WEYS VP Brian Flannery Receives Award, Sells Shares for Taxes

What Happened Brian Flannery, a vice president at Weyco Group (WEYS), was granted 1,360 restricted shares (an award) on 2026-08-25 and, concurrently, 392 shares were surrendered to cover tax withholding at $45.58 per share (totaling $17,867). The award was reported as an acquisition (code A) and the shares withheld for taxes were reported as a disposition (code F) — a routine, non-market sale to satisfy tax obligations.

Key Details

• Transaction date: 2026-08-25; Form 4 filed 2026-08-27 (filed two days after the transaction).
• Award: 1,360 shares acquired at $0.00 (grant/vesting).
• Tax withholding: 392 shares disposed at $45.58 each = $17,867 (code F; used to satisfy tax withholding).
• Shares owned after the transaction: not specified in the provided filing details.
• Footnotes:
  • F1: Shares used to satisfy tax withholding upon vesting.
  • F2–F4: Vesting schedules referenced — staged vesting at 20% per year starting 08/25/2022, 08/25/2023, and 08/25/2024 (illustrates multi-year vesting structure).
• Filing timeliness: Filed two days after the transaction; no indication of a late filing in the provided data.

Context This was a restricted stock vesting event with shares surrendered to the company to cover tax obligations — a common administrative step and not an open-market sale or a buy signal. Footnotes indicate the awards vest in installments over multiple years, which is typical for retention and compensation plans.