FLORSHEIM THOMAS W JR 4
Research Summary
AI-generated summary
Weyco (WEYS) CEO Thomas Florsheim Gifts 1,500 Shares
What Happened
Thomas W. Florsheim Jr., Chairman, CEO and a director of Weyco Group, reported a gift of 1,500 common shares on June 15, 2026. The transaction is coded as a gift (G) with an execution price of $0.00, so no cash proceeds were received. The Form 4 was filed the next day, June 16, 2026.
Key Details
- Transaction date: 2026-06-15; Form 4 filed: 2026-06-16 (timely filing).
- Transaction type/code: Gift (G). Price per share reported: $0.00. Total value reported: $0.
- Shares owned after transaction: not specified in the information provided in this summary.
- Footnotes on the filing (F1–F5): each notes a 20% per year vesting or allocation schedule for five years, beginning on 08/23/2019 (F1), 08/26/2021 (F2), 08/25/2022 (F3), 08/25/2023 (F4), and 08/25/2024 (F5).
- No indication in the filing that this was part of a 10b5-1 plan or a sale; it is a non‑cash transfer.
Context
Gifts by insiders are typically transfers for personal, estate-planning, or charitable reasons and do not necessarily reflect the insider's view of the company’s prospects. Because no cash changed hands, this transaction is not a buy or sell signal.