WEYCO (WEYS) VP Katherine Destinon Exercises Options

What Happened
Katherine Destinon, Vice President and President of the Nunn Bush business at Weyco Group (WEYS), exercised stock options on September 25, 2026. She exercised three option lots totaling 2,766 shares (1,201 @ $24.00, 780 @ $28.83, 785 @ $25.79) with a combined intrinsic/cash value reported at about $71,556. To satisfy tax withholding, 1,586 shares were withheld (reported as disposed) valued at $47.42 each (~$75,208). Net shares retained from this transaction equal 1,180 shares.

Key Details

• Transaction date: 2026-09-25; Form 4 filed 2026-09-29 (filed within the two-business-day SEC window).
• Option exercises (code M):
  • 1,201 shares exercised @ $24.00 — $28,824 reported
  • 780 shares exercised @ $28.83 — $22,487 reported
  • 785 shares exercised @ $25.79 — $20,245 reported
• Tax withholding (code F): 1,586 shares withheld/disposed @ $47.42 — $75,208 reported.
• Net shares added to insider’s position: 2,766 acquired − 1,586 withheld = 1,180 shares retained.
• Footnotes indicate vesting schedules for these awards: 20% per year for five years beginning 08/25/2022, 08/25/2023, and 08/25/2024 (see F1–F3).
• Total beneficial ownership after the transaction is not stated in the provided summary.

Context
This was an option exercise with shares withheld to cover tax liabilities — a common, routine way to satisfy tax obligations (a form of cashless exercise). These transactions are not open-market sales; the withholding does not necessarily indicate a decision to sell stock for investment reasons. The Form 4 was filed on time.