FLORSHEIM THOMAS W JR 4
Research Summary
AI-generated summary
Weyco (WEYS) Chairman Thomas W. Florsheim Jr. Transfers 94,619 Shares
What Happened
Thomas W. Florsheim Jr., Chairman, CEO and a director of Weyco Group Inc. (WEYS), reported an "other acquisition or disposition" (code J) on May 8, 2026 that disposed of 94,619 shares at $0.00. The filing indicates the shares were transferred from a closed trust into Mr. Florsheim's father's revocable trust (footnote F1); no sale proceeds were reported.
Key Details
- Transaction date: 2026-05-08; Filing date (Form 4): 2026-05-11.
- Transaction type/code: Other disposition (J) — transfer, reported at $0.00 per share; total reported value $0.
- Shares disposed: 94,619.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Notable footnotes: F1 confirms the transfer was from a closed trust to the father’s revocable trust. F2–F6 list 20% per year vesting schedules beginning on various prior dates (likely related to previously granted awards).
- No indication in the excerpt that this was a market sale or part of a 10b5-1 plan.
Context
This was a trust-to-trust transfer among related parties, not an open-market sale; such transfers typically do not signal insider buying or selling intent. The vesting schedule notes (F2–F6) reference multi-year vesting (20% per year for five years) of prior awards, which may reflect separate equity grant terms rather than this transfer.