WEYS Insider Filing: Combs Reports Equity Award and Options Detail

Rhea-AI Filing Summary

Dustin Combs, Vice President and President of Bogs & Rafters at Weyco Group Inc. (WEYS), reported acquiring 1,695 shares of WEYS common stock on 08/25/2025 at a reported price of $0, bringing his beneficial ownership of common stock to 4,395 shares. The Form 4 also lists outstanding stock options exercisable into common stock: 1,200 shares at $18 (granted 08/26/2021, expiring 08/26/2030), 2,401 at $24 (08/25/2022, expiring 08/25/2031), 2,341 at $28.83 (08/25/2023, expiring 08/25/2032) and 3,121 at $25.79 (08/25/2024, expiring 08/25/2033). Each option grant vests 20% per year for five years from its grant date. The disclosure is a routine insider stock grant/award filing reflecting equity compensation and resulting ownership totals.

Positive

• Equity alignment: Reporting person increased direct common stock holdings to 4,395 shares, aligning management and shareholder interests
• Structured vesting: Option grants vest at 20% per year for five years, promoting retention and long-term incentive alignment

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine insider equity grant increases reported share ownership; option portfolio remains concentrated with multi-year vesting schedules.

The transaction is reported as an acquisition of 1,695 shares at $0, consistent with an equity award rather than an open-market purchase. Post-transaction, common shares beneficially owned are 4,395. The reporting person holds four option tranches totaling 9,063 option shares with strike prices from $18.00 to $28.83 and staggered expirations through 2033. Vesting is structured at 20% per year for five years from each grant date, which staggers potential dilution and aligns executive incentives with multi-year performance. For most investors, this filing signals standard executive compensation activity rather than a material corporate development.

Corporate Governance Expert

TL;DR: Governance signal: equity-based pay with standard multi-year vesting; no departures or unusual related-party terms disclosed.

The Form 4 shows a grant-like acquisition and detailed option grants with customary five-year vesting schedules, indicating retention-focused compensation. There are no disclosed related-party transactions, loans, amendments, or policy waivers. The absence of cash purchase price and the presence of multiple option vintages is typical for executive pay programs. From a governance perspective, this filing documents alignment of the executive with shareholder interests through equity ownership while highlighting potential future dilution as options vest and are exercised.

SEC Form 4

FORM 4

UNITED 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^*

Combs Dustin

(Last) (First) (Middle)

333 W. ESTABROOK BOULEVARD

(Street)

GLENDALE WI 53212

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
WEYCO GROUP INC [ WEYS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP, PRESIDENT - BOGS & RAFTERS

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/25/2025		A		1,695	A	$0	4,395	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option	$18							08/26/2021(1)	08/26/2030	Common Stock	1,200		1,200	D
Stock Option	$24							08/25/2022(2)	08/25/2031	Common Stock	2,401		2,401	D
Stock Option	$28.83							08/25/2023(3)	08/25/2032	Common Stock	2,341		2,341	D
Stock Option	$25.79							08/25/2024(4)	08/25/2033	Common Stock	3,121		3,121	D

Explanation of Responses:

1. 20% per year for 5 years beginning 08/26/2021

2. 20% per year for 5 years beginning 08/25/2022

3. 20% per year for 5 years beginning 08/25/2023

4. 20% per year for 5 years beginning 08/25/2024

	/s/ Dustin Combs	08/27/2025
	** Signature of Reporting Person	Date
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.

FAQ

What did Dustin Combs report on the Form 4 for WEYS?

He reported acquiring 1,695 shares on 08/25/2025 at a reported price of $0, resulting in 4,395 beneficially owned common shares.

How many stock options does Dustin Combs hold and what are the strike prices?

He holds option tranches covering 1,200 shares at $18.00, 2,401 at $24.00, 2,341 at $28.83, and 3,121 at $25.79.

What are the vesting schedules and expirations for the options?

Each option grant vests 20% per year for five years from its grant date; expirations range from 08/26/2030 to 08/25/2033 depending on grant.

Does the Form 4 indicate any purchases or sales at market price?

No; the reported acquisition lists a price of $0, consistent with an equity award rather than an open-market transaction.

Is this Form 4 a material corporate event for WEYS?

The filing documents routine insider equity compensation and vesting schedules; the experts rate the impact as neutral (routine, non-material disclosure).