Scott J. Montross - Dec 11, 2024 Form 4 Insider Report for NORTHWEST PIPE CO (NWPX)

Role
President & CEO
Signature
/s/ Megan Kendrick
Stock symbol
NWPX
Transactions as of
Dec 11, 2024
Transactions value $
$0
Form type
4
Date filed
12/13/2024, 11:09 AM
Previous filing
Dec 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NWPX Common Stock Other -44.4K -40.29% 65.8K Dec 11, 2024 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 Units 16.1K Dec 11, 2024 Common Stock 16.1K Direct F2, F3
holding NWPX Performance Shares 48.4K Dec 11, 2024 Common Stock 48.4K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares were transferred as a non-sale transaction without monetary consideration pursuant to a domestic relations order in connection with a divorce settlement. The reporting person no longer has any pecuniary interest in these securities.
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 2025, 2026 and 2027.
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 2025, 2026 and 2027.