Anderson Judy 4

What Happened

• Judy Anderson, Vice President and Chief Financial Officer of Weyco Group Inc. (WEYS), exercised stock options on July 2, 2026. She acquired 5,400 common shares by exercising: 3,000 shares at $18.00 (cost $54,000) and 2,400 shares at $24.00 (cost $57,600), for a total exercise cost of $111,600.
• To cover tax withholding related to the exercise, 2,798 shares were surrendered/disposed at $39.89 per share (proceeds ~$111,612). The Form 4 also lists the underlying derivative instruments (the options) as disposed upon exercise. After withholding, Anderson retained a net increase of 2,602 shares.

Key Details

• Transaction date: July 2, 2026; Form 4 filed July 6, 2026 (filed within the typical two-business-day window).
• Exercise details: 3,000 shares @ $18.00; 2,400 shares @ $24.00; total exercise cost $111,600.
• Tax/withholding: 2,798 shares withheld at $39.89/share (reported proceeds $111,612).
• Net new shares retained: 5,400 acquired − 2,798 withheld = 2,602 shares.
• Shares owned after transaction: not specified in the provided filing summary.
• Footnotes indicate vesting schedules for related awards (F1–F4): approximately 20% per year over 4–5 years beginning on various grant dates (08/26/2021, 08/25/2022, 08/25/2023, 08/25/2024).

Context

• This was an option exercise (transaction code M); the separate disposal entries for the options reflect that the derivative instruments were canceled upon exercise. The withholding of shares to pay taxes (code F) is common in cashless or net-share settlements and does not necessarily signal a market view.
• Purchases/retained shares are often viewed as more informative than routine withholding; here Anderson ended up with a modest net increase in shares (2,602). No indication in the filing of a 10% owner or a 10b5-1 plan.