Form 4: Winmark Corp CFO Acquires Stock Options

Sentiment:

SEC Form 4 Filing 9 December 2024 4:05 PM

Winmark Corp's Chief Financial Officer, Anthony D. Ishaug, has acquired 2,060 stock options at a price of $400.97 per share.

Summary

Anthony D. Ishaug, the Chief Financial Officer of Winmark Corp, has reported a transaction involving the acquisition of 2,060 employee stock options.
These options were acquired on December 9, 2024, at an exercise price of $400.97 per share.
The options vest 25% per year over four years, with an expiration date of December 9, 2034.
The filing also details Mr. Ishaug's existing holdings of various employee stock options granted at different times and exercise prices.

Sentiment

Score: 7

Explanation: The document reflects a routine insider transaction, which is generally viewed neutrally to slightly positive as it indicates management's alignment with company performance.

Positives

The acquisition of stock options by the CFO could be seen as a positive sign of his confidence in the company's future performance.
The vesting schedule of the options aligns the CFO's interests with the long-term success of the company.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the stock ownership of key executives.

Comparison to Industry Standards

Stock option grants are a common form of compensation for executives in publicly traded companies.
The vesting schedule of 25% per year over four years is a typical vesting structure for employee stock options.
Companies like Nike, Apple, and Microsoft also use stock options as part of their executive compensation packages.

Stakeholder Impact

The transaction has a minor positive impact on shareholders as it aligns the CFO's interests with the company's performance.

Key Dates

Date	Description
06/01/2016	Date of employee stock option grant with an exercise price of $91.93.
12/14/2016	Date of employee stock option grant with an exercise price of $90.99.
06/01/2017	Date of employee stock option grant with an exercise price of $98.25.
12/12/2017	Date of employee stock option grant with an exercise price of $125.5.
06/01/2018	Date of employee stock option grant with an exercise price of $122.5.
12/11/2018	Date of employee stock option grant with an exercise price of $134.25.
06/01/2019	Date of employee stock option grant with an exercise price of $143.2.
12/11/2019	Date of employee stock option grant with an exercise price of $156.
06/01/2020	Date of employee stock option grant with an exercise price of $164.84.
12/16/2020	Date of employee stock option grant with an exercise price of $176.2.
06/01/2021	Date of employee stock option grant with an exercise price of $143.87.
12/14/2021	Date of employee stock option grant with an exercise price of $183.87.
06/01/2022	Date of employee stock option grant with an exercise price of $195.82.
12/13/2022	Date of employee stock option grant with an exercise price of $261.32.
06/01/2023	Date of employee stock option grant with an exercise price of $197.8.
12/12/2023	Date of employee stock option grant with an exercise price of $238.6.
06/01/2024	Date of employee stock option grant with an exercise price of $325.99.
12/09/2024	Date of the reported transaction where 2,060 stock options were acquired at $400.97 per share.
06/01/2025	Date of employee stock option grant with an exercise price of $355.9.

Keywords

stock options, employee stock options, insider trading, Form 4, Winmark Corp, WINA, Anthony D. Ishaug, CFO

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