FLORSHEIM THOMAS W 4
Research Summary
AI-generated summary
Weyco (WEYS) Director Thomas Florsheim Acquires 378,476 Shares
What Happened
Thomas W. Florsheim, a director of Weyco Group, reported an other acquisition/disposition on 2026-05-08: 378,476 Weyco shares were moved into his revocable trusts with a reported price of $0.00 (transfer between related trusts). This was a non‑market transfer (not a purchase or sale) and involved no cash consideration.
Key Details
- Transaction date: 2026-05-08 (reported on Form 4 filed 2026-05-11).
- Transaction type/code: Other acquisition/disposition (code J) — transfer between related trusts.
- Shares transferred: 378,476; reported price: $0.00 (no cash exchanged).
- Shares owned after transaction: not specified in the filing.
- Footnote F1: Shares were transferred from the children's closed trusts to his revocable trusts in accordance with the related trusts' terms.
- Footnotes F2–F8: Describe vesting schedules for certain awards (20% per year for 5 years beginning on various dates).
- Filing timeliness: filing date is 2026-05-11; the Form 4 lists the 2026-05-08 transaction date (filing timeliness not marked as late in the provided data).
Context: This was an internal trust transfer among related parties, not an open-market buy or sale. Such transfers generally reflect estate/wealth-management actions and do not necessarily signal insider sentiment about the company's outlook.