Form 4: Willdan Group Executive VP Creighton K. Early Reports Stock Transactions
SEC Form 4
Creighton K. Early, Executive VP and CFO of Willdan Group, Inc., reports acquisition of 2,520 shares and disposal of 1,356 shares to cover tax obligations.
Summary
- On March 11, 2025, Creighton K. Early, Executive VP and CFO of Willdan Group, Inc., acquired 2,520 shares of common stock due to the vesting of performance-based restricted stock units.
- These restricted stock units were granted on March 7, 2023, and vested upon the satisfaction of performance conditions as determined by the Issuer's Compensation Committee.
- Additionally, 1,356 shares were disposed of at a price of $40.11 to cover tax withholding obligations related to the vesting of these restricted stock units.
- Following these transactions, Early directly owns 66,458 shares of Willdan Group, Inc.
- The report also mentions that Early holds 4,200 shares of restricted stock units that vest in three substantially equal installments on each of March 20, 2025, March 20, 2026 and March 20, 2027 and (ii) 7,600 shares of restricted stock that vest on March 7, 2026, subject to the Reporting Person's continued service to the Issuer through the applicable vesting date.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing represents routine transactions related to executive compensation and tax obligations. There are no indications of unusual activity or concerns.
Positives
- The vesting of performance-based restricted stock units indicates that performance targets were met, which could be viewed positively.
Negatives
- The disposal of 1,356 shares to cover tax obligations, while a normal occurrence, represents a slight reduction in Early's holdings.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices and tax obligations.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/07/2023 | Date performance-based restricted stock units were granted to the Reporting Person by the Issuer. |
| 03/11/2025 | Date of transaction: acquisition of 2,520 shares and disposal of 1,356 shares. |
| 03/12/2025 | Date of Form 4 filing. |
| 03/20/2025 | Date of vesting of restricted stock units. |
| 03/20/2026 | Date of vesting of restricted stock units. |
| 03/07/2026 | Date of vesting of restricted stock units. |
| 03/20/2027 | Date of vesting of restricted stock units. |
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