Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-18

Willdan Group (WLDN)

CEO Michael Bieber was paid $3,637,831 in fiscal year 2025, ↑ up 51.6% from fiscal year 2024, the 55th percentile of its disclosed peer group (SEC filing 0001104659-26-048621 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$3,637,831 ↑
Michael Bieber total, FY2025
55th
CEO pay percentile vs peers
—
CEO-to-median pay ratio
93.25%
Say-on-pay support, latest vote

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Michael Bieber (President and Chief Executive Officer), FY2025 total compensation $3,637,831 (base salary $606,241) [exec_comp, SEC accession 0001104659-26-048621, filed 2026-04-24]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Michael Bieber$606,241$1,200,000$1,827,320$0$0$0$4,270$3,637,831
President and Chief Executive Officer
Creighton Early466,359500,000438,5570004,2501,409,166
Executive Vice President and Chief Financial Officer
Micah Chen420,992500,000438,5570004,2501,363,799
Executive Vice President and General Counsel

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Michael Bieber$3,637,831$2,400,089$1,270,785↑ +1,237,742
Creighton Early1,409,166936,568924,687↑ +472,598
Micah Chen1,363,799896,024549,936↑ +467,775

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against WLDN
4 companies name WLDN as a compensation peer

Each company listed discloses WLDN in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named WLDN in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Micah ChenRSU2025-03-17——4,620—$191,869
Micah ChenPSU2025-03-17—5,940—14,850246,688
Creighton EarlyPSU2025-03-17—5,940—14,850246,688
Creighton EarlyRSU2025-03-17——4,620—191,869
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Micah Chen$191,869$246,688$056.2%
Creighton Early191,869246,688056.2%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Micah ChenPSU3,960—$70,607
Creighton EarlyRSU7,600—135,508
Michael BieberPSU61,875—2,569,669
Michael BieberPSU40,500—1,115,775
Michael BieberRSU19,250—799,453
Micah ChenPSU9,720—267,786
Creighton EarlyPSU14,850—616,721
Micah ChenPSU14,850—616,721
Michael BieberPSU18,810—335,382
Michael BieberRSU11,667—321,416
Creighton EarlyPSU9,720—267,786
Creighton EarlyRSU4,620—191,869
Micah ChenRSU4,620—191,869
Michael BieberRSU4,434—79,058
Creighton EarlyRSU2,800—77,140
Micah ChenRSU2,800—77,140
Creighton EarlyPSU3,960—70,607
Micah ChenRSU934—16,653
05

Incentive-plan design — the Compensation Discussion & Analysis

The primary objective of the executive compensation program is to align executives' pay with the long-term interests of stockholders by emphasizing variable, at-risk compensation that rewards short-term and long-term financial, strategic, and operational performance. The program aims to attract, motivate, and retain top contributors while remaining competitive with similarly sized companies.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantPearl Meyer
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-178,650,776409,216217,30393.25%Passed
20252025-06-128,555,301860,64415,70390.71%Passed
20242024-06-136,339,2723,684,4005,71863.21%Passed
20232023-06-084,082,3175,121,812132,57243.72%Failed
20222022-06-096,045,8084,518,18120,60157.12%Passed
20212021-06-107,794,6681,400,76438,65484.41%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-1793.25%a
20252025-06-1290.71%b
20242024-06-1363.21%c

a. Approved under the standard stated in the filing — “2, 3, and 4, abstentions will have the same effect of a vote "AGAINST" such proposal.”.

b. Approved under the standard stated in the filing — “2, 3, and 5, abstentions will have the same effect of a vote "AGAINST" such proposal.”.

c. Approved under the standard stated in the filing — “2, 3, and 4, abstentions will have the same effect of a vote "AGAINST" such proposal.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Thomas D. BrisbinNot independent · Board Chair$65,000$100,003$0—$303,000$468,003
Steven A. CohenIndependent · Lead Independent Director93,000100,0030—0193,003
Cynthia A. DownesIndependent77,500100,0030—0177,503
Dennis V. McGinnIndependent77,000100,0030—0177,003
Mohammad ShahidehpourIndependent75,500100,0030—0175,503
Wanda K. RederIndependent73,500100,0030—0173,503
Michael A. BieberEmployee director—————0
09

