00, $25.79, and $28.83. These options vest 20% per year over several years and expire between 2031 and 2033, supporting long-term equity alignment.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Flannery Brian

(Last)(First)(Middle)
333 W. ESTABROOK BOULEVARD

(Street)
GLENDALE WISCONSIN 53212

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
WEYCO GROUP INC [ WEYS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
VP, PRESIDENT - STACY ADAMS
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/02/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock07/02/2026M6,000A$1841,760D
Common Stock07/02/2026M1,200A$2442,960D
Common Stock07/02/2026F3,567D$39.8939,393D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option$2408/25/2022(1)08/25/2031Common Stock1,2011,201D
Stock Option$28.8308/25/2023(2)08/25/2032Common Stock2,3412,341D
Stock Option$25.7908/25/2024(3)08/25/2033Common Stock3,9003,900D
Explanation of Responses:
1. 20% per year for 5 years beginning 08/25/2022
2. 20% per year for 5 years beginning 08/25/2023
3. 20% per year for 4 years beginning 08/25/2024
/s/ Brian Flannery07/02/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)