Brittain Miles 4
4 · NWPX Infrastructure, Inc. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
NWPX Executive VP Brittain Miles Sells 4,000 Shares
What Happened Brittain Miles, Executive Vice President of NWPX Infrastructure, sold 4,000 shares of NWPX common stock in an open-market/private sale on March 12, 2026. The weighted-average sale price reported was $71.01 per share, for aggregate proceeds of approximately $284,040. This was a sale (not a purchase); sales by insiders are often routine and can be preplanned.
Key Details
- Transaction date: 2026-03-12; Form 4 filed 2026-03-16 (timeliness not specified in the provided data).
- Price/range: Reported weighted-average price $71.01; trades executed at prices ranging from $70.45 to $73.77 per share (multiple trades). Reporting person will provide per-price breakdown on request (footnote F2).
- Shares sold: 4,000 (code S — sale). Total reported proceeds ≈ $284,040.
- Shares owned after transaction: Not reported in the data you provided.
- 10b5-1 plan: Transaction executed under a 10b5-1 trading plan adopted 12/05/2025 (footnote F1).
- Equity awards mentioned: Filing references Restricted Stock Units (RSUs) and Performance Shares; RSUs convert to one share each and vest in installments (Jan 2027 & Jan 2028, footnotes F3–F4). Performance Shares vest based on total EBITDA margin (0–200% payout) and vest in installments March 2026–2028 (F5–F6).
- Other note: Reporting person is a beneficiary of a trust (F7).
Context Because the sale was executed under a 10b5-1 plan and in multiple trades at a weighted-average price, this appears to be a prearranged disposition rather than an ad‑hoc market-timing decision. The filing also documents outstanding RSUs and Performance Shares with scheduled vesting, which represent future potential equity holdings but do not alter the factual nature of this sale.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F7]2026-03-12$71.01/sh−4,000$284,040→ 23,306 total(indirect: By Trust)
- 2,691
Restricted Stock Units
[F3][F4]→ Common Stock (2,691 underlying) - 16,761
Performance Shares
[F5][F6]→ Common Stock (16,761 underlying)
Footnotes (7)
- [F1]Adoption date of referenced 10b5-1(c) plan is: 12/05/2025
- [F2]This transaction was executed in multiple trades at prices ranging from $70.45 to $73.77 per share. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F3]Each Restricted Stock Unit represents a contingent right to receive one share of NWPX common stock.
- [F4]The Restricted Stock Units vest in installments in January of 2027 and 2028.
- [F5]Performance Shares vest in an amount ranging from 0-200% to the extent such Performance Shares are earned. Performance Shares are earned based on NWPX's total EBITDA margin over the measurement period.
- [F6]The Performance Shares vest in installments in March of 2026, 2027 and 2028.
- [F7]Reporting person is a beneficiary of the trust.