[Form 4] WINNEBAGO INDUSTRIES INC Insider Trading Activity

Rhea-AI Filing Summary

Winnebago Industries (WGO) reported an insider equity award for its SVP & Chief Financial Officer on a Form 4. The officer acquired 14,654 restricted stock units at a stated price of $0 on 10/14/2025, bringing direct holdings to 84,813 shares after the transaction.

The filing also shows a grant of 18,897 employee stock options with an exercise price of $30.75 per share, expiring on 10/14/2035. Both the RSUs and options vest in annual one‑third increments beginning 10/14/2026 under the company’s Amended & Restated 2019 Omnibus Incentive Plan.

Insights

Corporate governance analyst

Routine CFO equity grants with time-based vesting.

The disclosure lists time-vested awards to the SVP & CFO: 14,654 RSUs and 18,897 options at $30.75 per share. These are typical components of executive compensation intended to align interests with shareholders over multi-year periods.

Vesting occurs in one-third annual tranches starting 10/14/2026, with option expiry on 10/14/2035. Direct holdings total 84,813 shares after the reported transaction. Actual dilution or exercise timing depends on future vesting and decisions by the holder.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hughes Bryan L

(Last) (First) (Middle)

WINNEBAGO INDUSTRIES, INC.

13200 PIONEER TRAIL

(Street)

EDEN PRAIRIE MN 55347

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
WINNEBAGO INDUSTRIES INC [ WGO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP & CHIEF FINANCIAL OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
10/14/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $.50 par value	10/14/2025		A		14,654(1)	A	$0	84,813	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (right to buy)	$30.75	10/14/2025		A		18,897		(2)	10/14/2035	Common Stock	18,897	$30.75	18,897	D

Explanation of Responses:

1. Granted 10/14/2025 under the Winnebago Industries, Inc. Amended & Restated 2019 Omnibus Incentive Plan. Restricted stock units vest in annual increments of one-third beginning on 10/14/2026.

2. Stock options vest in annual increments of one-third beginning on 10/14/2026.

	/s/ Stacy L. Bogart, Attorney-in-Fact	10/16/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Winnebago (WGO) disclose in this Form 4?

An equity award to the SVP & CFO: 14,654 RSUs and 18,897 stock options granted on 10/14/2025.

How many RSUs did WGO’s CFO receive and at what price?

The CFO received 14,654 RSUs at a stated price of $0.

What are the terms of the WGO stock options granted?

The grant covers 18,897 options at an exercise price of $30.75 per share, expiring on 10/14/2035.

When do the RSUs and options vest for WGO’s CFO?

Both vest in annual one‑third increments beginning on 10/14/2026.

How many WGO shares does the CFO hold after the transaction?

Direct beneficial ownership is 84,813 shares after the reported transaction.

Under what plan were these WGO awards granted?

They were granted under the Amended & Restated 2019 Omnibus Incentive Plan.