NWPX Infrastructure, Inc. — Director's Dealing 2023

Apr 11, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NORTHWEST PIPE CO (NWPX)
CIK: 0001001385
Period of Report: 2023-04-08

Reporting Person: MONTROSS SCOTT J (President & CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-04-08	Restricted Stock	$	A	8605	Acquired		Common Stock (8605)	Direct
2023-04-08	Performance Shares	$	A	25814	Acquired		Common Stock (25814)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	112409	Direct

Footnotes

F1: Each Restricted Stock Unit represents a contingent right to receive one share of Northwest Pipe Company common stock.

F2: The Restricted Stock Units vest in installments as follows: 1/3 on January 16, 2024, 1/3 on January 15, 2025 and 1/3 on January 15, 2026.

F3: 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.

F4: Performance Shares vest in installments as follows: 1/3 on April 1, 2024, 1/3 on March 31, 2025 and 1/3 on March 31, 2026.