Weyco (WEYS) President John W. Florsheim Exercises Options

What Happened

• John W. Florsheim, President and COO and a director of Weyco Group, exercised stock options on 2026-08-06 and disposed of shares the same day.
• He exercised 8,000 options at $37.22 (cost $297,760) and 10,000 options at $18.00 (cost $180,000), for a combined exercise cost of $477,760.
• The filing shows dispositions the same day: 13,873 shares were withheld/disposed for tax/payment purposes (13,873 @ $43.90 = $609,025) and the 8,000 and 10,000 exercised-share amounts are also reported as disposed (combined proceeds shown ~$477,760). Total reported proceeds from dispositions sum to ~$1,086,785. These entries indicate an exercise followed by share dispositions (cashless/covering-tax type activity).

Key Details

• Transaction date: 2026-08-06. Exercise codes: M = option exercise; F = tax withholding/payment.
• Exercise details: 8,000 @ $37.22 = $297,760; 10,000 @ $18.00 = $180,000. Tax/withholding disposition: 13,873 @ $43.90 = $609,025.
• Shares disposed that correspond to the exercised options: 8,000 and 10,000 reported as disposed (derivative dispositions) in filing.
• Shares owned after the transactions: not disclosed in the provided summary of the filing.
• Footnotes: F1 = informational only. F2–F6 reference prior grants vesting at “20% per year for 5 years” beginning on various dates (indicates staged vesting schedules for prior awards).
• Timeliness: Filing was marked late (L) — the report shows a late filing; late filings can delay public transparency but do not change the underlying transaction facts.

Context

• This appears to be an option exercise with immediate share disposition(s), a common practice to cover exercise costs and tax withholding (often called a cashless exercise or share withholding). Such routine exercises and withholdings are administrative and do not necessarily signal a change in insider sentiment.
• Purchases are generally more informative about bullish convictions; here the net economic effect appears to be exercise + sale/withholding rather than an incremental open‑market buy.