Form 4: Winmark Corp CEO Brett Heffes Reports Stock Option Grant and Beneficial Ownership
SEC Form 4
Winmark Corporation's CEO, Brett D. Heffes, reported the acquisition of stock options and changes in beneficial ownership of common stock as of June 1, 2024.
Summary
- Brett D. Heffes, CEO and Chairman of Winmark Corp, filed a Form 4 detailing changes in his beneficial ownership of company stock.
- The report indicates that on June 1, 2024, Heffes acquired 3,580 shares of common stock through the exercise of employee stock options at a price of $355.9.
- Following the transaction, Heffes directly owns 111,500 shares of Winmark Corp common stock.
- He also indirectly owns 285 shares through a family office.
- The report also lists a series of employee stock options held by Heffes, with various exercise prices and expiration dates.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard SEC filing related to stock option exercises and ownership. The CEO exercising options is generally a positive sign, but it's not overwhelmingly impactful.
Positives
- The acquisition of shares through stock options by the CEO could be seen as a positive signal, indicating confidence in the company's future performance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies.
Stakeholder Impact
- The reported transactions may have a minor positive impact on shareholder sentiment due to the CEO's increased stake in the company.
Key Dates
| Date | Description |
|---|---|
| 06/01/2019 | Date of employee stock option grant with an exercise price of $143.2 and expiration date of 06/01/2028. |
| 12/11/2019 | Date of employee stock option grant with an exercise price of $156 and expiration date of 12/11/2028. |
| 06/01/2020 | Date of employee stock option grant with an exercise price of $164.84 and expiration date of 06/01/2029. |
| 12/16/2020 | Date of employee stock option grant with an exercise price of $176.2 and expiration date of 12/16/2029. |
| 06/01/2021 | Date of employee stock option grant with an exercise price of $143.87 and expiration date of 06/01/2030. |
| 12/14/2021 | Date of employee stock option grant with an exercise price of $183.87 and expiration date of 12/14/2030. |
| 06/01/2022 | Date of employee stock option grant with an exercise price of $195.82 and expiration date of 06/01/2031. |
| 12/13/2022 | Date of employee stock option grant with an exercise price of $261.32 and expiration date of 12/13/2031. |
| 06/01/2023 | Date of employee stock option grant with an exercise price of $197.8 and expiration date of 06/01/2032. |
| 12/12/2023 | Date of employee stock option grant with an exercise price of $238.6 and expiration date of 12/12/2032. |
| 06/01/2024 | Date of transaction: CEO acquired 3,580 shares via stock options at $355.9 per share; Date of employee stock option grant with an exercise price of $325.99 and expiration date of 06/01/2033; Date of employee stock option grant with an exercise price of $355.9 and expiration date of 06/01/2034. |
| 06/03/2024 | Date of signature on the Form 4 filing. |
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