William M. Smith - Jan 17, 2022 Form 4 Insider Report for NORTHWEST PIPE CO (NWPX)

Role
Exec VP, Water Transmission
Signature
/s/ William Smith
Stock symbol
NWPX
Transactions as of
Jan 17, 2022
Transactions value $
-$34,236
Form type
4
Date filed
1/19/2022, 04:22 PM
Next filing
Apr 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NWPX Common Stock Options Exercise +926 +2.74% 34.7K Jan 17, 2022 Direct F1
transaction NWPX Common Stock Tax liability -$12.7K -413 -1.19% $30.65 34.3K Jan 17, 2022 Direct F2
transaction NWPX Common Stock Options Exercise +877 +2.56% 35.2K Jan 17, 2022 Direct F1
transaction NWPX Common Stock Tax liability -$12K -391 -1.11% $30.65 34.8K Jan 17, 2022 Direct F2
transaction NWPX Common Stock Options Exercise +702 +2.02% 35.5K Jan 17, 2022 Direct F1
transaction NWPX Common Stock Tax liability -$9.59K -313 -0.88% $30.65 35.2K Jan 17, 2022 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 -926 -19.35% 3.86K Jan 17, 2022 Common Stock 926 Direct F1, F3
transaction NWPX Restricted Stock Options Exercise -877 -22.72% 2.98K Jan 17, 2022 Common Stock 877 Direct F1, F4
transaction NWPX Restricted Stock Options Exercise -702 -23.53% 2.28K Jan 17, 2022 Common Stock 702 Direct F1, F5
holding NWPX Performance Shares 11.6K Jan 17, 2022 Common Stock 11.6K Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit represents a contingent right to receive one share of Northwest Pipe Company common stock.
F2 Represents shares withheld by the issuer for payment of taxes incurred upon vesting event consistent with company policy.
F3 The Restricted Stock Units vest in installments as follows: 1/3 on January 15, 2020, 1/3 on January 15, 2021 and 1/3 on January 17, 2022.
F4 The Restricted Stock Units vest in installments as follows: 1/3 on January 15, 2021, 1/3 on January 17, 2022 and 1/3 on January 16, 2023.
F5 The Restricted Stock Units vest in installments as follows: 1/3 on January 17, 2022, 1/3 on January 16, 2023 and 1/3 on January 15, 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.