WEYS CEO Thomas Florsheim Exercises Options; Shares Used for Taxes

What Happened

• Thomas W. Florsheim Jr., Chairman & CEO of Weyco Group Inc. (WEYS), exercised stock options on August 6, 2026, resulting in the acquisition of 18,000 shares (two exercises). The aggregate exercise cost reported for those options was $477,760 (8,000 shares @ $37.22 = $297,760; 10,000 shares @ $18.00 = $180,000).
• The filing also shows shares surrendered/used to satisfy tax obligations: 13,873 shares were delivered as payment of tax liability at a reported value of $43.90 per share ($609,025 total). The Form 4 includes matching "disposed" entries for the exercised derivative positions, consistent with shares being converted and immediately used/surrendered in the exercise process.

Key Details

• Transaction date: August 6, 2026; Form 4 filed August 10, 2026 (reporting period Aug 6).
• Option exercises (code M): 8,000 shares @ $37.22 ($297,760) and 10,000 shares @ $18.00 ($180,000).
• Tax withholding/payment (code F): 13,873 shares @ $43.90 = $609,025 surrendered to cover taxes.
• Shares owned after the transaction: not provided in the summary data supplied.
• Footnotes included in the filing (F1–F5) indicate prior award vesting schedules of 20% per year for five years beginning on various dates (08/23/2019, 08/26/2021, 08/25/2022, 08/25/2023, 08/25/2024).
• Transaction codes: M = option exercise/conversion, F = payment of exercise price or tax liability.

Context

• This was an option exercise with shares used to satisfy tax obligations (a common “sell-to-cover” or share-surrender practice). Such transactions are administrative: they reflect exercise mechanics and tax withholding rather than an open-market investment decision.
• For retail investors, exercises and resulting share withholding do not necessarily signal bullish or bearish views by the insider; they often simply settle compensation-related taxes or exercise costs.