MICAH CHEN - 04 May 2021 Form 4 Insider Report for Willdan Group, Inc. (WLDN)

Signature
/s/ Creighton K. Early, Attorney-in-fact for Micah Chen
Issuer symbol
WLDN
Transactions as of
04 May 2021
Net transactions value
-$118,085
Form type
4
Filing time
11 Jun 2021, 19:05:23 UTC
Next filing
17 Jun 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WLDN Common Stock Award $0 +5,000 +36% $0.000000 18,971 04 May 2021 Direct F1
transaction WLDN Common Stock Award $0 +6,744 +36% $0.000000 25,715 09 Jun 2021 Direct F2, F3
transaction WLDN Common Stock Tax liability $118,085 -3,007 -12% $39.27 22,708 09 Jun 2021 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of restricted stock awarded to the Reporting Person by the Issuer on May 4, 2021, which vest in two equal installments on each of May 4, 2022 and May 4, 2023, subject to the Reporting Person's continued service to the Issuer through the applicable vesting date.
F2 Represents performance-based restricted stock units previously granted to the Reporting Person by the Issuer on June 13, 2019. The performance conditions applicable to the award were determined to have been satisfied by the Issuer's Compensation Committee on June 9, 2021, resulting in the immediate vesting of the restricted stock units as to 6,744 shares of Common Stock.
F3 Includes 5,000 shares of restricted stock that vest in two equal installments on each of May 4, 2022 and May 4, 2023, subject to the Reporting Person's continued service to the Issuer through the applicable vesting date.
F4 Represents shares of the Issuer's Common Stock withheld for tax withholding purposes in connection with the vesting of the performance-based restricted stock units referenced in footnote (2).

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney