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NWPX Infrastructure, Inc. — Director's Dealing 2023
Jan 18, 2023
32818_dirs_2023-01-18_4781dd53-8663-4c9b-af43-ce6409b485c6.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: 2023-01-16
Reporting Person: Stokes Eric (SVP/GM of Engineered SPP)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-01-16 | Common Stock | M | 725 | — | Acquired | 12226 | Direct |
| 2023-01-16 | Common Stock | F | 323 | $35.55 | Disposed | 11903 | Direct |
| 2023-01-16 | Common Stock | M | 580 | — | Acquired | 12483 | Direct |
| 2023-01-16 | Common Stock | F | 258 | $35.55 | Disposed | 12225 | Direct |
| 2023-01-16 | Common Stock | M | 755 | — | Acquired | 12980 | Direct |
| 2023-01-16 | Common Stock | F | 337 | $35.55 | Disposed | 12643 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-01-16 | Restricted Stock | $ | M | 725 | Disposed | Common Stock (725) | Direct | |
| 2023-01-16 | Restricted Stock | $ | M | 580 | Disposed | Common Stock (580) | Direct | |
| 2023-01-16 | Restricted Stock | $ | M | 755 | Disposed | Common Stock (755) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Performance Shares | $ | Common Stock (12440) | 12440 | 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, 2021, 1/3 on January 17, 2022 and 1/3 on January 16, 2023.
F5: 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.
F6: The Restricted Stock Units vest in installments as follows: 1/3 on January 16, 2023, 1/3 on January 15, 2024 and 1/3 on January 15, 2025.
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 2023, 2024 and 2025.