Form 4: Winmark Corp Executive Gaudette Acquires Shares Through Stock Options
SEC Form 4
Renae M. Gaudette, Chief Operating Officer of Winmark Corp, reports acquisition of company stock through employee stock options.
Summary
- On June 1, 2024, Renae M. Gaudette, the Chief Operating Officer of Winmark Corporation, acquired 1,740 shares of Winmark common stock through the exercise of employee stock options at a price of $355.90.
- Following this transaction, Gaudette directly owns 13,560 shares of Winmark common stock.
- Gaudette also holds various employee stock options to purchase additional shares of common stock at prices ranging from $80.32 to $325.99, with expiration dates extending from 2024 to 2034.
- These options vest at a rate of 25% per year over four years.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The exercise of stock options suggests the executive has confidence in the company's future, but it's a routine transaction.
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. Investors often monitor these filings to gauge executive sentiment and potential future stock performance.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it signals confidence from a key executive.
Key Dates
| Date | Description |
|---|---|
| 12/15/2015 | Date of employee stock option grant with an exercise price of $80.32 and expiration on 12/15/2024. |
| 06/01/2016 | Date of employee stock option grant with an exercise price of $91.93 and expiration on 06/01/2025. |
| 12/14/2016 | Date of employee stock option grant with an exercise price of $90.99 and expiration on 12/14/2025. |
| 06/01/2017 | Date of employee stock option grant with an exercise price of $98.25 and expiration on 06/01/2026. |
| 12/12/2017 | Date of employee stock option grant with an exercise price of $125.5 and expiration on 12/12/2026. |
| 06/01/2018 | Date of employee stock option grant with an exercise price of $122.5 and expiration on 06/01/2027. |
| 12/11/2018 | Date of employee stock option grant with an exercise price of $134.25 and expiration on 12/11/2027. |
| 06/01/2019 | Date of employee stock option grant with an exercise price of $143.2 and expiration on 06/01/2028. |
| 12/11/2019 | Date of employee stock option grant with an exercise price of $156 and expiration on 12/11/2028. |
| 06/01/2020 | Date of employee stock option grant with an exercise price of $164.84 and expiration on 06/01/2029. |
| 12/16/2020 | Date of employee stock option grant with an exercise price of $176.2 and expiration on 12/16/2029. |
| 06/01/2021 | Date of employee stock option grant with an exercise price of $143.87 and expiration on 06/01/2030. |
| 12/14/2021 | Date of employee stock option grant with an exercise price of $183.87 and expiration on 12/14/2030. |
| 06/01/2022 | Date of employee stock option grant with an exercise price of $195.82 and expiration on 06/01/2031. |
| 12/13/2022 | Date of employee stock option grant with an exercise price of $261.32 and expiration on 12/13/2031. |
| 06/01/2023 | Date of employee stock option grant with an exercise price of $197.8 and expiration on 06/01/2032. |
| 12/12/2023 | Date of employee stock option grant with an exercise price of $238.6 and expiration on 12/12/2032. |
| 06/01/2024 | Date of transaction: Renae M. Gaudette acquired 1,740 shares through stock options at $355.90 per share; also the date of employee stock option grant with an exercise price of $325.99 and expiration on 06/01/2033. |
| 06/03/2024 | Date of signature on the Form 4 filing. |
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