Scott J. Montross - Jun 4, 2021 Form 4 Insider Report for NORTHWEST PIPE CO (NWPX)

Role
President & CEO
Signature
/s/ Scott Montross
Stock symbol
NWPX
Transactions as of
Jun 4, 2021
Transactions value $
-$12,531
Form type
4
Date filed
6/8/2021, 03:34 PM
Previous filing
Jun 4, 2021
Next filing
Jun 10, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NWPX Common Stock Sale -$6.23K -200 -0.22% $31.17 89.7K Jun 4, 2021 Direct F1, F2
transaction NWPX Common Stock Sale -$6.3K -200 -0.22% $31.49 89.5K Jun 7, 2021 Direct F1, F3

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 14.9K Jun 4, 2021 Common Stock 14.9K Direct F4, F5
holding NWPX Performance Shares 36.2K Jun 4, 2021 Common Stock 36.2K Direct F6, F7
* 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 This transaction was executed in multiple trades at prices ranging from $31.12 to $31.21 per share. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 This transaction was executed in multiple trades at prices ranging from $31.465 to $31.51 per share. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 Each Restricted Stock Unit represents a contingent right to receive one share of Northwest Pipe Company common stock.
F5 The Restricted Stock Units vest in installments in January of 2022, 2023 and 2024.
F6 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.
F7 The Performance Shares vest in installments in March of 2022, 2023 and 2024.