AI assistant
NWPX Infrastructure, Inc. — Director's Dealing 2023
Apr 4, 2023
32818_dirs_2023-04-04_709f5c6e-d191-45d4-aa96-536a157c59a3.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: NORTHWEST PIPE CO (NWPX)
CIK: 0001001385
Period of Report: 2023-03-31
Reporting Person: Wilkins Aaron (CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-03-31 | Common Stock | M | 3867 | — | Acquired | 17944 | Direct |
| 2023-03-31 | Common Stock | F | 1834 | $31.23 | Disposed | 16110 | Direct |
| 2023-03-31 | Common Stock | M | 2452 | — | Acquired | 18562 | Direct |
| 2023-03-31 | Common Stock | F | 1163 | $31.23 | Disposed | 17399 | Direct |
| 2023-03-31 | Common Stock | M | 3329 | — | Acquired | 20728 | Direct |
| 2023-03-31 | Common Stock | F | 1579 | $31.23 | Disposed | 19149 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-03-31 | Performance Shares | $ | M | 2432 | Disposed | Common Stock (3867) | Direct | |
| 2023-03-31 | Performance Shares | $ | M | 1946 | Disposed | Common Stock (2452) | Direct | |
| 2023-03-31 | Performance Shares | $ | M | 2522 | Disposed | Common Stock (3329) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock | $ | Common Stock () | 2329 | Direct |
Footnotes
F1: Represents shares acquired pursuant to the vesting of Performance Shares.
F2: Represents shares withheld by the issuer for payment of taxes incurred upon vesting event consistent with company policy.
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 March 31, 2021, 1/3 on March 31, 2022 and 1/3 on March 31, 2023.
F5: Performance Shares vest in installments as follows: 1/3 on March 31, 2022, 1/3 on March 31, 2023 and 1/3 on April 1, 2024.
F6: Performance Shares vest in installments as follows: 1/3 on March 31, 2023, 1/3 on April 1, 2024 and 1/3 on March 31, 2025.
F7: Each Restricted Stock Unit represents a contingent right to receive one share of Northwest Pipe Company common stock.
F8: The Restricted Stock Units vest in installments in January of 2024 and 2025.