Form 4: Winnebago Industries SVP Stacy L. Bogart Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Stacy L. Bogart, SVP-General Counsel of Winnebago Industries, reports changes in beneficial ownership due to tax withholding upon vesting of restricted stock units and a correction of a previously reported sale.
Summary
- On October 10, 2024, Stacy L. Bogart, SVP-General Counsel of Winnebago Industries, reported changes in beneficial ownership.
- 498 shares of common stock were disposed of to cover tax obligations related to the vesting of restricted stock units at a price of $56.55 per share.
- This transaction occurred under the Winnebago Industries, Inc. 2019 Omnibus Equity, Performance Awards, and Incentive Compensation Plan.
- A correction was made to reflect that a previously reported sale of 3,333 shares on July 25, 2024, did not occur.
- Following the reported transactions, Bogart beneficially owns 44,150 shares of Winnebago Industries stock.
Sentiment
Score: 7
Explanation: The document reflects standard executive compensation practices and a correction of a previous error, suggesting a neutral to slightly positive sentiment due to transparency.
Positives
- The reporting person's tax obligations related to vested restricted stock units were met through the withholding of shares, indicating a standard practice within the company's equity compensation plan.
- A correction was made to rectify a previously reported error, demonstrating transparency and accuracy in reporting beneficial ownership.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding insider transactions.
Comparison to Industry Standards
- Executive compensation practices, including the use of restricted stock units and tax withholding, are common across publicly traded companies.
- Companies like Thor Industries (THO) and Polaris (PII), which operate in similar industries, also utilize equity compensation plans for their executives.
- The level of stock ownership and transactions are typical for executives in comparable roles and companies.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership and transactions.
- The use of equity compensation plans can align executive interests with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| 10/10/2023 | Date of the restricted stock unit award grant under the Winnebago Industries, Inc. 2019 Omnibus Equity, Performance Awards, and Incentive Compensation Plan. |
| 07/25/2024 | Date of a previously reported sale of 3,333 shares that did not actually occur. |
| 10/10/2024 | Date of the transaction where 498 shares were disposed of to cover tax obligations. |
| 10/11/2024 | Date of signature for the Form 4 filing. |
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