Michael Wray - 07 Apr 2022 Form 3 Insider Report for NORTHWEST PIPE CO (NWPX)

Role: Sr VP/GM of Precast
Signature: /s/ Michael Wray
Issuer symbol: NWPX
Transactions as of: 07 Apr 2022
Net transactions value: $0
Form type: 3
Filing time: 14 Apr 2022, 09:23:40 UTC
Next filing: 21 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	NWPX	Common Stock						6,162	07 Apr 2022	Direct

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							07 Apr 2022	Common Stock	938		Direct	F1, F2
holding	NWPX	Performance Shares							07 Apr 2022	Common Stock	2,815		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Restricted Stock Units vest in installments in January of 2023 and 2024.
F2	Each Restricted Stock Unit represents a contingent right to receive one share of Northwest Pipe Company common stock.
F3	The Performance Shares vest in installments in March of 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.