Kendrick Megan A. 4
4 · NWPX Infrastructure, Inc. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
NWPX Sr. VP Megan Kendrick Receives Equity Award
What Happened
Megan A. Kendrick, Senior Vice President of Human Resources at NWPX Infrastructure, was granted equity awards on 2026-03-12 consisting of 863 Restricted Stock Units (RSUs) and 2,588 Performance Shares (totaling 3,451 award units). The awards are reported as derivative grants (price listed as N/A) in the Form 4 filed 2026-03-16.
Key Details
- Transaction date: 2026-03-12; Form 4 filed: 2026-03-16. (Form 4s are generally due within 2 business days — check timeliness if relevant.)
- Transaction type: Grant/Award (code A); amounts: 863 RSUs and 2,588 Performance Shares. Price: N/A (derivative awards).
- RSUs: Each RSU represents a contingent right to one share (footnote F1). Vesting schedule (F2): 1/3 on Jan 15, 2027; 1/3 on Jan 14, 2028; 1/3 on Jan 16, 2029.
- Performance Shares: Earned 0–200% depending on NWPX’s total EBITDA margin (F3). Vesting schedule (F4): 1/3 on Mar 31, 2027; 1/3 on Mar 31, 2028; 1/3 on Mar 30, 2029.
- Shares owned after the transaction: not disclosed in the filing.
- Transaction nature: Award/grant (not a market purchase or sale); no immediate sale or cash proceeds reported.
Context
These are compensation awards rather than open‑market purchases or sales. RSUs convert to shares only upon vesting; Performance Shares payout (if any) depends on future EBITDA performance and can range from 0% to 200% of the target award. Such grants are common in executive compensation and do not by themselves signal buying or selling by the insider.
Insider Transaction Report
- Award
Restricted Stock
[F1][F2]2026-03-12+863→ 2,351 total→ Common Stock (863 underlying) - Award
Performance Shares
[F3][F4]2026-03-12+2,588→ 12,011 total→ Common Stock (2,588 underlying)
- 6,996
Common Stock
Footnotes (4)
- [F1]Each Restricted Stock Unit represents a contingent right to receive one share of NWPX common stock.
- [F2]The Restricted Stock Units vest in installments as follows: 1/3 on January 15, 2027, 1/3 on January 14, 2028 and 1/3 on January 16, 2029.
- [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 NWPX's total EBITDA margin over the measurement period.
- [F4]The Performance Shares vest in installments as follows: 1/3 on March 31, 2027, 1/3 on March 31, 2028 and 1/3 on March 30, 2029.