Micah Chen - Mar 20, 2024 Form 4 Insider Report for Willdan Group, Inc. (WLDN)

Role
EXECUTIVE VP & GENERAL COUNSEL
Signature
/s/ Creighton K. Early, Attorney-in-fact for Micah Chen
Stock symbol
WLDN
Transactions as of
Mar 20, 2024
Transactions value $
-$38,901
Form type
4
Date filed
3/22/2024, 05:36 PM
Previous filing
Mar 11, 2024
Next filing
Aug 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WLDN Common Stock Award $0 +4.2K +17.36% $0.00 28.4K Mar 20, 2024 Direct F1, F2
transaction WLDN Common Stock Award $0 +2.52K +8.88% $0.00 30.9K Mar 20, 2024 Direct F2, F3
transaction WLDN Common Stock Tax liability -$38.9K -1.41K -4.57% $27.55 29.5K Mar 20, 2024 Direct F2, 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 units awarded to the Reporting Person by the Issuer on March 20, 2024, which vest in three substantially equal installments on each of March 20, 2025, March 20, 2026 and March 20, 2027, subject to the Reporting Person's continued service to the Issuer through the applicable vesting date.
F2 Includes (i) 4,200 shares of restricted stock units that vest in three substantially equal installments on each of March 20, 2025, March 20, 2026 and March 20, 2027 and (ii) 1,867 shares of restricted stock that vest in two substantially equal installments on each of March 7, 2025 and March 7, 2026, 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 7, 2023. The performance conditions applicable to the award were determined to have been satisfied by the Issuer's Compensation Committee on March 20, 2024, resulting in the immediate vesting of the restricted stock units as to 2,520 shares of Common Stock.
F4 Represents shares of the Issuer's Common Stock withheld to satisfy tax withholding obligations in connection with the vesting of the performance-based restricted stock units referenced in footnote (3).