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NWPX Infrastructure, Inc. — Director's Dealing 2024
Jan 17, 2024
32818_dirs_2024-01-17_294f96fb-13f4-48b5-a94d-0c26789b6c2e.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: 2024-01-15
Reporting Person: Wray Michael (SVP/GM, Precast Infrastructure)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-01-15 | Common Stock | M | 313 | — | Acquired | 10566 | Direct |
| 2024-01-15 | Common Stock | F | 141 | $28.84 | Disposed | 10425 | Direct |
| 2024-01-15 | Common Stock | M | 720 | — | Acquired | 11145 | Direct |
| 2024-01-15 | Common Stock | F | 325 | $28.84 | Disposed | 10820 | Direct |
| 2024-01-15 | Common Stock | M | 917 | — | Acquired | 11737 | Direct |
| 2024-01-15 | Common Stock | F | 414 | $28.84 | Disposed | 11323 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-01-15 | Restricted Stock | $ | M | 313 | Disposed | Common Stock (313) | Direct | |
| 2023-01-15 | Restricted Stock | $ | M | 720 | Disposed | Common Stock (720) | Direct | |
| 2023-01-15 | Restricted Stock | $ | M | 917 | Disposed | Common Stock (917) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Performance Shares | $ | Common Stock (13516) | 13516 | 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 17, 2022, 1/3 on January 16, 2023 and 1/3 on January 15, 2024.
F5: 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.
F6: The Restricted Stock Units vest in installments as follows: 1/3 on January 15, 2024, 1/3 on January 15, 2025 and 1/3 on January 15, 2026.
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 2024, 2025 and 2026.