Weyco (WEYS) VP Jeffrey Douglass Receives Award, Sells Shares for Taxes

What Happened
Jeffrey S. Douglass, Vice President, Marketing at Weyco Group Inc. (WEYS), was issued 1,360 restricted shares on 2026-08-25 (reported as an award/acquisition at $0.00). To satisfy tax withholding on the vesting, 438 of those shares were surrendered/disposed at $45.58 per share, generating proceeds of $19,964. Net shares delivered to Mr. Douglass from this vesting were 922 shares (1,360 granted minus 438 withheld).

Key Details

• Transaction dates: grant and withholding occurred on 2026-08-25; Form 4 filed 2026-08-27 (timely filing).
• Award: 1,360 shares acquired @ $0.00 (restricted stock vesting).
• Tax withholding: 438 shares disposed @ $45.58 = $19,964 (code F — shares used to satisfy tax withholding).
• Net shares received from this vesting: 922 shares.
• Shares owned after the transaction: not specified in the supplied filing details.
• Footnotes: F1 = shares used to satisfy tax withholding; F2–F4 indicate awards vest 20% per year over 5 years beginning 08/25/2022, 08/25/2023 and 08/25/2024 (staggered vesting schedules).

Context
This is a routine compensation event (restricted stock vesting) with a cashless tax-withholding mechanism — shares are surrendered to cover required taxes rather than selling newly acquired shares on the open market. Such withholding transactions are administrative and do not by themselves indicate an insider buying or selling for investment reasons.