0001437749-23-009294.txt : 20230404 0001437749-23-009294.hdr.sgml : 20230404 20230404161610 ACCESSION NUMBER: 0001437749-23-009294 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230331 FILED AS OF DATE: 20230404 DATE AS OF CHANGE: 20230404 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Wray Michael CENTRAL INDEX KEY: 0001922394 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-27140 FILM NUMBER: 23797666 MAIL ADDRESS: STREET 1: 201 NE PARK PLAZA DRIVE, SUITE 100 CITY: VANCOUVER STATE: WA ZIP: 98684 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: NORTHWEST PIPE CO CENTRAL INDEX KEY: 0001001385 STANDARD INDUSTRIAL CLASSIFICATION: STEEL PIPE & TUBES [3317] IRS NUMBER: 930557988 STATE OF INCORPORATION: OR FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 201 NE PARK PLAZA DRIVE STREET 2: SUITE 100 CITY: VANCOUVER STATE: WA ZIP: 98684 BUSINESS PHONE: 3603976250 MAIL ADDRESS: STREET 1: 201 NE PARK PLAZA DRIVE STREET 2: SUITE 100 CITY: VANCOUVER STATE: WA ZIP: 98684 4 1 rdgdoc.xml FORM 4 X0407 4 2023-03-31 0001001385 NORTHWEST PIPE CO NWPX 0001922394 Wray Michael 201 NE PARK PLAZA DRIVE SUITE 100 VANCOUVER WA 98684 1 SVP/GM, Precast Infrastructure 0 Common Stock 2023-03-31 4 M 0 1491 A 8391 D Common Stock 2023-03-31 4 F 0 586 31.23 D 7805 D Common Stock 2023-03-31 4 M 0 1182 A 8987 D Common Stock 2023-03-31 4 F 0 465 31.23 D 8522 D Common Stock 2023-03-31 4 M 0 2853 A 11375 D Common Stock 2023-03-31 4 F 0 1122 31.23 D 10253 D Performance Shares 2023-03-31 4 M 0 938 D Common Stock 1491 8360 D Performance Shares 2023-03-31 4 M 0 938 D Common Stock 1182 7422 D Performance Shares 2023-03-31 4 M 0 2161 D Common Stock 2853 5261 D Restricted Stock Common Stock 1754 D Represents shares acquired pursuant to the vesting of Performance Shares. Represents shares withheld by the issuer for payment of taxes incurred upon vesting event consistent with company policy. 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. 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. 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. 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. Each Restricted Stock Unit represents a contingent right to receive one share of Northwest Pipe Company common stock. The Restricted Stock Units vest in installments in January of 2024 and 2025. /s/ Michael Wray 2023-04-04