Weyco CEO Thomas Florsheim Jr Receives Award, Uses Shares for Taxes

What Happened

• Thomas W. Florsheim Jr., Chairman & CEO (also a Director) of Weyco Group Inc., had 2,080 restricted shares vest on 2026-08-25 (acquired at $0.00). To satisfy tax withholding on the vesting, 846 of those shares were surrendered at an internal price of $45.58 each, totaling $38,561. Net to him from this vesting event was +1,234 shares (2,080 granted minus 846 withheld).
• This was a vesting/award transaction (A) with a companion withholding/settlement (F) — not an open-market sale.

Key Details

• Transaction dates and amounts:
  • 2026-08-25: Award/vesting of 2,080 restricted shares (A) @ $0.00.
  • 2026-08-25: 846 shares withheld/used to satisfy tax liability (F) @ $45.58, value $38,561.
• Shares owned after transaction: net increase of 1,234 shares from this vesting; total holdings after the transaction were not provided in the excerpt.
• Footnotes: F1 = shares used to satisfy tax withholding upon vesting. F2–F4 indicate related grants vesting 20% per year over 5 years beginning 08/25/2022, 08/25/2023 and 08/25/2024 respectively.
• Filing: Reported on 2026-08-27 for transactions dated 2026-08-25 (filed within the typical 2-business-day Form 4 window; not indicated as late).

Context

• The 846-share disposition was a tax-withholding action tied to restricted stock vesting (common practice) — these shares were surrendered to cover taxes, not sold into the open market, so it’s not an immediate bearish signal.
• This was an award/vesting event rather than a purchase or exercise; the net effect is an increase in the insider’s holdings.