Eric Stokes - 01 Apr 2024 Form 4 Insider Report for NORTHWEST PIPE CO (NWPX)

Role
SVP/GM of Engineered SPP
Signature
/s/ Eric Stokes
Issuer symbol
NWPX
Transactions as of
01 Apr 2024
Net transactions value
-$99,854
Form type
4
Filing time
03 Apr 2024, 16:50:31 UTC
Previous filing
01 Apr 2024
Next filing
17 Jan 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NWPX Common Stock Options Exercise +2,139 +11% 21,289 01 Apr 2024 Direct F1
transaction NWPX Common Stock Tax liability $29,570 -841 -4% $35.16 20,448 01 Apr 2024 Direct F2
transaction NWPX Common Stock Options Exercise +2,489 +12% 22,937 01 Apr 2024 Direct F1
transaction NWPX Common Stock Tax liability $34,422 -979 -4.3% $35.16 21,958 01 Apr 2024 Direct F2
transaction NWPX Common Stock Options Exercise +2,594 +12% 24,552 01 Apr 2024 Direct F1
transaction NWPX Common Stock Tax liability $35,863 -1,020 -4.2% $35.16 23,532 01 Apr 2024 Direct F2

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
transaction NWPX Performance Shares Options Exercise -1,739 -7.8% 20,683 01 Apr 2024 Common Stock 2,139 Direct F3, F4
transaction NWPX Performance Shares Options Exercise -2,263 -11% 18,420 01 Apr 2024 Common Stock 2,489 Direct F3, F5
transaction NWPX Performance Shares Options Exercise -2,882 -16% 15,538 01 Apr 2024 Common Stock 2,594 Direct F3, F6
holding NWPX Restricted Stock 5,178 01 Apr 2024 Common Stock Direct F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares acquired pursuant to the vesting of Performance Shares.
F2 Represents shares withheld by the issuer for payment of taxes incurred upon vesting event consistent with company policy.
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 March 31, 2022, 1/3 on March 31, 2023 and 1/3 on April 1, 2024.
F5 Performance Shares vest in installments as follows: 1/3 on March 31, 2023, 1/3 on April 1, 2024 and 1/3 on March 31, 2025.
F6 Performance Shares vest in installments as follows: 1/3 on April 1, 2024, 1/3 on March 31, 2025 and 1/3 on March 31, 2026.
F7 Each Restricted Stock Unit represents a contingent right to receive one share of Northwest Pipe Company common stock.
F8 The Restricted Stock Units vest in installments in January of 2025, 2026 and 2027.