Board fee structure and ownership guideline

Annual cash retainer$50,000
Annual equity retainer$100,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 12,000
Stock ownership guideline$115,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$461,500
Equity awards (grant-date value)$600,018
All other compensation$303,000
Total cost of the board$1,364,518

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Willdan Group names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Willdan Group.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1American Superconductor Corporation2025Daniel McGahn$715,769$5,644,800$0$1,149,125$7,529,025
2ICF International, Inc.2025John Wasson1,003,0964,715,91801,122,3326,857,678
3LSI Industries Inc.2022Joseph Saffire740,0003,645,43301,332,0005,722,466
4CRA International, Inc.2025Paul Maleh900,0002,099,92501,125,0004,156,568
5Exponent, Inc.2025Catherine Ford Corrigan970,0001,120,164678,51003,736,574
6Willdan Group2025Michael Bieber606,2411,827,320003,637,831
7Ameresco, Inc.2025George Sakellaris1,500,000155,1001,385,99903,339,804
8CECO Environmental Corporation2024Todd Gleason717,3831,627,505289,575382,6563,051,771
9Limbach Holdings, Inc.2025Michael McCann800,0001,192,1500741,3062,759,456
10Thermon Group Holdings, Inc.2025Bruce Thames715,0351,299,9630543,6202,579,122
11Bowman Consulting Group Ltd.2025Gary Bowman739,8921,609,784002,404,863
12TIC Solutions2025Benjamin Heraud232,692750,00500986,249
—Huron Consulting Group, Inc.——————not in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Willdan Groupnot disclosedPRSU 55 · RSU 45not disclosedPearl Meyer
Ameresco, Inc.95%not disclosedNoFW Cook
American Superconductor Corporation159%RSU 50 · PSU 50NoCompensia, Inc.
Bowman Consulting Group Ltd.not disclosednot disclosednot disclosedPricewaterhouseCoopers
CECO Environmental Corporation40%PSU 75 · Options 25NoMeridian Compensation Partners LLC
CRA International, Inc.not disclosedPRSU 60 · RSU 40not disclosedSemler Brossy
Exponent, Inc.not disclosednot disclosednot disclosedCompensia
Huron Consulting Group, Inc.not disclosednot disclosednot disclosednot disclosed
ICF International, Inc.86.41%PSU 50 · RSU 50NoAon Human Capital Solutions Practice
Limbach Holdings, Inc.not disclosedPRSU 67 · RSU 33not disclosedCAP
LSI Industries Inc.180%PRSU 50 · RSU 50Yes — Relative TSRNFP
Thermon Group Holdings, Inc.76%not disclosedNoMercer
TIC Solutionsnot disclosednot disclosednot disclosedMercer and Aon

