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NWPX Infrastructure, Inc. — Director's Dealing 2025
Jan 17, 2025
32818_dirs_2025-01-17_80e2d292-415d-4c32-b4fd-ab4ce4474d38.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: Brittain Miles (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-01-15 | Common Stock | M | 840 | — | Acquired | 26698 | Indirect |
| 2025-01-15 | Common Stock | F | 380 | $48.66 | Disposed | 26318 | Indirect |
| 2025-01-15 | Common Stock | M | 1071 | — | Acquired | 27389 | Indirect |
| 2025-01-15 | Common Stock | F | 485 | $48.66 | Disposed | 26904 | Indirect |
| 2025-01-15 | Common Stock | M | 961 | — | Acquired | 27865 | Indirect |
| 2025-01-15 | Common Stock | F | 435 | $48.66 | Disposed | 27430 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-01-15 | Restricted Stock | $ | M | 840 | Disposed | Common Stock (840) | Direct | |
| 2025-01-15 | Restricted Stock | $ | M | 1071 | Disposed | Common Stock (1071) | Direct | |
| 2025-01-15 | Restricted Stock | $ | M | 917 | Disposed | Common Stock (917) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Performance Shares | $ | Common Stock (17598) | 17598 | 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.
F9: Reporting person is a beneficiary of the trust.