Form 4: Willdan Group CEO Michael Bieber Executes Stock Option and Sells Shares
SEC Form 4
Willdan Group's CEO, Michael Bieber, exercised stock options and sold a portion of his holdings on November 6, 2024.
Summary
- On November 6, 2024, Michael Bieber, the President and CEO of Willdan Group, Inc., exercised stock options to acquire 1,804 shares of common stock at a price of $13.49 per share.
- Simultaneously, Bieber sold 1,804 shares of common stock at a weighted average price of $45.86, with individual sales ranging from $45.77 to $45.93.
- Following these transactions, Bieber directly owns 173,654 shares of Willdan Group, Inc.
- This includes 17,500 restricted stock units vesting in equal installments on March 20, 2025, March 20, 2026, and March 20, 2027, and 8,867 restricted stock shares vesting in equal installments on March 7, 2025, and March 7, 2026, contingent upon continued service.
- Bieber also holds options to purchase 10,868 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sentiment is neutral as it simply reports the facts of the stock option exercise and sale.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies. Monitoring these transactions can provide insights into management's perspective on the company's valuation and future prospects. It is important to consider the overall context of the transactions, including the executive's total holdings and the company's performance.
Stakeholder Impact
- The stock sale could have a minor impact on shareholders, depending on their interpretation of the CEO's actions.
- The transactions do not appear to have a direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 12/31/2015 | First vesting date of stock options granted under the Willdan Group, Inc. Amended and Restated 2008 Performance Incentive Plan. |
| 12/31/2016 | Second vesting date of stock options granted under the Willdan Group, Inc. Amended and Restated 2008 Performance Incentive Plan. |
| 12/31/2017 | Third vesting date of stock options granted under the Willdan Group, Inc. Amended and Restated 2008 Performance Incentive Plan. |
| 12/31/2024 | Expiration date of stock options. |
| 11/06/2024 | Date of stock option exercise and stock sale. |
| 11/08/2024 | Date of Form 4 filing. |
| 03/07/2025 | First vesting date of restricted stock. |
| 03/20/2025 | First vesting date of restricted stock units. |
| 03/07/2026 | Second vesting date of restricted stock. |
| 03/20/2026 | Second vesting date of restricted stock units. |
| 03/20/2027 | Third vesting date of restricted stock units. |
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