Scott J. Montross - Nov 23, 2021 Form 4 Insider Report for NORTHWEST PIPE CO (NWPX)

Role
President & CEO
Signature
/s/ Scott Montross
Stock symbol
NWPX
Transactions as of
Nov 23, 2021
Transactions value $
-$12,363
Form type
4
Date filed
11/24/2021, 11:44 AM
Previous filing
Nov 18, 2021
Next filing
Nov 30, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NWPX Common Stock Sale -$6.15K -200 -0.23% $30.75 88.2K Nov 23, 2021 Direct F1
transaction NWPX Common Stock Sale -$6.21K -200 -0.23% $31.07 88K Nov 24, 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 14.9K Nov 23, 2021 Common Stock 14.9K Direct F2, F3
holding NWPX Performance Shares 36.2K Nov 23, 2021 Common Stock 36.2K 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.