Form 4: Willdan Group Executive VP Creighton K. Early Executes Stock Option and Sells Shares
SEC Form 4
Creighton K. Early, Executive VP and CFO of Willdan Group, exercised stock options and sold shares of common stock on August 7, 2024.
Summary
- On August 7, 2024, Creighton K. Early, Executive VP and CFO of Willdan Group, Inc., exercised stock options to acquire 10,000 shares of common stock at a price of $9.08 per share.
- Following the exercise of the options, Early sold 9,804 shares at a weighted average price of $36.44, with prices ranging from $36.00 to $36.97.
- Additionally, Early sold 196 shares at a weighted average price of $37.15, with prices ranging from $37.00 to $37.30.
- After these transactions, Early beneficially owns 68,342 shares of Willdan Group, Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing insider transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about stock option exercises and sales.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily reflect broader industry trends. However, monitoring insider activity can provide insights into management's perspective on the company's valuation and future prospects.
Comparison to Industry Standards
- Comparing Willdan Group's insider trading activity to similar companies in the engineering and consulting services sector, such as Tetra Tech (TTEK) or AECOM (ACM), would provide a benchmark.
- Analyzing the frequency and size of insider transactions relative to company performance and industry averages can offer a more comprehensive view.
- It's important to consider the specific circumstances of each transaction, such as option exercises versus open market purchases or sales.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of shares outstanding.
- The impact on employees, customers, suppliers, and creditors is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 12/07/2016 | First vesting date of stock options granted under the Willdan Group, Inc. Amended and Restated 2008 Performance Incentive Plan. |
| 12/07/2017 | Second vesting date of stock options granted under the Willdan Group, Inc. Amended and Restated 2008 Performance Incentive Plan. |
| 12/07/2018 | Third vesting date of stock options granted under the Willdan Group, Inc. Amended and Restated 2008 Performance Incentive Plan. |
| 06/30/2024 | Date of Common Stock purchase under the Amended and Restated Willdan Group, Inc. 2006 Employee Stock Purchase Plan. |
| 08/07/2024 | Date of stock option exercise and stock sales by Creighton K. Early. |
| 08/08/2024 | Date of signature for the Form 4 filing. |
| 03/20/2025 | First vesting date of restricted stock units. |
| 03/07/2025 | First vesting date of restricted stock. |
| 03/20/2026 | Second vesting date of restricted stock units. |
| 03/07/2026 | Second vesting date of restricted stock. |
| 03/20/2027 | Third vesting date of restricted stock units. |
| 12/07/2025 | Expiration date of stock options. |
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