Form 4: Willdan Group CEO Michael Bieber Executes Stock Option Exercises and Sales
SEC Form 4 Filing
Willdan Group's CEO, Michael Bieber, recently exercised stock options and sold shares of common stock, as detailed in a Form 4 filing with the SEC.
Summary
- On August 8, 2024, Michael Bieber, the President and CEO of Willdan Group, Inc., exercised stock options to acquire 10,273 shares of common stock at a price of $13.49 per share.
- On the same day, Bieber sold 10,273 shares of common stock at a weighted average price of $36.43 per share, with individual sales ranging from $36.35 to $36.67.
- On August 9, 2024, Bieber exercised stock options to acquire 9,209 shares of common stock at a price of $13.49 per share.
- Also on August 9, 2024, Bieber sold 9,209 shares of common stock at a weighted average price of $36.36 per share, with individual sales ranging from $36.35 to $36.39.
- Following these transactions, Bieber directly owns 169,726 shares of Willdan Group, Inc.
- This total includes 17,500 restricted stock units vesting in installments on March 20, 2025, March 20, 2026, and March 20, 2027, and 8,867 restricted stock shares vesting in installments on March 7, 2025, and March 7, 2026, contingent upon continued service.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports stock transactions by an executive, which is a normal part of executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are closely monitored by investors for insights into management's perspective on the company's value and future prospects.
Comparison to Industry Standards
- Executive compensation packages often include stock options and restricted stock units to align management's interests with those of shareholders.
- The vesting schedules and exercise prices are typical components of such compensation plans.
- Comparing Bieber's transactions to those of executives at similar companies (e.g., AECOM, Tetra Tech) would provide a benchmark for assessing the magnitude and timing of these activities.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
- Employees are unlikely to be directly affected by these transactions.
Key Dates
| Date | Description |
|---|---|
| 12/31/2015 | Date stock options began vesting. |
| 08/08/2024 | Date of stock option exercise and sale. |
| 08/09/2024 | Date of stock option exercise and sale. |
| 08/12/2024 | Date of 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 | Final vesting date for a portion of restricted stock units. |
| 12/31/2024 | Expiration date of stock options. |
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