Winnebago (WGO) Director Granted 626 Deferred Units; 1,629 Shares Held

Rhea-AI Filing Summary

Michael E. Pack, a director of Winnebago Industries, Inc. (WGO), acquired 626 Deferred Stock Units under the company's Directors Deferred Compensation Plan on 08/29/2025 at a recorded per-unit price of $35.98. The filing states those units will be settled 100% in Winnebago common stock upon the director's termination of service, death, disability, or a defined change in control. After this transaction, the report shows the reporting person beneficially owns 1,629 shares of common stock directly. The Form 4 was signed by an attorney-in-fact on 09/02/2025.

Insights

Corporate Governance Expert

TL;DR Director Pack received 626 deferred stock units that convert to common shares upon service termination or change in control, modestly increasing direct holdings.

The transaction is a routine director compensation event disclosed under Section 16. The units are governed by the Directors Deferred Compensation Plan and will be settled entirely in common stock upon specified triggering events, which aligns director compensation with shareholder equity. The filing quantifies the units (626) and the per-unit price ($35.98), and reports total direct beneficial ownership of 1,629 shares after the grant. No amendments, dispositions, or derivative instruments are reported.

Securities Compliance Analyst

TL;DR Form 4 reports an acquisition of Deferred Stock Units by a director; disclosure appears complete for the reported grant.

The Form 4 discloses the transaction date (08/29/2025), transaction code (A for acquisition), number of units (626), and price ($35.98). The filing includes the settlement conditions for the deferred units and the resulting direct beneficial ownership (1,629 shares). The form is signed by an attorney-in-fact and contains no indications of amendments or other transactions. This is a routine, required insider filing consistent with Section 16 reporting obligations.

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
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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^*

Pack Michael E

(Last) (First) (Middle)

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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/29/2025

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

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
Deferred Stock Units	(1)	08/29/2025		A		626		(1)	(1)	Common Stock	626	$35.98	1,629	D

Explanation of Responses:

1. Deferred Stock Units are accrued under the Winnebago Industries, Inc. Directors Deferred Compensation Plan and are to be settled 100% in Winnebago Industries common stock upon the earliest of the following events reporting person's termination of service as a director, death, disability or a "change in the effective control of the Company" as defined in the Plan pursuant to an election made by reporting person.

	/s/ Stacy L. Bogart, Attorney-in-Fact	09/02/2025
	** 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 transaction did Michael E. Pack report for WGO?

The Form 4 reports an acquisition of 626 Deferred Stock Units on 08/29/2025 with a per-unit price of $35.98.

How will the Deferred Stock Units be settled?

The Deferred Stock Units are to be settled 100% in Winnebago common stock upon the director's termination of service, death, disability, or a defined change in control.

What is Michael E. Pack's beneficial ownership after the transaction?

The filing reports 1,629 shares of common stock beneficially owned following the reported transaction.

When was the Form 4 signed and who signed it?

The signature on the Form 4 is /s/ Stacy L. Bogart, Attorney-in-Fact dated 09/02/2025.