Weyco (WEYS) VP Marketing Jeffrey S. Douglass Exercises Options

What Happened
Jeffrey S. Douglass, VP of Marketing at Weyco Group, exercised stock options on August 20, 2026. He exercised 1,200 options at $37.22 (value = $44,664) and 952 options at $28.83 (value = $27,446) for a total of 2,152 shares acquired (total intrinsic cost basis shown by exercise prices). To satisfy tax withholding, 1,609 shares were surrendered/withheld (reported as a disposition under code F) at $45.80, totaling $73,692. The filing also shows matching derivative-disposition entries for the exercised options (the options were converted/terminated).

Key Details

• Transaction date: 2026-08-20 (filed 2026-08-24 — filing was late)
• Options exercised: 1,200 shares @ $37.22 = $44,664; 952 shares @ $28.83 = $27,446
• Shares withheld for taxes: 1,609 shares @ $45.80 = $73,692 (code F — tax withholding)
• Net shares retained by insider: 2,152 exercised − 1,609 withheld = 543 shares issued to Mr. Douglass
• Shares owned after transaction: Not reported in this filing
• Footnotes: Several vesting schedules noted (20% per year for 5 years) tied to prior grants (start dates 08/23/2019; 08/25/2022; 08/25/2023; 08/25/2024)

Context

• Code M indicates option exercise; code F indicates shares were used to satisfy tax obligations (a common cashless/net exercise practice), not an open-market sale.
• The derivative-disposition lines reflect the termination/conversion of the option instruments upon exercise.
• The filing was submitted 4 days after the transaction date (late filing), which should be noted by investors tracking timeliness but does not change the economic details disclosed.