Weyco (WEYS) Director Tina M. Chang Exercises Options and Sells Shares

What Happened
Tina M. Chang, a director of Weyco Group, exercised stock option tranches on 2026-08-13 totaling 4,800 shares (2,800 shares @ $27.94 and 2,000 shares @ $37.22), representing an aggregate acquisition value of $152,672. The Form 4 also reports 3,268 shares (valued at $46.73 each, $152,714) were surrendered/withheld to cover taxes or exercise-related obligations (code F). The filing shows the exercised derivative shares were also reported as disposed (sell-to-cover), so the filing does not indicate a clear net increase in her holdings.

Key Details

• Transaction date: 2026-08-13. Exercise (code M) and tax/exercise withholding (code F) occurred the same day. Filing date: 2026-08-13 (no late filing indicated in the provided data).
• Option exercises: 2,800 shares @ $27.94 (acquired / $78,232) and 2,000 shares @ $37.22 (acquired / $74,440) — total acquired value $152,672.
• Tax/exercise withholding: 3,268 shares disposed @ $46.73 (value $152,714) to satisfy tax or exercise obligations.
• Reported disposals: The exercised derivative shares are also listed as disposed (sell-to-cover), matching the exercised amounts.
• Shares owned after the transactions: Not specified in the provided excerpt of the Form 4.
• Footnotes: Multiple vesting/award schedules are noted (F1–F5), each describing 20% per year vesting over specified multi-year periods beginning between 08/14/2020 and 08/25/2024.

Context

• Derivative transactions: Code M indicates option exercises (conversion of derivative to common shares). Code F indicates shares were surrendered/withheld to cover the exercise price or tax withholding. When a filing shows both an exercise and corresponding disposals/withholdings on the same date, it commonly reflects a cashless or sell-to-cover process (exercised shares used to pay taxes/fees and/or sold).
• What this means for investors: Exercises and immediate share dispositions are often routine tax- or liquidity-driven transactions by insiders and do not by themselves signal a change in the insider’s long-term view. This filing is factual reporting of option exercise and related withholding/sales.