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NWPX Infrastructure, Inc. — Director's Dealing 2025
Apr 2, 2025
32818_dirs_2025-04-02_ecbf7f74-ef00-4946-ae6b-7303ef073d7b.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: 2025-03-31
Reporting Person: Kendrick Megan A. (VP of Human Resources)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-03-31 | Common Stock | M | 1221 | — | Acquired | 11815 | Direct |
| 2025-03-31 | Common Stock | F | 456 | $41.30 | Disposed | 11359 | Direct |
| 2025-03-31 | Common Stock | M | 2112 | — | Acquired | 13471 | Direct |
| 2025-03-31 | Common Stock | F | 788 | $41.30 | Disposed | 12683 | Direct |
| 2025-03-31 | Common Stock | M | 2197 | — | Acquired | 14880 | Direct |
| 2025-03-31 | Common Stock | F | 820 | $41.30 | Disposed | 14060 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-03-31 | Performance Shares | $ | M | 1035 | Disposed | Common Stock (1221) | Direct | |
| 2025-03-31 | Performance Shares | $ | M | 1903 | Disposed | Common Stock (2112) | Direct | |
| 2025-03-31 | Performance Shares | $ | M | 1652 | Disposed | Common Stock (2197) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock | $ | Common Stock () | 3141 | 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 on March 31, 2023, 1/3 on April 1, 2024 and 1/3 on March 31, 2025
F5: 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
F6: Performance Shares vest in installments as follows: 1/3 on March 31, 2025, 1/3 on March 31, 2026 and 1/3 on March 31, 2027.
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 2026, 2027 and 2028.