Weyco (WEYS) President John Florsheim Receives Award; Sells 801 Shares
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Weyco (WEYS) President John Florsheim Receives Award; Sells 801 Shares
What Happened
John W. Florsheim, President & COO and a director of Weyco Group Inc. (WEYS), received a grant/award of 2,080 shares (reported as acquisition, code A) on 2026-08-25. At the same time 801 shares were disposed (code F) to satisfy tax withholding obligations upon vesting, valued at approximately $36,510 (801 shares × $45.58 per share). The award was recorded at $0.00 per share (restricted stock vesting).
Key Details
- Transaction date: 2026-08-25; filing date: 2026-08-27 (appears timely).
- Award: 2,080 shares acquired (code A) at $0.00 per share.
- Tax withholding: 801 shares withheld/disposed (code F) at $45.58 per share, total ~$36,510. Footnote F1 confirms these shares were used to satisfy tax withholding.
- Shares owned after the transaction: not disclosed in this filing.
- Additional footnotes: F2 = informational only; F3–F5 indicate vesting schedules of 20% per year for five years beginning 08/25/2022, 08/25/2023, and 08/25/2024 (suggesting staggered/serial grants).
Context
This was the vesting of restricted stock units (awarded shares) with a portion surrendered to cover taxes — a common, administrative transaction that does not by itself signal an intent to buy or sell stock for investment purposes. The award (acquisition) is an insider compensation event; the disposal reflects tax withholding, not a market sale for cash.