EARLY CREIGHTON K 4
Research Summary
AI-generated summary
Willdan (WLDN) CFO Early Creighton Receives RSU Award; Shares Withheld
What Happened
Early Creighton K, Executive Vice President and CFO of Willdan Group, had 3,960 performance-based restricted stock units (RSUs vest) become effective March 11, 2026 (awarded at $0.00). To satisfy tax withholding on the vesting, 2,244 shares were withheld/disposed at an implied value of $83.98 per share, representing approximately $188,451.
Key Details
- Transaction date(s): March 11, 2026; Form 4 filed March 12, 2026 (timely filing).
- Award: 3,960 performance RSUs vested (grant price shown $0.00).
- Withholding: 2,244 shares withheld to cover tax obligations at $83.98/share = $188,451 (reported as disposition code F).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes of note:
- F1: These were performance-based RSUs granted March 7, 2023; performance conditions were certified and units vested March 11, 2026.
- F2: Reporting person still holds additional unvested RSUs totaling 13,045 shares scheduled to vest in installments through March 2029 (details in footnote).
- F3: The 2,244-share disposition reflects shares withheld to satisfy tax withholding on the vested RSUs.
Context
This was a vesting of performance RSUs (an award), not an open-market sale; the only "disposition" reported was withholding of shares for taxes, a routine administrative action that does not necessarily signal an insider view of the stock. For retail investors, purchases can be more informative than routine withholding; here, the filing documents compensation-related vesting and tax withholding rather than a market trade.