MONTROSS SCOTT J 4

What Happened
Scott J. Montross, President & CEO of NWPX Infrastructure, received two equity awards on March 12, 2026: 5,689 restricted stock units (RSUs) and 17,068 performance shares (22,757 total). These were grant/award (derivative) transactions, so no cash changed hands and no per-share price is reported. The RSUs convert 1:1 into common stock upon vesting; the performance shares may vest at 0–200% depending on NWPX's total EBITDA margin over the measurement period.

Key Details

• Transaction date: March 12, 2026; filing date: March 16, 2026. (Form 4s are typically due within 2 business days of the transaction — this filing was submitted 4 days later and thus appears delayed.)
• Price/consideration: N/A (awards/grants, not open-market trades).
• Total awarded: 5,689 RSUs + 17,068 performance shares = 22,757 potential shares.
• Shares owned following the transaction: not specified in the filing.
• Notable footnotes:
  • RSUs: each represents a contingent right to one common share (vests in thirds: 1/3 on Jan 15, 2027; 1/3 on Jan 14, 2028; 1/3 on Jan 16, 2029).
  • Performance shares: vest 0–200% based on total EBITDA margin; vest in thirds: 1/3 on Mar 31, 2027; 1/3 on Mar 31, 2028; 1/3 on Mar 30, 2029.
• Transaction code: A = Award/Grant (derivative).

Context
These awards are compensation-linked equity grants intended to align management incentives with company performance; they are not market purchases (which often are interpreted as a bullish signal) or sales. Performance shares may result in more, fewer, or no shares at vesting depending on the company’s EBITDA margin; RSUs convert straight to stock if and when they vest.