Form 4: Winmark Corp Executive Exercises Stock Options, Acquires Shares
SEC Form 4
Renae M. Gaudette, Chief Operating Officer of Winmark Corp, exercised stock options to acquire 2,500 shares of common stock at $91.93 per share on April 28, 2025.
Summary
- On April 28, 2025, Renae M. Gaudette, the Chief Operating Officer of Winmark Corp, exercised employee stock options.
- This transaction resulted in the acquisition of 2,500 shares of Winmark Corp common stock at a price of $91.93 per share.
- Following the transaction, Gaudette directly owns 17,560 shares of Winmark Corp common stock.
- Gaudette also holds various employee stock options with different exercise prices and expiration dates, entitling her to purchase additional shares of common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing related to stock option exercises. The COO exercising options suggests confidence, but it's not overwhelmingly positive.
Positives
- The exercise of stock options by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the COO's continued investment in the company.
Comparison to Industry Standards
- Executive compensation packages often include stock options to align management's interests with those of shareholders.
- The vesting schedule of 25% per year for four years is a common practice in the industry.
- Comparing the exercise price and expiration dates of these options to those of executives at similar companies (e.g., retail or franchise businesses) could provide further context.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment, as it signals confidence from a key executive.
Key Dates
| Date | Description |
|---|---|
| 06/01/2016 | Date from which employee stock options become exercisable (25% per year for four years) for options with an exercise price of $91.93. |
| 12/14/2016 | Date from which employee stock options become exercisable (25% per year for four years) for options with an exercise price of $90.99. |
| 06/01/2017 | Date from which employee stock options become exercisable (25% per year for four years) for options with an exercise price of $98.25. |
| 12/12/2017 | Date from which employee stock options become exercisable (25% per year for four years) for options with an exercise price of $125.5. |
| 06/01/2018 | Date from which employee stock options become exercisable (25% per year for four years) for options with an exercise price of $122.5. |
| 12/11/2018 | Date from which employee stock options become exercisable (25% per year for four years) for options with an exercise price of $134.25. |
| 06/01/2019 | Date from which employee stock options become exercisable (25% per year for four years) for options with an exercise price of $143.2. |
| 12/11/2019 | Date from which employee stock options become exercisable (25% per year for four years) for options with an exercise price of $156. |
| 06/01/2020 | Date from which employee stock options become exercisable (25% per year for four years) for options with an exercise price of $164.84. |
| 12/16/2020 | Date from which employee stock options become exercisable (25% per year for four years) for options with an exercise price of $176.2. |
| 06/01/2021 | Date from which employee stock options become exercisable (25% per year for four years) for options with an exercise price of $143.87. |
| 12/14/2021 | Date from which employee stock options become exercisable (25% per year for four years) for options with an exercise price of $183.87. |
| 06/01/2022 | Date from which employee stock options become exercisable (25% per year for four years) for options with an exercise price of $195.82. |
| 12/13/2022 | Date from which employee stock options become exercisable (25% per year for four years) for options with an exercise price of $261.32. |
| 06/01/2023 | Date from which employee stock options become exercisable (25% per year for four years) for options with an exercise price of $197.8. |
| 12/12/2023 | Date from which employee stock options become exercisable (25% per year for four years) for options with an exercise price of $238.6. |
| 06/01/2024 | Date from which employee stock options become exercisable (25% per year for four years) for options with an exercise price of $325.99. |
| 06/01/2025 | Date from which employee stock options become exercisable (25% per year for four years) for options with an exercise price of $355.9 and the date of the reported transaction. |
| 12/09/2025 | Date from which employee stock options become exercisable (25% per year for four years) for options with an exercise price of $400.97. |
| 04/28/2025 | Date of the transaction: Renae M. Gaudette exercised stock options. |
| 06/01/2025 | Expiration date of employee stock options with an exercise price of $91.93. |
| 12/14/2025 | Expiration date of employee stock options with an exercise price of $90.99. |
| 06/01/2026 | Expiration date of employee stock options with an exercise price of $98.25. |
| 12/12/2026 | Expiration date of employee stock options with an exercise price of $125.5. |
| 06/01/2027 | Expiration date of employee stock options with an exercise price of $122.5. |
| 12/11/2027 | Expiration date of employee stock options with an exercise price of $134.25. |
| 06/01/2028 | Expiration date of employee stock options with an exercise price of $143.2. |
| 12/11/2028 | Expiration date of employee stock options with an exercise price of $156. |
| 06/01/2029 | Expiration date of employee stock options with an exercise price of $164.84. |
| 12/16/2029 | Expiration date of employee stock options with an exercise price of $176.2. |
| 06/01/2030 | Expiration date of employee stock options with an exercise price of $143.87. |
| 12/14/2030 | Expiration date of employee stock options with an exercise price of $183.87. |
| 06/01/2031 | Expiration date of employee stock options with an exercise price of $195.82. |
| 12/13/2031 | Expiration date of employee stock options with an exercise price of $261.32. |
| 06/01/2032 | Expiration date of employee stock options with an exercise price of $197.8. |
| 12/12/2032 | Expiration date of employee stock options with an exercise price of $238.6. |
| 06/01/2033 | Expiration date of employee stock options with an exercise price of $325.99. |
| 06/01/2034 | Expiration date of employee stock options with an exercise price of $355.9. |
| 12/09/2034 | Expiration date of employee stock options with an exercise price of $400.97. |
Keywords
Winmark Corp, Stock Options, Form 4, Executive Compensation, Beneficial Ownership, Securities Exchange Act, Gaudette, WINA
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