CHEN MICAH 4
4 · Willdan Group, Inc. · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Willdan (WLDN) EVP/General Counsel Micah Chen Receives RSU Award; Shares Withheld
What Happened Micah Chen, Executive Vice President & General Counsel of Willdan Group, had 3,960 performance-based restricted stock units (RSUs) vest effective March 11, 2026 (award/acquisition). To satisfy tax withholding on the vesting, 1,738 shares were withheld/disposed at an implied price of $83.98 per share, totaling $145,957. The RSUs were originally granted on March 7, 2023 and the performance conditions were certified by the Compensation Committee on March 11, 2026.
Key Details
- Transaction date: March 11, 2026 (Form filed March 12, 2026; filing appears timely).
- Award/acquisition: 3,960 shares vested (code A), acquisition price $0.00 (typical for RSU vesting).
- Tax withholding/disposition: 1,738 shares withheld (code F) at $83.98/share = $145,957 to cover tax obligations.
- Remaining unvested RSUs noted in filing: 4,500 RSUs (vest in 3 equal installments starting Mar 3, 2027), 4,620 RSUs (vest in 3 equal installments starting Mar 17, 2026), and 2,800 RSUs (vest in 2 installments starting Mar 20, 2026) — total 11,920 unvested RSUs per footnote.
- Footnotes: (1) performance RSUs from Mar 7, 2023 vested as of Mar 11, 2026; (3) shares withheld to satisfy tax withholding. The filing does not state total shares owned after the transaction.
Context This was a vesting of performance-based RSUs, not an open-market buy or voluntary sale. Withholding shares to cover taxes is a routine administrative step (a cashless withholding disposition) and does not necessarily indicate a change in insider sentiment. For retail investors, vesting confirms previously granted compensation converted into company shares; the net increase in Chen’s free-floating shares is the vested amount minus the withheld shares (3,960 − 1,738 = 2,222 net shares added).
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-03-11+3,960→ 48,627 total - Tax Payment
Common Stock
[F3][F2]2026-03-11$83.98/sh−1,738$145,957→ 46,889 total
Footnotes (3)
- [F1]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 effective on March 11, 2026, resulting in the immediate vesting of the restricted stock units as to 3,960 shares of Common Stock.
- [F2]Includes (i) 4,500 shares of restricted stock units that vest in three substantially equal installments on each of March 3, 2027, March 3, 2028 and March 3, 2029, (ii) 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, and (iii) 2,800 shares of restricted stock units that vest in two substantially equal installments on each of March 20, 2026 and March 20, 2027, subject to the Reporting Person's continued service to the Issuer through the applicable vesting date.
- [F3]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 (1).