NWPX Infrastructure, Inc. — Director's Dealing 2025

Mar 31, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NORTHWEST PIPE CO (NWPX)
CIK: 0001001385
Period of Report: 2025-03-27

Reporting Person: Brittain Miles (Executive Vice President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-03-27	Restricted Stock	$	A	2594	Acquired		Common Stock (2594)	Direct
2025-03-27	Performance Shares	$	A	7781	Acquired		Common Stock (7781)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	27430	Indirect

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 15, 2026, 1/3 on January 15, 2027 and 1/3 on January 14, 2028.

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, 2026, 1/3 on March 31, 2027 and 1/3 on March 31, 2028.

F5: Reporting person is a beneficiary of the trust.