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 a portion of the acquired shares on May 24, 2024.
Summary
- On May 24, 2024, Thomas Brisbin, a director of Willdan Group, Inc., executed stock options to acquire 397 shares of common stock at a price of $7.13 per share.
- Simultaneously, Brisbin sold 397 shares of common stock at a price of $31.9 per share.
- Following these transactions, Brisbin directly owns 413,908 shares of Willdan Group, Inc.
- This total includes 11,667 shares of restricted stock vesting in two equal installments on March 7, 2025, and March 7, 2026, and 6,250 shares of restricted stock vesting on March 9, 2025.
- Brisbin also holds 19,821 stock options.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's stock.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership by a company director.
Key Dates
| Date | Description |
|---|---|
| 06/06/2015 | First vesting date of stock options granted under the Willdan Group, Inc. Amended and Restated 2008 Performance Incentive Plan. |
| 06/06/2016 | Second vesting date of stock options granted under the Willdan Group, Inc. Amended and Restated 2008 Performance Incentive Plan. |
| 06/06/2017 | Third vesting date of stock options granted under the Willdan Group, Inc. Amended and Restated 2008 Performance Incentive Plan. |
| 05/24/2024 | Date of stock option exercise and stock sale by Thomas Brisbin. |
| 05/28/2024 | Date of signature on the 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. |
| 06/06/2024 | Expiration date of stock options granted under the Willdan Group, Inc. Amended and Restated 2008 Performance Incentive Plan. |
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