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at Willdan Group in fiscal 2025?
As disclosed, Michael Bieber (President and Chief Executive Officer) was the highest-paid executive at Willdan Group in fiscal 2025, with total compensation of $3,637,831.
How does Willdan Group's chief executive pay compare to its disclosed peer group?
As disclosed, Michael Bieber's total compensation ranked at the 55th percentile of Willdan Group's disclosed peer group.
How did shareholders vote on Willdan Group's executive compensation?
As disclosed, 93.25% of shareholders supported Willdan Group's executive compensation in the latest say-on-pay vote.
How much does Willdan Group spend in total on board compensation for fiscal 2025?
As disclosed, Willdan Group reported total board compensation of $1,364,518 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Michael BieberDEF 14A2026-04-240001104659-26-048621Section “Executive Compensation”. As printed: 3,637,831. Filing ↗machine: r5 · c16 · span 1375991–1376000
2Section 01, Creighton EarlyDEF 14A2026-04-240001104659-26-048621Section “Executive Compensation”. As printed: 1,409,166. Filing ↗machine: r9 · c16 · span 1396256–1396265
3Section 01, Micah ChenDEF 14A2026-04-240001104659-26-048621Section “Executive Compensation”. As printed: 1,363,799. Filing ↗machine: r13 · c16 · span 1416592–1416601
4Section 03, Micah Chen RSUDEF 14A2026-04-240001104659-26-048621Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: span 1488491–1488498
5Section 03, Micah Chen PSUDEF 14A2026-04-240001104659-26-048621Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: span 1492142–1492149
6Section 03, Creighton Early PSUDEF 14A2026-04-240001104659-26-048621Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: span 1481343–1481350
7Section 03, Creighton Early RSUDEF 14A2026-04-240001104659-26-048621Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: span 1477692–1477699
8Section 08, Thomas D. BrisbinDEF 14A2026-04-240001104659-26-048621Section “Director Compensation”. As printed: 468,003. Filing ↗machine: span 682739–682939
9Section 08, Steven A. CohenDEF 14A2026-04-240001104659-26-048621Section “Director Compensation”. As printed: 193,003. Filing ↗machine: span 686483–686683
10Section 08, Cynthia A. DownesDEF 14A2026-04-240001104659-26-048621Section “Director Compensation”. As printed: 177,503. Filing ↗machine: span 690229–690429
11Section 08, Dennis V. McGinnDEF 14A2026-04-240001104659-26-048621Section “Director Compensation”. As printed: 177,003. Filing ↗machine: span 694012–694212
12Section 08, Mohammad ShahidehpourDEF 14A2026-04-240001104659-26-048621Section “Director Compensation”. As printed: 175,503. Filing ↗machine: span 701543–701743
13Section 08, Wanda K. RederDEF 14A2026-04-240001104659-26-048621Section “Director Compensation”. As printed: 173,503. Filing ↗machine: span 697774–697974
14Section 08, Michael A. BieberDEF 14A2026-04-240001104659-26-048621Section “Director Compensation”. As printed: 0. Filing ↗
15Section 06, 2026 voteForm 8-K2026-06-180001104659-26-075795Item 5.07 · say-on-pay result. As reported: 93.25% (votes for as printed: 8,650,776). Filing ↗
16Section 06, 2025 voteForm 8-K2025-06-130001558370-25-008623Item 5.07 · say-on-pay result. As reported: 90.71% (votes for as printed: 8,555,301). Filing ↗
17Section 06, 2024 voteForm 8-K2024-06-140001558370-24-009208Item 5.07 · say-on-pay result. As reported: 63.21% (votes for as printed: 6,339,272). Filing ↗
18Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
19Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
20Section 09b board cost (computed)Computed——Cash 461,500 + equity 600,018 + all other 303,000 = 1,364,518, summed across the director compensation table rows.machine: formula: Σ = 1,364,518
21American Superconductor Corporation, Section 10b CEO totalDEF 14A2026-06-180001193125-26-275809CEO total compensation as printed in American Superconductor Corporation's own proxy. As printed: 7,529,025. Filing ↗machine: span 394587–394596
