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NWPX Infrastructure, Inc. — Director's Dealing 2022
Jan 19, 2022
32818_dirs_2022-01-19_846e202f-9044-4050-bf8e-2999ad80e328.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: NORTHWEST PIPE CO (NWPX)
CIK: 0001001385
Period of Report: 2022-01-17
Reporting Person: Stokes Eric (Sr VP/GM of Water Transmission)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-01-17 | Common Stock | M | 334 | — | Acquired | 7960 | Direct |
| 2022-01-17 | Common Stock | F | 142 | $30.65 | Disposed | 7818 | Direct |
| 2022-01-17 | Common Stock | M | 724 | — | Acquired | 8542 | Direct |
| 2022-01-17 | Common Stock | F | 308 | $30.65 | Disposed | 8234 | Direct |
| 2022-01-17 | Common Stock | M | 580 | — | Acquired | 8814 | Direct |
| 2022-01-17 | Common Stock | F | 247 | $30.65 | Disposed | 8567 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-01-17 | Restricted Stock | $ | M | 334 | Disposed | Common Stock (334) | Direct | |
| 2022-01-17 | Restricted Stock | $ | M | 724 | Disposed | Common Stock (724) | Direct | |
| 2022-01-17 | Restricted Stock | $ | M | 580 | Disposed | Common Stock (580) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Performance Shares | $ | Common Stock (9562) | 9562 | Direct |
Footnotes
F1: Represents shares acquired pursuant to vesting of Restricted Stock Units.
F2: Represents shares withheld by the issuer for payment of taxes incurred upon vesting event consistent with company policy.
F3: Each Restricted Stock Unit represents a contingent right to receive one share of Northwest Pipe Company common stock.
F4: The Restricted Stock Units vest in installments as follows: 1/3 on January 15, 2020, 1/3 on January 15, 2021 and 1/3 on January 17, 2022.
F5: The Restricted Stock Units vest in installments as follows: 1/3 on January 15, 2021, 1/3 on January 17, 2022 and 1/3 on January 16, 2023.
F6: The Restricted Stock Units vest in installments as follows: 1/3 on January 17, 2022, 1/3 on January 16, 2023 and 1/3 on January 15, 2024.
F7: Performance Shares vest in an amount ranging from 0-200% to the extent such Performance Shares are earned. Performance Shares are earned based on Northwest Pipe Company's total EBITDA margin over the measurement period.
F8: The Performance Shares vest in installments in March of 2022, 2023 and 2024.