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NWPX Infrastructure, Inc. — Director's Dealing 2025
Jan 17, 2025
32818_dirs_2025-01-17_0e0ad1cb-345d-4463-b192-92613b7ee171.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: 2025-01-15
Reporting Person: MONTROSS SCOTT J (President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-01-15 | Common Stock | M | 2650 | — | Acquired | 68414 | Direct |
| 2025-01-15 | Common Stock | F | 1236 | $48.66 | Disposed | 67178 | Direct |
| 2025-01-15 | Common Stock | M | 2868 | — | Acquired | 70046 | Direct |
| 2025-01-15 | Common Stock | F | 1158 | $48.66 | Disposed | 68888 | Direct |
| 2025-01-15 | Common Stock | M | 2584 | — | Acquired | 71472 | Direct |
| 2025-01-15 | Common Stock | F | 993 | $48.66 | Disposed | 70479 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-01-15 | Restricted Stock | $ | M | 2650 | Disposed | Common Stock (2650) | Direct | |
| 2025-01-15 | Restricted Stock | $ | M | 2868 | Disposed | Common Stock (2868) | Direct | |
| 2025-01-15 | Restricted Stock | $ | M | 2584 | Disposed | Common Stock (2584) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Performance Shares | $ | Common Stock (48424) | 48424 | 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 16, 2023, 1/3 on January 15, 2024 and 1/3 on January 15, 2025.
F5: 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.
F6: The Restricted Stock Units vest in installments as follows: 1/3 on January 15, 2025, 1/3 on January 15, 2026 and 1/3 on January 15, 2027.
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 2025, 2026 and 2027.