Form 4: Willdan Group CEO Michael Bieber Reports Stock Transactions
SEC Form 4
Willdan Group's CEO, Michael Bieber, reports the vesting of performance-based restricted stock units and subsequent tax withholding.
Summary
- On March 24, 2025, Michael Bieber, the President and CEO of Willdan Group, Inc., reported transactions involving the company's common stock.
- 15,750 performance-based restricted stock units vested, resulting in the acquisition of shares.
- 8,246 shares were withheld to cover tax obligations related to the vesting of these units at a price of $42.53.
- Following these transactions, Bieber directly owns 200,981 shares of Willdan Group's common stock.
- These holdings include unvested restricted stock units scheduled to vest on March 17, 2026, March 17, 2027, March 17, 2028, March 20, 2026, March 20, 2027 and March 7, 2026, contingent upon continued service.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects routine transactions related to executive compensation. The vesting of performance-based units is a positive signal, but the tax withholding is a neutral event.
Positives
- The vesting of performance-based restricted stock units suggests that performance goals were met, which could be viewed positively.
Negatives
- The withholding of shares to cover tax obligations resulted in a decrease in the number of shares directly held by the CEO.
Risks
- Future vesting of restricted stock units is contingent upon the CEO's continued service to the company.
Future Outlook
Future vesting of restricted stock units is contingent upon the Reporting Person's continued service to the Issuer through the applicable vesting date.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CEO's compensation structure includes performance-based incentives.
Stakeholder Impact
- Shareholders may view the vesting of performance-based units as a positive sign of company performance.
- The transactions have a minor impact on the overall shareholding structure.
Key Dates
| Date | Description |
|---|---|
| March 20, 2024 | Date of original grant of performance-based restricted stock units. |
| March 24, 2025 | Date of transaction: Vesting of performance-based restricted stock units and tax withholding. |
| March 17, 2026 | First vesting date for 19,250 restricted stock units. |
| March 20, 2026 | First vesting date for 11,667 restricted stock units. |
| March 7, 2026 | Vesting date for 4,434 restricted stock units. |
| March 17, 2027 | Second vesting date for 19,250 restricted stock units. |
| March 20, 2027 | Second vesting date for 11,667 restricted stock units. |
| March 17, 2028 | Third vesting date for 19,250 restricted stock units. |
| March 26, 2025 | Date of Form 4 filing. |
Keywords
Willdan Group, Michael Bieber, Form 4, Stock Transactions, Restricted Stock Units, Vesting, Tax Withholding, Beneficial Ownership
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