SCOTT J. MONTROSS - 14 Jun 2021 Form 4 Insider Report for NORTHWEST PIPE CO (NWPX)

Role
President & CEO
Signature
/s/ Scott Montross
Issuer symbol
NWPX
Transactions as of
14 Jun 2021
Net transactions value
-$6,090
Form type
4
Filing time
16 Jun 2021, 17:56:18 UTC
Previous filing
14 Jun 2021
Next filing
18 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NWPX Common Stock Sale $6,090 -200 -0.23% $30.45 88,554 14 Jun 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding NWPX Restricted Stock 14,873 14 Jun 2021 Common Stock 14,873 Direct F2, F3
holding NWPX Performance Shares 36,187 14 Jun 2021 Common Stock 36,187 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Sale of stock pursuant to a 10b5-1 trading plan previously adopted by the Reporting Person.
F2 Each Restricted Stock Unit represents a contingent right to receive one share of Northwest Pipe Company common stock.
F3 The Restricted Stock Units vest in installments in January of 2022, 2023 and 2024.
F4 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.
F5 The Performance Shares vest in installments in March of 2022, 2023 and 2024.