Willdan (WLDN) Director Brisbin Exercises Options for 22,635 Shares

What Happened

• Brisbin Thomas Donald, a director of Willdan Group, exercised stock options on 2026-09-16 to acquire 22,635 shares at an exercise price of $16.27 per share, for a cash cost of $368,271. The filing also shows a related derivative disposition (same 22,635 units) recorded at $0.00, reflecting the conversion/extinguishment of the option instrument.

Key Details

• Transaction date: 2026-09-16; Form 4 filed: 2026-09-17 (appears timely).
• Acquisition: 22,635 shares @ $16.27 = $368,271 (transaction code M — option exercise).
• Derivative entry: 22,635 units disposed @ $0.00 (reflects conversion of the derivative instrument).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnotes: F1 — includes 1,241 restricted shares that vest on June 17, 2027. F2 — the exercised options were granted under the company’s Amended and Restated 2008 Performance Incentive Plan and vested in three equal installments on Nov 3, 2017, Nov 3, 2018 and Nov 3, 2019.

Context

• This was an option exercise (code M), meaning the insider paid the exercise price to convert previously granted options into common shares. The $0.00 "disposition" line reflects the extinguishing/conversion of the derivative instrument, not a sale of the resulting shares. No immediate sale of shares is reported in this filing.