Form 4: Willdan Group Director Thomas Brisbin Executes Stock Option and Sells Shares
SEC Form 4 Filing
Thomas Brisbin, a director at Willdan Group, exercised stock options and sold shares of common stock on May 28 and 29, 2024.
Summary
- On May 28 and 29, 2024, Thomas Brisbin, a director of Willdan Group, Inc., engaged in transactions involving the company's common stock.
- Brisbin exercised stock options to acquire 18,245 shares on May 28 and 1,576 shares on May 29 at a price of $7.13 per share.
- Concurrently, Brisbin sold 18,245 shares on May 28 at a weighted average price of $32.06 and 1,576 shares on May 29 at a weighted average price of $31.37.
- Following these transactions, Brisbin directly owns 413,908 shares of Willdan Group, Inc. common stock, which includes restricted stock vesting in March 2025 and March 2026.
Sentiment
Score: 5
Explanation: Neutral sentiment as it is a standard disclosure of insider trading activity. The transactions themselves don't necessarily indicate a positive or negative outlook for the company.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions and provides transparency to the market regarding the trading activities of company directors.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company insiders as it can provide insights into management's perspective on the company's value.
Key Dates
| Date | Description |
|---|---|
| 06/06/2015 | Date stock options were granted under the Willdan Group, Inc. Amended and Restated 2008 Performance Incentive Plan |
| 05/28/2024 | Thomas Brisbin exercised stock options and sold shares of Willdan Group common stock. |
| 05/29/2024 | Thomas Brisbin exercised stock options and sold shares of Willdan Group common stock. |
| 05/30/2024 | Date of Form 4 filing. |
| 03/07/2025 | First vesting date for 11,667 shares of restricted stock. |
| 03/09/2025 | Vesting date for 6,250 shares of restricted stock. |
| 03/07/2026 | Second vesting date for 11,667 shares of restricted stock. |
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