Form 4: Winmark Corp Director Tomlinson Jr. Reports Stock Option Grant and Share Disposal
SEC Form 4 Filing
Director Percy C. Tomlinson Jr. of Winmark Corp. reported the acquisition of stock options and the disposal of 200 common shares on December 9, 2024.
Summary
- Percy C. Tomlinson Jr., a director at Winmark Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- On December 9, 2024, Tomlinson disposed of 200 shares of common stock.
- He also acquired 300 non-employee stock options with an exercise price of $400.97, which vest 25% per year over four years, starting December 9, 2025.
- The form also lists previously granted non-employee stock options with various exercise prices and vesting schedules.
Sentiment
Score: 5
Explanation: The document is a neutral report of insider transactions, with no indication of positive or negative sentiment. It is a routine filing.
Industry Context
This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company directors.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, as mandated by the SEC.
- The reporting of stock option grants and share disposals by directors is a common occurrence across various industries.
- The vesting schedule of 25% per year for four years is a typical vesting structure for stock options.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding the director's holdings and trading activity.
- The stock option grants align the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 12/14/2022 | Date of a previously granted non-employee stock option with an exercise price of $242.58. |
| 06/01/2023 | Date of a previously granted non-employee stock option with an exercise price of $197.8. |
| 12/12/2023 | Date of a previously granted non-employee stock option with an exercise price of $238.6. |
| 06/01/2024 | Date of a previously granted non-employee stock option with an exercise price of $325.99. |
| 12/09/2024 | Date of the reported transaction, including the disposal of 200 common shares and the acquisition of 300 stock options. |
| 12/11/2024 | Date of a previously granted non-employee stock option with an exercise price of $446.68. |
| 06/01/2025 | Date of a previously granted non-employee stock option with an exercise price of $355.9. |
| 12/09/2025 | Start date for the vesting of the 300 stock options acquired on 12/09/2024. |
Keywords
Form 4, Winmark Corp, Stock Options, Beneficial Ownership, Director, Securities, Share Disposal
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.