Michael Wray - 31 Mar 2025 Form 4 Insider Report for NORTHWEST PIPE CO (NWPX)

Role
SVP/GM, Precast Infrastructure
Signature
/s/ Michael Wray
Issuer symbol
NWPX
Transactions as of
31 Mar 2025
Net transactions value
-$145,087
Form type
4
Filing time
02 Apr 2025, 15:30:36 UTC
Previous filing
31 Mar 2025
Next filing
20 Jan 2026
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 +2,550 +16% 18,837 31 Mar 2025 Direct F1
transaction NWPX Common Stock Tax liability $41,424 -1,003 -5.3% $41.30 17,834 31 Mar 2025 Direct F2
transaction NWPX Common Stock Options Exercise +3,054 +17% 20,888 31 Mar 2025 Direct F1
transaction NWPX Common Stock Tax liability $49,601 -1,201 -5.7% $41.30 19,687 31 Mar 2025 Direct F2
transaction NWPX Common Stock Options Exercise +3,329 +17% 23,016 31 Mar 2025 Direct F1
transaction NWPX Common Stock Tax liability $54,062 -1,309 -5.7% $41.30 21,707 31 Mar 2025 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 Performance Shares Options Exercise -2,161 -10% 19,399 31 Mar 2025 Common Stock 2,550 Direct F3, F4
transaction NWPX Performance Shares Options Exercise -2,751 -14% 16,648 31 Mar 2025 Common Stock 3,054 Direct F3, F5
transaction NWPX Performance Shares Options Exercise -2,503 -15% 14,145 31 Mar 2025 Common Stock 3,329 Direct F3, F6
holding NWPX Restricted Stock 4,716 31 Mar 2025 Common Stock 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 the vesting of Performance Shares.
F2 Represents shares withheld by the issuer for payment of taxes incurred upon vesting event consistent with company policy.
F3 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.
F4 Performance Shares vest in installments as follows: 1/3 on March 31, 2023, 1/3 on April 1, 2024 and 1/3 on March 31, 2025
F5 Performance Shares vest in installments as follows: 1/3 on April 1, 2024, 1/3 on March 31, 2025 and 1/3 on March 31, 2026
F6 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.
F7 Each Restricted Stock Unit represents a contingent right to receive one share of Northwest Pipe Company common stock.
F8 The Restricted Stock Units vest in installments in January of 2026, 2027 and 2028.