Eric Stokes - 15 Jan 2024 Form 4 Insider Report for NORTHWEST PIPE CO (NWPX)

Role
SVP/GM of Engineered SPP
Signature
/s/ Eric Stokes
Issuer symbol
NWPX
Transactions as of
15 Jan 2024
Net transactions value
-$29,532
Form type
4
Filing time
17 Jan 2024, 17:04:36 UTC
Previous filing
11 Apr 2023
Next filing
01 Apr 2024
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 +579 +3.2% 18,458 15 Jan 2024 Direct F1
transaction NWPX Common Stock Tax liability $7,441 -258 -1.4% $28.84 18,200 15 Jan 2024 Direct F2
transaction NWPX Common Stock Options Exercise +755 +4.1% 18,955 15 Jan 2024 Direct F1
transaction NWPX Common Stock Tax liability $9,719 -337 -1.8% $28.84 18,618 15 Jan 2024 Direct F2
transaction NWPX Common Stock Options Exercise +961 +5.2% 19,579 15 Jan 2024 Direct F1
transaction NWPX Common Stock Tax liability $12,372 -429 -2.2% $28.84 19,150 15 Jan 2024 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 -579 -12% 4,391 15 Jan 2024 Common Stock 579 Direct F3, F4
transaction NWPX Restricted Stock Options Exercise -755 -17% 3,636 15 Jan 2024 Common Stock 755 Direct F3, F5
transaction NWPX Restricted Stock Options Exercise -961 -26% 2,675 15 Jan 2024 Common Stock 961 Direct F3, F6
holding NWPX Performance Shares 14,913 15 Jan 2024 Common Stock 14,913 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 17, 2022, 1/3 on January 16, 2023 and 1/3 on January 15, 2024.
F5 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.
F6 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.
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 2024, 2025 and 2026.