WEYCO (WEYS) CFO Judy Anderson Exercises Options, Sells to Cover Taxes

What Happened

• Judy Anderson, Vice President and Chief Financial Officer of Weyco Group (WEYS), exercised stock options on August 13, 2026. She exercised 2,339 options at $28.83 and 1,550 options at $25.79 (3,889 shares total), with a combined exercise cost/value of $107,408 (2,339×$28.83 = $67,433; 1,550×$25.79 = $39,975).
• To satisfy withholding/tax obligations, 2,334 of the newly issued shares were disposed (sold) at $46.73 per share for $109,068. After the sell-to-cover, Anderson retained a net 1,555 shares from the exercise. This was an option exercise with routine tax withholding rather than an open-market purchase.

Key Details

• Transaction date: 2026-08-13.
• Option strikes/prices: 2,339 shares @ $28.83; 1,550 shares @ $25.79. Shares sold to cover taxes: 2,334 shares @ $46.73 (total $109,068).
• Net shares retained after the transaction: 1,555 (3,889 exercised − 2,334 withheld/sold). The Form 4 provided does not report Anderson’s total post-transaction holdings beyond this net change.
• Footnote F1: “20% per year for 5 years beginning 08/25/2022” (noted in filing).
• Transaction codes: M = option exercise; F = payment of exercise price or tax liability (sell-to-cover).
• Filing timeliness: Report filed on 2026-08-13 for transactions dated 2026-08-13 (timely).

Context

• This was a classic exercise plus sell-to-cover (cashless) transaction: options were exercised and a portion of the resulting shares were sold immediately to cover taxes/withholding. Such sell-to-cover transactions are routine and do not by themselves indicate the insider’s view of the company’s outlook.
• No 10% owner indication or 10b5-1 plan was reported in the provided data.