Miles Brittain - 15 Jan 2025 Form 4 Insider Report for NORTHWEST PIPE CO (NWPX)

Role
Executive Vice President
Signature
/s/ Miles Brittain
Issuer symbol
NWPX
Transactions as of
15 Jan 2025
Net transactions value
-$63,258
Form type
4
Filing time
17 Jan 2025, 17:09:31 UTC
Previous filing
06 Sep 2024
Next filing
31 Mar 2025
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 +840 +3.2% 26,698 15 Jan 2025 Trust F1, F9
transaction NWPX Common Stock Tax liability $18,491 -380 -1.4% $48.66 26,318 15 Jan 2025 Trust F2, F9
transaction NWPX Common Stock Options Exercise +1,071 +4.1% 27,389 15 Jan 2025 Trust F1, F9
transaction NWPX Common Stock Tax liability $23,600 -485 -1.8% $48.66 26,904 15 Jan 2025 Trust F2, F9
transaction NWPX Common Stock Options Exercise +961 +3.6% 27,865 15 Jan 2025 Trust F1, F9
transaction NWPX Common Stock Tax liability $21,167 -435 -1.6% $48.66 27,430 15 Jan 2025 Trust F2, F9

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 -840 -14% 5,025 15 Jan 2025 Common Stock 840 Direct F3, F4
transaction NWPX Restricted Stock Options Exercise -1,071 -21% 3,954 15 Jan 2025 Common Stock 1,071 Direct F3, F5
transaction NWPX Restricted Stock Options Exercise -917 -23% 2,993 15 Jan 2025 Common Stock 917 Direct F3, F6
holding NWPX Performance Shares 17,598 15 Jan 2025 Common Stock 17,598 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 16, 2023, 1/3 on January 15, 2024 and 1/3 on January 15, 2025.
F5 The Restricted Stock Units vest in installments as follows: 1/3 on January 15, 2024, 1/3 on January 15, 2025 and 1/3 on January 15, 2026.
F6 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.
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 2025, 2026 and 2027.
F9 Reporting person is a beneficiary of the trust.