Winnebago (WGO) CEO Michael Happe Exercises Options, Sells Shares

What Happened

• Michael J. Happe, President & CEO and a director of Winnebago Industries (WGO), exercised options to acquire 13,300 shares on 2026-08-13 at an exercise price of $27.89 per share for a cash cost of $370,937. On the same day he sold 12,045 shares in an open-market transaction at $32.68 per share for total proceeds of $393,631.
• The filing also shows a derivative disposition of 13,300 shares at $0.00 tied to the exercise; this type of entry typically appears when option exercises involve net share settlement or withholding but the filing does not provide further detail.

Key Details

• Transaction date: 2026-08-13; Form 4 filed: 2026-08-14 (appears timely).
• Option exercise: 13,300 shares acquired @ $27.89 = $370,937.
• Open-market sale: 12,045 shares sold @ $32.68 = $393,631.
• Derivative disposition: 13,300 shares reported disposed @ $0.00 (reported as part of the exercise).
• Shares owned after transaction: not specified in the provided filing summary.
• Footnotes: F1 — Includes 593 shares acquired through the Winnebago Industries, Inc. Amended and Restated Employee Stock Purchase Plan. F2 — Fully vested.
• No 10b5-1 plan or late-filing flag was noted in the provided data.

Context

• This was an option exercise combined with a same-day open-market sale of a large portion of the exercised shares (common for cashless or partially net-settled exercises). Purchases (exercises) can be interpreted as acquisition activity, but the concurrent sale is often used to cover exercise costs, taxes, or reallocate proceeds; the filing itself is factual and does not state Happe’s motives.