Form 4: Winmark Corp Executive Acquires Stock Options

Sentiment:

SEC Form 4 Filing 9 December 2024 4:10 PM

Renae M. Gaudette, Chief Operating Officer of Winmark Corp, has acquired 1,580 stock options at a price of $400.97 per share.

Summary

Renae M. Gaudette, the Chief Operating Officer of Winmark Corp, has reported a transaction involving the acquisition of 1,580 employee stock options.
These options were acquired at an exercise price of $400.97 per share.
The options vest at a rate of 25% per year over four years, with an expiration date of June 1, 2034.
The transaction was reported on December 9, 2024.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of stock options for a key executive, which is generally viewed positively as it aligns management's interests with shareholders. There is no indication of any negative sentiment.

Positives

The acquisition of stock options by a key executive 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 executives acquire or dispose of company securities. It provides transparency into insider transactions.

Comparison to Industry Standards

Stock option grants are a common form of executive compensation across various industries.
The vesting schedule of 25% per year over four years is a typical vesting structure for stock options.
The exercise price of $400.97 is specific to Winmark Corp's stock price at the time of the grant and would be compared to other similar companies in the retail and franchise sector.

Stakeholder Impact

The acquisition of stock options by the COO could be viewed positively by shareholders as it aligns her interests with the company's performance.

Key Dates

Date	Description
06/01/2016	Date of previous stock option grant with an exercise price of $91.93.
12/14/2016	Date of previous stock option grant with an exercise price of $90.99.
06/01/2017	Date of previous stock option grant with an exercise price of $98.25.
12/12/2017	Date of previous stock option grant with an exercise price of $125.5.
06/01/2018	Date of previous stock option grant with an exercise price of $122.5.
12/11/2018	Date of previous stock option grant with an exercise price of $134.25.
06/01/2019	Date of previous stock option grant with an exercise price of $143.2.
12/11/2019	Date of previous stock option grant with an exercise price of $156.
06/01/2020	Date of previous stock option grant with an exercise price of $164.84.
12/16/2020	Date of previous stock option grant with an exercise price of $176.2.
06/01/2021	Date of previous stock option grant with an exercise price of $143.87.
12/14/2021	Date of previous stock option grant with an exercise price of $183.87.
06/01/2022	Date of previous stock option grant with an exercise price of $195.82.
12/13/2022	Date of previous stock option grant with an exercise price of $261.32.
06/01/2023	Date of previous stock option grant with an exercise price of $197.8.
12/12/2023	Date of previous stock option grant with an exercise price of $238.6.
06/01/2024	Date of previous stock option grant with an exercise price of $325.99.
12/09/2024	Date of the reported transaction where 1,580 stock options were acquired at $400.97.
06/01/2025	Date of previous stock option grant with an exercise price of $355.9.
06/01/2034	Expiration date of the newly acquired stock options.

Keywords

stock options, insider trading, executive compensation, Winmark Corp, WINA, securities, form 4

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