Form 4: Willdan Group Director Thomas Brisbin Reports Stock Award
SEC Form 4
Director Thomas Brisbin reports receiving 2,248 shares of restricted stock from Willdan Group, Inc. on June 12, 2024.
Summary
- On June 12, 2024, Thomas Brisbin, a director of Willdan Group, Inc., acquired 2,248 shares of restricted stock.
- These shares were awarded by the issuer and vest in two substantially equal installments on June 12, 2025, and June 12, 2026.
- Following this transaction, Brisbin beneficially owns 416,156 shares of common stock.
- This total includes previously awarded restricted stock that vests on March 7, 2025, March 7, 2026 and March 9, 2025.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reports a routine stock award to a director. It's a standard practice and doesn't inherently indicate positive or negative performance.
Positives
- The award of restricted stock to a director aligns their interests with the long-term performance of the company.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the compensation and ownership structure of Willdan Group, Inc.
Stakeholder Impact
- The stock award aligns the director's interests with shareholders, potentially encouraging decisions that benefit the company's long-term value.
Key Dates
| Date | Description |
|---|---|
| 06/12/2024 | Date of transaction: Thomas Brisbin acquired 2,248 shares of restricted stock. |
| 06/12/2025 | First vesting date for half of the 2,248 shares of restricted stock awarded on June 12, 2024. |
| 03/07/2025 | First vesting date for half of the 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 half of the 11,667 shares of restricted stock. |
| 06/12/2026 | Second vesting date for half of the 2,248 shares of restricted stock awarded on June 12, 2024. |
| 06/13/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.