Weyco (WEYS) President Kevin Schiff Receives 1,360 Restricted Shares

What Happened

• Kevin Schiff, Vice President and President — Florsheim at Weyco Group (WEYS), was awarded 1,360 restricted shares on 2026-08-25 (reported as acquisition code A at $0.00).
• On the same date, 402 of those shares were surrendered (disposition code F) to satisfy tax withholding obligations at an effective value of $45.58 per share, totaling $18,323. The award itself had no cash purchase price.

Key Details

• Transaction dates: award and tax-withholding disposition on 2026-08-25; Form 4 filed 2026-08-27 (appears timely).
• Award: 1,360 shares acquired at $0.00 (restricted stock grant).
• Tax withholding: 402 shares disposed at $45.58 each for $18,323 (footnote F1: shares used to satisfy tax withholding upon vesting).
• Shares owned after transaction: Not specified in the filing.
• Vesting schedule notes: Footnotes indicate the restricted shares vest 20% per year over five years for tranches beginning 08/26/2021, 08/25/2022, 08/25/2023, and 08/25/2024 (footnotes F2–F5).

Context

• This was an award of restricted stock that vested (or partially vested); the 402-share disposition was a routine surrender to cover required tax withholdings, not an open-market sale for investment purposes.
• Awards and tax-withholding dispositions are common and do not necessarily signal an insider view on the company's stock price.