Thomas D. Brisbin, serving as a director at Willdan Group, Inc. (NASDAQ:WLDN), executed a series of transactions involving the company’s common stock, as disclosed in a recent Form 4 filing submitted to the Securities and Exchange Commission. The activity, which took place on September 15, 2026, comprised both the exercise of stock options and the subsequent liquidation of shares.
The director sold a total of 4,905 shares of Willdan Group common stock. The aggregate value derived from these sales amounted to $389,254. The execution of these sales occurred at varying price points, ranging between $79.00 and $80.94 per share. Specifically, the transaction split indicates that 4,005 shares were sold at prices falling within the $79.00 to $79.19 range. An additional 900 shares were sold at prices between $80.67 and $80.94.
At the time of reporting, the stock was trading at $78.38. This current price reflects a year-to-date decline of 24%. Despite this recent performance trajectory, valuation analysis indicates that the company may be trading at a discount relative to its growth potential. Key metrics such as a price-to-earnings ratio of 18.5 and a notably low price-to-earnings-to-growth ratio of 0.23 suggest an attractive valuation profile when measured against projected earnings expansion.
Before executing the sales, Mr. Brisbin acquired the 4,905 shares by exercising stock options. The exercise price for these options was set at $16.27 per share, resulting in a total cost basis of $79,804. The options originated from the Willdan Group, Inc. Amended and Restated 2008 Performance Incentive Plan. The vesting schedule for these options was structured over a multi-year period, with equal installments vesting on November 3, 2017, November 3, 2018, and November 3, 2019.
Following these reported transactions, Mr. Brisbin’s direct beneficial ownership in Willdan Group stands at 96,687 shares. This total holding includes 1,241 shares of restricted stock. These restricted shares are scheduled to vest on June 17, 2027.
The insider transaction occurs in the context of strong corporate performance. Willdan Group reported earnings for the second quarter of fiscal 2026 that significantly exceeded Wall Street consensus expectations. The company recorded an adjusted earnings per share of $2.07. This result surpassed the analyst consensus estimate of $1.34 by 54.5%. Revenue performance also demonstrated strength, reaching $117.2 million. This figure outperformed the anticipated revenue of $102.33 million. In conjunction with these results, the company raised its full-year outlook, signaling confidence in operational momentum for the remainder of the fiscal year.
Willdan Group also announced a strategic acquisition to expand its engineering capabilities. The firm agreed to acquire substantially all assets of KCS Corporation, an engineering consulting firm headquartered in suburban Chicago, Illinois. This acquisition is designed to bolster Willdan’s engineering and project management infrastructure. The integration is particularly focused on enhancing power delivery engineering for critical infrastructure projects. The transaction brings 15 KCS employees into the organization, expanding the company’s capacity to support projects related to data centers, battery storage, and grid modernization. These developments highlight Willdan Group’s strategic growth initiatives and operational execution.
The combination of insider stock sales, robust financial reporting, and strategic expansion provides a comprehensive view of Willdan Group’s current position in the engineering and infrastructure sector.