Eric Stokes - 28 Mar 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
28 Mar 2024
Net transactions value
$0
Form type
4
Filing time
01 Apr 2024, 09:45:43 UTC
Previous filing
17 Jan 2024
Next filing
03 Apr 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding NWPX Common Stock 19,150 28 Mar 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 +2,503 +94% 5,178 28 Mar 2024 Common Stock 2,503 Direct F1, F3
transaction NWPX Performance Shares Award +7,509 +50% 22,422 28 Mar 2024 Common Stock 7,509 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.