Michael Wray - 15 Jan 2025 Form 4 Insider Report for NORTHWEST PIPE CO (NWPX)

Role
SVP/GM, Precast Infrastructure
Signature
/s/ Michael Wray
Issuer symbol
NWPX
Transactions as of
15 Jan 2025
Net transactions value
-$54,402
Form type
4
Filing time
17 Jan 2025, 17:10:32 UTC
Previous filing
03 Apr 2024
Next filing
31 Mar 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 +721 +4.8% 15,654 15 Jan 2025 Direct F1
transaction NWPX Common Stock Tax liability $15,863 -326 -2.1% $48.66 15,328 15 Jan 2025 Direct F2
transaction NWPX Common Stock Options Exercise +917 +6% 16,245 15 Jan 2025 Direct F1
transaction NWPX Common Stock Tax liability $20,194 -415 -2.6% $48.66 15,830 15 Jan 2025 Direct F2
transaction NWPX Common Stock Options Exercise +834 +5.3% 16,664 15 Jan 2025 Direct F1
transaction NWPX Common Stock Tax liability $18,345 -377 -2.3% $48.66 16,287 15 Jan 2025 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 Restricted Stock Options Exercise -721 -14% 4,338 15 Jan 2025 Common Stock 721 Direct F3, F4
transaction NWPX Restricted Stock Options Exercise -917 -21% 3,421 15 Jan 2025 Common Stock 917 Direct F3, F5
transaction NWPX Restricted Stock Options Exercise -834 -24% 2,587 15 Jan 2025 Common Stock 834 Direct F3, F6
holding NWPX Performance Shares 15,174 15 Jan 2025 Common Stock 15,174 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 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.