Michael Wray - Mar 28, 2024 Form 4 Insider Report for NORTHWEST PIPE CO (NWPX)

Role
SVP/GM, Precast Infrastructure
Signature
/s/ Michael Wray
Stock symbol
NWPX
Transactions as of
Mar 28, 2024
Transactions value $
$0
Form type
4
Date filed
4/1/2024, 09:46 AM
Previous filing
Jan 17, 2024
Next filing
Apr 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding NWPX Common Stock 11.3K Mar 28, 2024 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
transaction NWPX Restricted Stock Award +2.5K +97.93% 5.06K Mar 28, 2024 Common Stock 2.5K Direct F1, F3
transaction NWPX Performance Shares Award +7.51K +55.56% 21K Mar 28, 2024 Common Stock 7.51K Direct F2, F4
* 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 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.
F3 The Restricted Stock Units vest in installments as follows: 1/3 on January 15, 2025, 1/3 on January 15, 2026 and 1/3 on January 15, 2027.
F4 Performance Shares vest in installments as follows: 1/3 on March 31, 2025, 1/3 on March 31, 2026, and 1/3 on March 31, 2027.