WINA.NASDAQWinmark CORP

Form 4: Winmark Corp. CEO Brett Heffes Reports New Stock Option Grant and Significant Holdings

Sentiment:

Insider Transaction Report

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Winmark Corp.'s Chairman and CEO, Brett D. Heffes, reported a new grant of 2,984 employee stock options and updated his beneficial ownership of common stock and existing options.

Summary

  • Brett D. Heffes, Chairman and CEO of Winmark Corp. (WINA), filed a Form 4 detailing his beneficial ownership and recent transactions.
  • Heffes was granted 2,984 employee stock options on June 1, 2025, with an exercise price of $424.82 per share. These options become exercisable at 25% per year over four years, starting June 1, 2026, and expire on June 1, 2035.
  • Following this transaction, Heffes directly owns 112,500 shares of Common Stock and indirectly owns 285 shares through a family office.
  • He also holds a total of 58,843 employee stock options directly, including the newly granted options and previously issued options with exercise prices ranging from $143.87 to $400.97, and expiration dates up to December 9, 2034.

Sentiment

Score: 7

Explanation: The filing indicates continued insider ownership and a new option grant, which is generally positive as it aligns management incentives with shareholder interests. There are no negative disclosures.

Positives

  • The grant of new employee stock options to the Chairman and CEO aligns his incentives with shareholder value creation.
  • The significant direct and indirect ownership of common stock by the CEO indicates strong insider confidence in the company's long-term prospects.

Negatives

  • No direct negative information is presented in a Form 4 filing, as it primarily reports ownership changes.

Risks

  • No specific risks are mentioned in this Form 4 filing, as it is a disclosure of insider ownership and transactions, not a risk assessment document.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future performance, as its purpose is to report insider ownership and transactions.

Industry Context

This filing is a standard insider transaction report and does not provide specific insights into broader industry trends. However, executive stock option grants are a common form of compensation across various industries, aligning management incentives with company performance.

Related Party Transactions

  • Indirect ownership of 285 common shares by a family office, indicating a related party holding.

Stakeholder Impact

  • Shareholders: The grant of stock options to the CEO aligns his financial interests with the company's stock performance, potentially benefiting shareholders if the stock price increases.
  • Employees: While specific to the CEO, executive compensation structures can influence overall company compensation philosophy and employee morale.

Next Steps

  • The newly granted options will vest at 25% per year over the next four years, starting June 1, 2026.
  • The options will expire on June 1, 2035, if not exercised.

Key Dates

DateDescription
06/01/2020Date exercisable for 3,394 employee stock options with an exercise price of $164.84.
12/16/2020Date exercisable for 4,000 employee stock options with an exercise price of $176.20.
06/01/2021Date exercisable for 3,305 employee stock options with an exercise price of $143.87.
12/14/2021Date exercisable for 4,000 employee stock options with an exercise price of $183.87.
06/01/2022Date exercisable for 4,000 employee stock options with an exercise price of $195.82.
12/13/2022Date exercisable for 11,100 employee stock options with an exercise price of $261.32.
06/01/2023Date exercisable for 9,360 employee stock options with an exercise price of $197.80.
12/12/2023Date exercisable for 5,740 employee stock options with an exercise price of $238.60.
06/01/2024Date exercisable for 4,120 employee stock options with an exercise price of $325.99.
06/01/2025Date of earliest transaction reported; grant date for 2,984 employee stock options with an exercise price of $424.82; date exercisable for 3,580 employee stock options with an exercise price of $355.90.
06/02/2025Signature date of the reporting person.
06/01/2026Date exercisable for the newly granted 2,984 employee stock options (first 25% tranche).
06/01/2029Expiration date for 3,394 employee stock options with an exercise price of $164.84.
12/16/2029Expiration date for 4,000 employee stock options with an exercise price of $176.20.
06/01/2030Expiration date for 3,305 employee stock options with an exercise price of $143.87.
12/14/2030Expiration date for 4,000 employee stock options with an exercise price of $183.87.
06/01/2031Expiration date for 4,000 employee stock options with an exercise price of $195.82.
12/13/2031Expiration date for 11,100 employee stock options with an exercise price of $261.32.
06/01/2032Expiration date for 9,360 employee stock options with an exercise price of $197.80.
12/12/2032Expiration date for 5,740 employee stock options with an exercise price of $238.60.
06/01/2033Expiration date for 4,120 employee stock options with an exercise price of $325.99.
06/01/2034Expiration date for 3,580 employee stock options with an exercise price of $355.90.
12/09/2034Expiration date for 3,260 employee stock options with an exercise price of $400.97.
06/01/2035Expiration date for the newly granted 2,984 employee stock options.

Recommendation

hold

Keywords

Winmark Corp, WINA, SEC Form 4, Insider Trading, Stock Options, Beneficial Ownership, Executive Compensation, Brett D. Heffes, Corporate Governance

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