Thomas D. Brisbin - Sep 14, 2022 Form 4 Insider Report for Willdan Group, Inc. (WLDN)

Role
CHIEF EXECUTIVE OFFICER, Director, CHAIRMAN OF THE BOARD
Signature
/s/ Creighton K. Early, Attorney-in-Fact for Thomas D. Brisbin
Stock symbol
WLDN
Transactions as of
Sep 14, 2022
Transactions value $
$0
Form type
4
Date filed
9/15/2022, 05:49 PM
Previous filing
Mar 30, 2022
Next filing
Mar 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WLDN Common Stock Disposed to Issuer -10K -2.54% 383K Sep 14, 2022 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 14, 2022, the Reporting Person and the Issuer mutually agreed to cancel 10,000 shares of restricted stock, which were previously awarded to the Reporting Person by the Issuer on March 8, 2022, and which were scheduled to vest in one installment on March 8, 2023, subject to the Reporting Person's continued service to the Issuer through such date. The Reporting Person received a new grant of 4,000 performance-based restricted stock units as consideration for such cancellation. The cancellation of shares of restricted stock and subsequent new grant of performance-based restricted stock units were approved by the Compensation Committee of the Issuer's Board of Directors on September 14, 2022.
F2 Includes (i) 18,750 shares of restricted stock that vest in three substantially equal installments on each of March 9, 2023, March 9, 2024 and March 9, 2025 and (ii) 13,751 shares of restricted stock that vest on March 8, 2023, subject to the Reporting Person's continued service to the Issuer through the applicable vesting date.
F3 Includes 533 shares of Common Stock purchased under the Amended and Restated Willdan Group, Inc. 2006 Employee Stock Purchase Plan on June 30, 2022.