Form 4: Willdan Group Executive VP and CFO Sells Shares and Exercises Options
SEC Form 4 Filing
Willdan Group's Executive VP and CFO, Creighton K. Early, sold shares and exercised stock options in multiple transactions.
Summary
- Creighton K. Early, Executive VP and CFO of Willdan Group, Inc., engaged in multiple transactions involving the company's stock.
- On December 6, 2024, Mr. Early sold 234 shares of common stock at an average price of $43.50 per share and acquired 234 shares at $9.08 per share.
- On December 9, 2024, Mr. Early sold 4,349 shares of common stock at an average price of $43.13 per share and acquired 4,349 shares at $9.08 per share.
- These transactions also involved the exercise of stock options granted under the company's 2008 Performance Incentive Plan.
- The stock options vested in three equal installments on December 7, 2016, December 7, 2017, and December 7, 2018.
- Mr. Early also holds restricted stock units and restricted stock that vest over the next few years.
Sentiment
Score: 5
Explanation: The document is a neutral report of insider trading activity, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. It provides transparency into the transactions of key executives.
Comparison to Industry Standards
- Executive stock option exercises and share sales are a common practice in publicly traded companies, particularly around vesting dates.
- The reported transactions are consistent with standard insider trading practices and reporting requirements.
- Comparable companies in the engineering and consulting services sector also have similar executive compensation structures that include stock options and restricted stock units.
Stakeholder Impact
- The transactions may have a minor impact on the stock price, but are unlikely to significantly affect shareholders.
- The transactions are part of the executive compensation package and do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 2016-12-07 | First vesting date for stock options granted under the 2008 Performance Incentive Plan. |
| 2017-12-07 | Second vesting date for stock options granted under the 2008 Performance Incentive Plan. |
| 2018-12-07 | Third vesting date for stock options granted under the 2008 Performance Incentive Plan. |
| 2024-12-06 | Mr. Early sold 234 shares and acquired 234 shares through stock option exercise. |
| 2024-12-09 | Mr. Early sold 4,349 shares and acquired 4,349 shares through stock option exercise. |
| 2024-12-10 | Date of the filing. |
| 2025-03-07 | First vesting date for 15,200 shares of restricted stock. |
| 2025-03-20 | First vesting date for 4,200 shares of restricted stock units. |
| 2025-12-07 | Expiration date for stock options granted under the 2008 Performance Incentive Plan. |
| 2026-03-07 | Second vesting date for 15,200 shares of restricted stock. |
| 2026-03-20 | Second vesting date for 4,200 shares of restricted stock units. |
| 2027-03-20 | Third vesting date for 4,200 shares of restricted stock units. |
Keywords
Willdan Group, WLDN, stock options, share sales, insider trading, executive compensation, restricted stock, Creighton K. Early
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