Eric Stokes - Jan 17, 2022 Form 4 Insider Report for NORTHWEST PIPE CO (NWPX)

Role
Sr VP/GM of Water Transmission
Signature
/s/ Eric Stokes
Stock symbol
NWPX
Transactions as of
Jan 17, 2022
Transactions value $
-$21,363
Form type
4
Date filed
1/19/2022, 04:28 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 +334 +4.38% 7.96K Jan 17, 2022 Direct F1
transaction NWPX Common Stock Tax liability -$4.35K -142 -1.78% $30.65 7.82K Jan 17, 2022 Direct F2
transaction NWPX Common Stock Options Exercise +724 +9.26% 8.54K Jan 17, 2022 Direct F1
transaction NWPX Common Stock Tax liability -$9.44K -308 -3.61% $30.65 8.23K Jan 17, 2022 Direct F2
transaction NWPX Common Stock Options Exercise +580 +7.04% 8.81K Jan 17, 2022 Direct F1
transaction NWPX Common Stock Tax liability -$7.57K -247 -2.8% $30.65 8.57K 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 -334 -9.48% 3.19K Jan 17, 2022 Common Stock 334 Direct F3, F4
transaction NWPX Restricted Stock Options Exercise -724 -22.71% 2.46K Jan 17, 2022 Common Stock 724 Direct F3, F5
transaction NWPX Restricted Stock Options Exercise -580 -23.54% 1.88K Jan 17, 2022 Common Stock 580 Direct F3, F6
holding NWPX Performance Shares 9.56K Jan 17, 2022 Common Stock 9.56K 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 15, 2020, 1/3 on January 15, 2021 and 1/3 on January 17, 2022.
F5 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.
F6 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.
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 2022, 2023 and 2024.