Michael Wray - 16 Jan 2023 Form 4 Insider Report for NORTHWEST PIPE CO (NWPX)

Role
SVP/GM, Precast Infrastructure
Signature
/s/ Mike Wray
Issuer symbol
NWPX
Transactions as of
16 Jan 2023
Net transactions value
-$21,579
Form type
4
Filing time
18 Jan 2023, 15:43:29 UTC
Previous filing
21 Jun 2022
Next filing
04 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NWPX Common Stock Options Exercise +312 +5.1% 6,474 16 Jan 2023 Direct F1
transaction NWPX Common Stock Tax liability $5,013 -141 -2.2% $35.55 6,333 16 Jan 2023 Direct F2
transaction NWPX Common Stock Options Exercise +313 +4.9% 6,646 16 Jan 2023 Direct F1
transaction NWPX Common Stock Tax liability $5,013 -141 -2.1% $35.55 6,505 16 Jan 2023 Direct F2
transaction NWPX Common Stock Options Exercise +720 +11% 7,225 16 Jan 2023 Direct F1
transaction NWPX Common Stock Tax liability $11,554 -325 -4.5% $35.55 6,900 16 Jan 2023 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 -312 -10% 2,787 16 Jan 2023 Common Stock 312 Direct F3, F4
transaction NWPX Restricted Stock Options Exercise -313 -11% 2,474 16 Jan 2023 Common Stock 313 Direct F3, F5
transaction NWPX Restricted Stock Options Exercise -720 -29% 1,754 16 Jan 2023 Common Stock 720 Direct F3, F6
holding NWPX Performance Shares 9,298 16 Jan 2023 Common Stock 9,298 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, 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 The Restricted Stock Units vest in installments as follows: 1/3 on January 16, 2023, 1/3 on January 15, 2024 and 1/3 on January 15, 2025.
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 2023, 2024 and 2025.