Willdan CFO Executes Option Exercise and Sale; Reports 72,071 Shares Held
Rhea-AI Filing Summary
Creighton K. Early, Executive Vice President and Chief Financial Officer of Willdan Group, Inc. (WLDN), reported option exercise and a contemporaneous sale on 08/13/2025. He exercised 7,764 stock options with an exercise price of $9.08 and immediately sold 7,764 shares at $116.54. Following the transactions, he reported beneficial ownership of 72,071 shares.
The filing also discloses unvested restricted stock units: 4,620 RSUs vesting in three equal installments on March 17 of 2026–2028, 2,800 RSUs vesting in two equal installments on March 20 of 2026–2027, and 7,600 restricted shares vesting on March 7, 2026, all subject to continued service.
Positive
- Sale price exceeded exercise price: options exercised at $9.08 and shares sold at $116.54, indicating realized intrinsic value.
- Significant retained ownership: reporting person still beneficially owns 72,071 shares after the transactions.
- Clear vesting schedule disclosed: RSUs and restricted shares include specific vesting dates through March 2028, aligning incentives with continued service.
Negative
- Disposition of shares: reporting person sold 7,764 shares, which is a material sale of insider stock.
- Concentration of equity compensation: a substantial portion of the reporting person’s holdings are subject to time-based vesting, which may affect future liquidity/tax events.
Insights
TL;DR Insider exercised options at $9.08 and sold at $116.54; holdings remain substantial at 72,071 shares.
This is a routine option exercise combined with a sale, explicitly showing a large spread between the exercise price and sale price which realized intrinsic value. The remaining reported beneficial ownership of 72,071 shares plus the scheduled RSU vesting schedule maintains the executive's ongoing equity exposure to the company.
TL;DR Transaction aligns with typical executive compensation monetization while retaining significant vested and unvested equity.
The Form 4 indicates compliance with Section 16 reporting and discloses vesting timelines for restricted awards. The reporting person remains an officer and director with material ongoing holdings and unvested awards that incentivize continued service.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (Right to Buy) | 7,764 | $0.00 | -- |
| Exercise | Common Stock | 7,764 | $9.08 | $70K |
| Sale | Common Stock | 7,764 | $116.54 | $905K |
Footnotes (1)
- Includes (i) 4,620 shares of restricted stock units that vest in three substantially equal installments on each of March 17, 2026, March 17, 2027 and March 17, 2028, (ii) 2,800 shares of restricted stock units that vest in two substantially equal installments on each of March 20, 2026 and March 20, 2027 and (iii) 7,600 shares of restricted stock that vest on March 7, 2026, subject to the Reporting Person's continued service to the Issuer through the applicable vesting date. Stock options granted under the Willdan Group, Inc. Amended and Restated 2008 Performance Incentive Plan, which vested in three equal installments on each of December 7, 2016, December 7, 2017 and December 7, 2018.