Form 4: Willdan Group Executive VP Micah Chen Reports Stock Transaction
SEC Form 4 Filing
Micah Chen, Executive VP & General Counsel of Willdan Group, Inc., reports the disposal of 523 shares to cover tax obligations related to vesting restricted stock.
Summary
- Micah Chen, an Executive VP & General Counsel at Willdan Group, Inc. (WLDN), filed a Form 4 on March 11, 2024.
- The form reports a transaction on March 7, 2024, where 523 shares of common stock were disposed of to satisfy tax withholding obligations related to the vesting of restricted stock.
- The shares were disposed of at a price of $19.85 per share.
- Following the transaction, Chen beneficially owns 24,190 shares of Willdan Group, Inc.
- This includes 538 shares purchased under the Employee Stock Purchase Plan on December 31, 2023, and 1,867 shares of restricted stock vesting in installments on March 7, 2025, and March 7, 2026.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the transaction is related to tax obligations, indicating a neutral sentiment.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine disposal of shares for tax purposes by an executive.
Key Dates
| Date | Description |
|---|---|
| 03/07/2023 | Date restricted stock was granted. |
| 12/31/2023 | Date of Common Stock purchased under the Amended and Restated Willdan Group, Inc. 2006 Employee Stock Purchase Plan. |
| 03/07/2024 | Date of stock transaction (disposal of shares for tax withholding). |
| 03/07/2025 | First vesting date of restricted stock (1,867 shares). |
| 03/07/2026 | Second vesting date of restricted stock (1,867 shares). |
| 03/11/2024 | Date Form 4 was filed. |
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