Form 4: Willdan Group CEO Michael Bieber Reports Stock Transaction
SEC Form 4 Filing
Willdan Group's CEO, Michael Bieber, reports the withholding of shares to cover tax obligations related to vesting restricted stock.
Summary
- On March 7, 2024, Michael Bieber, the President and CEO of Willdan Group, Inc., had 2,201 shares of common stock withheld to cover tax obligations.
- This was related to the vesting of restricted stock granted on March 7, 2023.
- Following the transaction, Bieber beneficially owns 139,013 shares of Willdan Group, Inc.
- This includes 538 shares purchased under the employee stock purchase plan on December 31, 2023, and 8,867 shares of restricted stock vesting in installments on March 7, 2025, and March 7, 2026.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine transaction. It doesn't indicate positive or negative sentiment.
Industry Context
This is a standard SEC Form 4 filing, reflecting changes in beneficial ownership by a company insider. Such filings are routine and provide transparency to the market regarding insider transactions.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects a change in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 03/07/2023 | Date of restricted stock grant. |
| 12/31/2023 | Date of Common Stock purchased under the Amended and Restated Willdan Group, Inc. 2006 Employee Stock Purchase Plan |
| 03/07/2024 | Date of transaction: shares withheld for tax obligations related to vesting restricted stock. |
| 03/07/2025 | First vesting date for a portion of the restricted stock. |
| 03/07/2026 | Second vesting date for a portion of the restricted stock. |
| 03/11/2024 | Date of signature on the Form 4 filing. |
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