Scott J. Montross - 13 Jan 2022 Form 4 Insider Report for NORTHWEST PIPE CO (NWPX)

Role
President & CEO
Signature
/s/ Megan Kendrick
Issuer symbol
NWPX
Transactions as of
13 Jan 2022
Net transactions value
-$12,158
Form type
4
Filing time
18 Jan 2022, 10:09:23 UTC
Previous filing
12 Jan 2022
Next filing
19 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NWPX Common Stock Sale $6,126 -200 -0.24% $30.63 83,654 13 Jan 2022 Direct F1, F2
transaction NWPX Common Stock Sale $6,032 -200 -0.24% $30.16 83,454 14 Jan 2022 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 14,873 13 Jan 2022 Common Stock 14,873 Direct F4, F5
holding NWPX Performance Shares 36,187 13 Jan 2022 Common Stock 36,187 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 $30.61 to $30.64 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 $30.10 to $30.265 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.