Form 4: Willdan Group Executive VP Micah Chen Reports Stock Transaction
SEC Form 4 Filing
Micah Chen, Executive VP & General Counsel of Willdan Group, reports the withholding of shares to cover tax obligations related to vesting restricted stock.
Summary
- On March 7, 2025, Micah Chen, Executive VP & General Counsel of Willdan Group, Inc., had shares withheld to cover tax obligations.
- A total of 458 shares of common stock were withheld at a price of $41.8.
- Following the transaction, Chen beneficially owns 31,053 shares.
- This includes shares purchased under the Employee Stock Purchase Plan and restricted stock units vesting in future years.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices; it doesn't indicate positive or negative sentiment.
Future Outlook
The reporting person holds restricted stock units that vest in three substantially equal installments on March 20, 2025, March 20, 2026 and March 20, 2027 and restricted stock that vests on March 7, 2026, subject to continued service to the Issuer.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.
Key Dates
| Date | Description |
|---|---|
| 03/07/2023 | Date restricted stock was granted. |
| 12/31/2024 | Date of Common Stock purchase under Employee Stock Purchase Plan. |
| 03/07/2025 | Date of transaction (stock withholding for tax obligations). |
| 03/20/2025 | First vesting date of restricted stock units. |
| 03/07/2026 | Vesting date of restricted stock. |
| 03/20/2026 | Second vesting date of restricted stock units. |
| 03/20/2027 | Third vesting date of restricted stock units. |
| 03/11/2025 | Date of Form 4 filing. |
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