Flannery Brian 4

What Happened

• Brian Flannery, listed as a Vice President at Weyco Group (WEYS), exercised stock options on 2026-07-02. He acquired 6,000 shares at $18.00 ($108,000) and 1,200 shares at $24.00 ($28,800), for a total cash exercise of $136,800.
• To satisfy tax withholding, 3,567 shares were withheld/disposed at a reported value of $39.89 per share, totaling $142,288. After withholding, Flannery retained a net 3,633 shares from this exercise (7,200 acquired − 3,567 withheld).
• These transactions are option exercises (transaction code M) and a tax withholding/settlement (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-07-02
• Option exercises: 6,000 shares @ $18.00 (total $108,000) and 1,200 shares @ $24.00 (total $28,800)
• Tax withholding: 3,567 shares disposed @ $39.89 (total ~$142,288)
• Net shares retained from this activity: 3,633
• Shares owned after transaction: not specified in the filing
• Footnotes on vesting schedules:
  • F1: 20% per year for 5 years beginning 08/25/2022
  • F2: 20% per year for 5 years beginning 08/25/2023
  • F3: 20% per year for 4 years beginning 08/25/2024
• Filing timeliness: Filing date equals transaction date (2026-07-02); no late filing indicated

Context

• This was an option exercise followed by share withholding to cover tax liabilities (common practice); the withheld shares are not an open-market sale signaling a change of investment view.
• For retail investors, purchases/exercises increase an insider’s holdings (here a net +3,633 shares), which can be more informative than routine sales—but filings do not state the holder’s motivations.