Form 4: Willdan Group CEO Exercises Options and Sells Shares
SEC Form 4 Filing
Willdan Group's CEO, Michael A. Bieber, exercised stock options and sold shares on November 11, 2024.
Summary
- Michael A. Bieber, the President and CEO of Willdan Group, Inc., exercised 10,868 stock options at a price of $13.49 per share on November 11, 2024.
- On the same day, Mr. Bieber sold 10,868 shares of common stock at a weighted average price of $45.67 per share.
- The sales occurred in multiple transactions with prices ranging from $45.45 to $45.80 per share.
- Following these transactions, Mr. Bieber beneficially owns 173,654 shares of Willdan Group, Inc. common stock.
- This includes 17,500 restricted stock units vesting in three equal installments and 8,867 restricted shares vesting in two equal installments, all subject to continued service.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating routine transactions by an executive. It doesn't inherently suggest positive or negative sentiment.
Industry Context
This is a routine filing related to executive stock option exercises and sales, which is common in publicly traded companies. It provides transparency into the transactions of key personnel.
Comparison to Industry Standards
- Executive stock option exercises and sales are a standard practice in publicly traded companies, particularly in the technology and engineering sectors where Willdan operates.
- The vesting schedules for restricted stock and stock units are typical, often tied to continued employment and performance milestones.
- The price range of the share sales is within the normal fluctuations of the stock price, and the weighted average price is a common metric used in such filings.
Stakeholder Impact
- The transactions may have a minor impact on the stock price, but are unlikely to cause significant fluctuations.
- Shareholders are informed of the CEO's transactions, promoting transparency.
Key Dates
| Date | Description |
|---|---|
| 12/31/2015 | First vesting date for stock options granted under the 2008 Performance Incentive Plan. |
| 12/31/2016 | Second vesting date for stock options granted under the 2008 Performance Incentive Plan. |
| 12/31/2017 | Third vesting date for stock options granted under the 2008 Performance Incentive Plan. |
| 11/11/2024 | Date of stock option exercise and share sale by Michael A. Bieber. |
| 11/12/2024 | Date of signature for the SEC Form 4 filing. |
| 03/07/2025 | First vesting date for a portion of restricted stock. |
| 03/20/2025 | First vesting date for a portion of restricted stock units. |
| 03/07/2026 | Second vesting date for a portion of restricted stock. |
| 03/20/2026 | Second vesting date for a portion of restricted stock units. |
| 03/20/2027 | Third vesting date for a portion of restricted stock units. |
| 12/31/2024 | Expiration date for the stock options exercised. |
Keywords
stock options, insider trading, share sale, executive compensation, Willdan Group, WLDN, Michael A. Bieber
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