Form 4: Willdan Group CEO Michael Bieber Reports Stock Transactions
SEC Form 4 Filing
Willdan Group's CEO, Michael Bieber, reports the vesting of performance-based restricted stock units and shares withheld for tax obligations.
Summary
- Michael Bieber, the CEO of Willdan Group, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On March 11, 2025, performance-based restricted stock units, granted on March 7, 2023, vested, resulting in 11,970 shares of common stock being acquired.
- 6,268 shares were withheld to cover tax obligations related to the vesting of these restricted stock units at a price of $40.11 per share.
- Following these transactions, Bieber beneficially owns 177,281 shares of Willdan Group, Inc.
- These holdings include 17,500 restricted stock units vesting in installments through March 2027 and 4,434 restricted stock units vesting on March 7, 2026, contingent on continued service.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and are closely monitored by investors for insights into management's perspective on the company's stock.
Stakeholder Impact
- The vesting of restricted stock units dilutes existing shareholders' equity to a small degree.
- The tax withholding generates revenue for government entities.
Key Dates
| Date | Description |
|---|---|
| March 7, 2023 | Date of original grant of performance-based restricted stock units. |
| March 11, 2025 | Date of vesting of performance-based restricted stock units and tax withholding. |
| March 12, 2025 | Date of filing the Form 4. |
| March 20, 2025 | First vesting date of 17,500 restricted stock units. |
| March 20, 2026 | Second vesting date of 17,500 restricted stock units. |
| March 7, 2026 | Vesting date of 4,434 restricted stock units. |
| March 20, 2027 | Final vesting date of 17,500 restricted stock units. |
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