Form 4: Winmark Corp Director Gina DeCaro Sprenger Acquires Stock Options
SEC Form 4 Filing
Director Gina DeCaro Sprenger of Winmark Corp acquired 300 non-employee stock options on December 9, 2024.
Summary
- Gina DeCaro Sprenger, a director at Winmark Corp, acquired 300 non-employee stock options on December 9, 2024, at a price of $400.97 per option.
- These options vest 25% per year over four years, starting December 9, 2025, and expire on December 9, 2034.
- The filing also details other previously granted non-employee stock options held by Ms. Sprenger.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction of stock options being granted to a director, which is generally a positive sign of alignment between management and shareholders. It is not a major event, but it is a positive indicator.
Positives
- The acquisition of stock options by a director can be seen as a positive sign of confidence in the company's future performance.
Industry Context
This is a standard SEC Form 4 filing, which is common for publicly traded companies when insiders such as directors acquire company stock or options.
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 specific option prices are based on the fair market value of the stock 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 |
|---|---|
| 01/13/2022 | Grant date of non-employee stock options at $182.21 per option. |
| 06/01/2022 | Grant date of non-employee stock options at $195.82 per option. |
| 12/13/2022 | Grant date of non-employee stock options at $261.32 per option. |
| 06/01/2023 | Grant date of non-employee stock options at $197.8 per option. |
| 12/12/2023 | Grant date of non-employee stock options at $238.6 per option. |
| 06/01/2024 | Grant date of non-employee stock options at $325.99 per option. |
| 12/09/2024 | Date of the most recent stock option grant at $400.97 per option and date of filing. |
| 12/11/2024 | Grant date of non-employee stock options at $446.68 per option. |
| 06/01/2025 | Grant date of non-employee stock options at $355.9 per option. |
| 12/09/2025 | Start date for vesting of the most recent stock option grant. |
| 01/13/2031 | Expiration date of non-employee stock options granted on 01/13/2022. |
| 06/01/2031 | Expiration date of non-employee stock options granted on 06/01/2022. |
| 12/13/2031 | Expiration date of non-employee stock options granted on 12/13/2022. |
| 06/01/2032 | Expiration date of non-employee stock options granted on 06/01/2023. |
| 12/12/2032 | Expiration date of non-employee stock options granted on 12/12/2023. |
| 06/01/2033 | Expiration date of non-employee stock options granted on 06/01/2024. |
| 12/09/2034 | Expiration date of the most recent stock option grant. |
| 06/01/2034 | Expiration date of non-employee stock options granted on 06/01/2025. |
Keywords
stock options, insider trading, beneficial ownership, Winmark Corp, director, equity securities, non-employee stock option
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