William M. Smith - 31 Mar 2022 Form 4 Insider Report for NORTHWEST PIPE CO (NWPX)

Reporting relationship: Exec VP, Water Transmission
Issuer ticker: NWPX
Reported as of: 31 Mar 2022
Net transaction value: -$56,728
SEC form: 4
Accepted by SEC: 04 Apr 2022, 10:15:53 UTC
Prior SEC filing: 19 Jan 2022
Source filing: View source filing
Reporting owner signature: /s/ William M. Smith

Key filing fact

William M. Smith filed Form 4 for NORTHWEST PIPE CO (NWPX) on 04 Apr 2022.

Key facts

This page summarizes William M. Smith's Form 4 filing for NORTHWEST PIPE CO (NWPX).
6 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 04 Apr 2022, 10:15.

Change

Previous filing in this sequence was filed on 19 Jan 2022.
Current net transaction value: -$56,728.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

NWPX transaction

Common Stock

Options Exercise

Transaction value
Shares: +3,710
Change %: +11%
Price
Shares after: 38,880
Date: 31 Mar 2022
Ownership: Direct
Footnotes: F1

NWPX transaction

Common Stock

Tax liability

Transaction value: $37,132
Shares: -1,459
Change %: -3.8%
Price: $25.45
Shares after: 37,421
Date: 31 Mar 2022
Ownership: Direct
Footnotes: F2

NWPX transaction

Common Stock

Options Exercise

Transaction value
Shares: +1,958
Change %: +5.2%
Price
Shares after: 39,379
Date: 31 Mar 2022
Ownership: Direct
Footnotes: F1

NWPX transaction

Common Stock

Tax liability

Transaction value: $19,596
Shares: -770
Change %: -2%
Price: $25.45
Shares after: 38,609
Date: 31 Mar 2022
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

NWPX transaction Derivative

Performance Shares

Options Exercise

Transaction value
Shares: -2,631
Change %: -23%
Price
Shares after: 8,949
Date: 31 Mar 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,064
Exercise price
Footnotes: F5, F6

NWPX transaction Derivative

Performance Shares

Options Exercise

Transaction value
Shares: -2,105
Change %: -24%
Price
Shares after: 6,844
Date: 31 Mar 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,617
Exercise price
Footnotes: F5, F7

NWPX holding Derivative

Restricted Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,281
Date: 31 Mar 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,281
Exercise price
Footnotes: F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

Represents shares acquired pursuant to the vesting of Performance Shares.

Footnote F2

Represents shares withheld by the issuer for payment of taxes incurred upon vesting event consistent with company policy.

Footnote F3

Each Restricted Stock Unit represents a contingent right to receive one share of Northwest Pipe Company common stock.

Footnote F4

The Restricted Stock Units vest in installments in January of 2023 and 2024.

Footnote F5

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.

Footnote F6

Performance Shares vest in installments as follows: 1/3 March 31, 2021, 1/3 on March 31, 2022 and 1/3 on March 31, 2023.

Footnote F7

Performance Shares vest in installments as follows: 1/3 on March 31, 2022, 1/3 on March 31, 2023 and 1/3 on April 1, 2024.