Michael J. Happe, President and CEO of Winnebago Industries Inc., filed a Form 4 on August 14, 2026, disclosing a stock option exercise and a subsequent sale of common shares on August 13, 2026, pursuant to a Rule 10b5-1 trading plan.

Key Highlights

  • Option exercise: Happe exercised an employee stock option for 13,300 shares of common stock at an exercise price of $27.89 per share on August 13, 2026.
  • Share sale: Happe disposed of 12,045 shares at a price of $32.68 per share on August 13, 2026.
  • Remaining ownership: Following both transactions, Happe directly beneficially owns 349,349 shares of Winnebago Industries common stock.
  • Rule 10b5-1 plan: The filing indicates the transactions were made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
  • Employee Stock Purchase Plan: The post-exercise share count of 361,394 (prior to the sale) includes 593 shares acquired through the Winnebago Industries, Inc. Amended and Restated Employee Stock Purchase Plan.
  • Option fully vested: The exercised employee stock option was described as fully vested, with an expiration date of October 11, 2026.

Winnebago Industries CEO Happe Discloses Option Exercise and Share Disposal Under 10b5-1 Plan

According to the Form 4 filed with the SEC on August 14, 2026, Michael J. Happe, who serves as President and CEO and is also identified as a director of Winnebago Industries Inc. (NYSE:WGO), reported two transactions in the company's common stock, par value $0.50 per share, both occurring on August 13, 2026. The filing states both transactions were conducted under a Rule 10b5-1 trading plan.

The filing discloses that Happe exercised a fully vested employee stock option covering 13,300 shares at a conversion price of $27.89 per share, coded as an "M" transaction in Table I. Immediately following that exercise, Happe's direct beneficial ownership stood at 361,394 shares, a figure that the filing notes includes 593 shares acquired through the Winnebago Industries, Inc. Amended and Restated Employee Stock Purchase Plan. Happe then disposed of 12,045 shares in an open-market sale coded "S" at a price of $32.68 per share. After this sale, direct beneficial ownership totaled 349,349 shares, according to the filing.

In Table II, the filing separately records the disposition of the option itself: 13,300 derivative securities (employee stock option, right to buy) with an exercise price of $27.89, exercised on August 13, 2026, with an expiration date of October 11, 2026, leaving zero derivative securities beneficially owned following the transaction. The Form 4 was signed by Stacy L. Bogart as attorney-in-fact on August 14, 2026.

What Was Disclosed

The filing reports a two-step transaction by Winnebago Industries' President and CEO: the exercise of 13,300 fully vested stock options at $27.89 per share, followed by the sale of 12,045 shares at $32.68 per share, leaving the executive with 349,349 directly held shares.