Michael Wray - Apr 7, 2022 Form 3 Insider Report for NORTHWEST PIPE CO (NWPX)

Role: Sr VP/GM of Precast
Signature: /s/ Michael Wray
Stock symbol: NWPX
Transactions as of: Apr 7, 2022
Transactions value $: $0
Form type: 3
Date filed: 4/14/2022, 09:23 AM
Next filing: Jun 21, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	NWPX	Common Stock						6.16K	Apr 7, 2022	Direct

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							Apr 7, 2022	Common Stock	938		Direct	F1, F2
holding	NWPX	Performance Shares							Apr 7, 2022	Common Stock	2.82K		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Restricted Stock Units vest in installments in January of 2023 and 2024.
F2	Each Restricted Stock Unit represents a contingent right to receive one share of Northwest Pipe Company common stock.
F3	The Performance Shares vest in installments in March of 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.