Scott J. Montross - May 10, 2022 Form 4 Insider Report for NORTHWEST PIPE CO (NWPX)

Role
President & CEO
Signature
/s/ Megan Kendrick
Stock symbol
NWPX
Transactions as of
May 10, 2022
Transactions value $
-$14,250
Form type
4
Date filed
5/12/2022, 05:11 PM
Previous filing
Apr 4, 2022
Next filing
May 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NWPX Common Stock Sale -$30 -1 0% $30.00 98.3K May 10, 2022 Direct F1
transaction NWPX Common Stock Sale -$14.2K -474 -0.48% $30.00 97.8K May 11, 2022 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 7.13K May 10, 2022 Common Stock 7.13K Direct F2, F3
holding NWPX Performance Shares 21.4K May 10, 2022 Common Stock 21.4K 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 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 2023 and 2024.