Form 4: Winmark Corp Director Acquires Stock Options
SEC Form 4 Filing
Director Amy C. Becker acquired 300 non-employee stock options at a price of $400.97 on December 9, 2024.
Summary
- Amy C. Becker, a director at Winmark Corp, acquired 300 non-employee stock options on December 9, 2024, at an exercise price of $400.97.
- These options vest 25% per year over four years, starting December 9, 2025, and expire on December 9, 2034.
- The director also holds other non-employee stock options granted on various dates, including 5,500 options at $248.64, 620 options at $238.60, 380 options at $325.99, 240 options at $446.68, and 300 options at $355.90.
Sentiment
Score: 6
Explanation: The document is a routine filing related to stock option grants. It is neither particularly positive nor negative, but indicates alignment of director interests with the company's performance.
Positives
- The acquisition of stock options by a director can be seen as a positive sign, indicating confidence in the company's future performance.
- The vesting schedule of 25% per year over four years aligns the director's interests with the long-term success of the company.
Industry Context
This is a standard SEC Form 4 filing, which is common for publicly traded companies when insiders, such as directors, make transactions in the company's securities. It provides transparency into insider activity.
Comparison to Industry Standards
- Stock option grants to directors are a common practice in publicly traded companies as a form of compensation and incentive.
- The vesting schedule of 25% per year over four years is a typical vesting structure for stock options.
- The exercise prices of the options are generally set at or above the market price at the time of grant, which is standard practice.
Stakeholder Impact
- The acquisition of stock options by a director can be viewed positively by shareholders as it aligns the director's interests with the company's performance.
Key Dates
| Date | Description |
|---|---|
| 11/15/2023 | Grant date of 5,500 non-employee stock options at $248.64. |
| 12/12/2023 | Grant date of 620 non-employee stock options at $238.60. |
| 06/01/2024 | Grant date of 380 non-employee stock options at $325.99. |
| 12/09/2024 | Grant date of 300 non-employee stock options at $400.97. |
| 12/11/2024 | Grant date of 240 non-employee stock options at $446.68. |
| 06/01/2025 | Grant date of 300 non-employee stock options at $355.90. |
| 12/09/2025 | Start date for vesting of 300 non-employee stock options at $400.97. |
| 11/15/2032 | Expiration date of 5,500 non-employee stock options at $248.64. |
| 12/12/2032 | Expiration date of 620 non-employee stock options at $238.60. |
| 06/01/2033 | Expiration date of 380 non-employee stock options at $325.99. |
| 12/11/2033 | Expiration date of 240 non-employee stock options at $446.68. |
| 06/01/2034 | Expiration date of 300 non-employee stock options at $355.90. |
| 12/09/2034 | Expiration date of 300 non-employee stock options at $400.97. |
Keywords
stock options, insider trading, director, equity, Winmark Corp, WINA, non-employee stock options
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