22ICF International, Inc., Section 10b CEO totalDEF 14A2026-04-220001140361-26-016102CEO total compensation as printed in ICF International, Inc.'s own proxy. As printed: 6,857,678. Filing ↗machine: r2 · c19 · span 1792780–1792789
23LSI Industries Inc., Section 10b CEO totalDEF 14A2023-04-130001193125-23-100620CEO total compensation as printed in LSI Industries Inc.'s own proxy. As printed: 5,722,466. Filing ↗machine: r2 · c25 · span 776188–776198
24CRA International, Inc., Section 10b CEO totalDEF 14A2026-04-240001104659-26-048570CEO total compensation as printed in CRA International, Inc.'s own proxy. As printed: 4,156,568. Filing ↗machine: r1 · c41 · span 517291–517300
25Exponent, Inc., Section 10b CEO totalDEF 14A2026-04-200001193125-26-163945CEO total compensation as printed in Exponent, Inc.'s own proxy. As printed: 3,736,574. Filing ↗machine: r2 · c25 · span 495437–495446
26Willdan Group (subject), Section 10b CEO totalDEF 14A2026-04-240001104659-26-048621CEO total compensation as printed in Willdan Group's own proxy. As printed: 3,637,831. Filing ↗machine: r5 · c16 · span 1375991–1376000
27Ameresco, Inc., Section 10b CEO totalDEF 14A2026-04-230001628280-26-026695CEO total compensation as printed in Ameresco, Inc.'s own proxy. As printed: 3,339,804. Filing ↗machine: r2 · c39 · span 713614–713623
28CECO Environmental Corporation, Section 10b CEO totalDEF 14A2025-04-100001558370-25-004649CEO total compensation as printed in CECO Environmental Corporation's own proxy. As printed: 3,051,771. Filing ↗
29Limbach Holdings, Inc., Section 10b CEO totalDEF 14A2026-04-230001628280-26-026892CEO total compensation as printed in Limbach Holdings, Inc.'s own proxy. As printed: 2,759,456. Filing ↗machine: span 551364–551373
30Thermon Group Holdings, Inc., Section 10b CEO totalDEF 14A2025-06-180001489096-25-000097CEO total compensation as printed in Thermon Group Holdings, Inc.'s own proxy. As printed: 2,579,122. Filing ↗machine: r2 · c55 · span 730045–730054
31Bowman Consulting Group Ltd., Section 10b CEO totalDEF 14A2026-04-280001193125-26-186892CEO total compensation as printed in Bowman Consulting Group Ltd.'s own proxy. As printed: 2,404,863. Filing ↗machine: r2 · c34 · span 214110–214119
32TIC Solutions, Section 10b CEO totalDEF 14A2026-05-210001213900-26-060056CEO total compensation as printed in TIC Solutions's own proxy. As printed: 986,249. Filing ↗machine: span 728558–728565
33Section 10a, CRA International, Inc. reciprocityDEF 14A—0001104659-26-048570CRA International, Inc.'s most recent proxy was read; its disclosed peer group does not include Willdan Group. Filing ↗
34Section 10a, LSI Industries Inc. reciprocityDEF 14A—0001193125-23-100620LSI Industries Inc.'s most recent proxy was read; its disclosed peer group does not include Willdan Group. Filing ↗
35Section 10a, American Superconductor Corporation reciprocityDEF 14A—0001193125-26-275809American Superconductor Corporation's most recent proxy was read; its disclosed peer group does not include Willdan Group. Filing ↗
36Section 10a, Ameresco, Inc. reciprocityDEF 14A—0001628280-26-026695Ameresco, Inc. names Willdan Group in its own disclosed peer group (read from its most recent proxy). Filing ↗
37Section 10a, Exponent, Inc. reciprocityDEF 14A—0001193125-26-163945Exponent, Inc.'s most recent proxy was read; its disclosed peer group does not include Willdan Group. Filing ↗
38Section 10a, CECO Environmental Corporation reciprocityDEF 14A—0001558370-25-004649CECO Environmental Corporation's most recent proxy was read; its disclosed peer group does not include Willdan Group. Filing ↗
39Section 10a, ICF International, Inc. reciprocityDEF 14A—0001140361-26-016102ICF International, Inc.'s most recent proxy was read; its disclosed peer group does not include Willdan Group. Filing ↗
40Section 10a, Limbach Holdings, Inc. reciprocityDEF 14A—0001628280-26-026892Limbach Holdings, Inc. names Willdan Group in its own disclosed peer group (read from its most recent proxy). Filing ↗
41Section 10a, Thermon Group Holdings, Inc. reciprocityDEF 14A—0001489096-25-000097Thermon Group Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Willdan Group. Filing ↗

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