Paul Milton Whitelaw - Mar 28, 2022 Form 4 Insider Report for Willdan Group, Inc. (WLDN)

Role
SVP, BUSINESS DEVELOPMENT
Signature
/s/ Creighton K. Early, Attorney-in-fact for Paul Milton Whitelaw
Stock symbol
WLDN
Transactions as of
Mar 28, 2022
Transactions value $
-$41,387
Form type
4
Date filed
3/30/2022, 05:31 PM
Previous filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WLDN Common Stock Award $0 +1.32K +5.41% $0.00 25.6K Mar 28, 2022 Direct F1, F2
transaction WLDN Common Stock Award $0 +1.25K +4.89% $0.00 26.9K Mar 28, 2022 Direct F2, F3
transaction WLDN Common Stock Tax liability -$21.2K -687 -2.56% $30.84 26.2K Mar 28, 2022 Direct F2, F4
transaction WLDN Common Stock Tax liability -$20.2K -655 -2.5% $30.84 25.5K Mar 28, 2022 Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents performance-based restricted stock units previously granted to the Reporting Person by the Issuer on March 6, 2018. The performance conditions applicable to the award were determined to have been satisfied by the Issuer's Compensation Committee on March 28, 2022, resulting in the immediate vesting of the restricted stock units as to 1,316 shares of Common Stock.
F2 Includes 3,800 shares of restricted stock that vest in one installment on March 8, 2023, subject to the Reporting Person's continued service to the Issuer through the applicable vesting date.
F3 Represents performance-based restricted stock units previously granted to the Reporting Person by the Issuer on March 2, 2020. The performance conditions applicable to the award were determined to have been satisfied by the Issuer's Compensation Committee on March 28, 2022, resulting in the immediate vesting of the restricted stock units as to 1,254 shares of Common Stock.
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 (1).
F5 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 (3).