Brittain Miles 4
4 · NWPX Infrastructure, Inc. · Filed Mar 23, 2026
Research Summary
AI-generated summary of this filing
NWPX Infrastructure EVP Brittain Miles Sells 3,300 Shares
What Happened
Brittain Miles, Executive Vice President of NWPX Infrastructure, sold 3,300 shares in an open-market transaction on March 20, 2026. The weighted-average sale price was $70.89 per share for total proceeds of approximately $233,941. The sale is reported as a routine disposition (code S).
Key Details
- Transaction date: 2026-03-20; Form 4 filed: 2026-03-23 (three days after the trade).
- Reported weighted-average price: $70.89 per share; reported price range across multiple trades: $69.6001 to $71.85 (footnote F2).
- Shares sold: 3,300; proceeds: ~$233,941.
- Shares owned after the transaction: not disclosed in the summary provided (check the full Form 4 for post-transaction holdings).
- Notable footnotes:
- F1: Sale executed under a 10b5-1(c) trading plan adopted 12/05/2025.
- F2: Multiple trades at varying prices; reporting person can provide per-trade breakdown on request.
- F3–F6: Reporting person holds Restricted Stock Units (RSUs) and Performance Shares that vest in future installments (RSUs vest Jan 2027 & 2028; Performance Shares vest Mar 2026–2028 and pay 0–200% based on EBITDA margin).
- F7: Reporting person is a beneficiary of a trust.
- Timeliness: Filing date is March 23, 2026, three days after the transaction; Form 4s are typically due within two business days—review the full filing to see if a late filing designation or explanation is included.
Context
This was a sale (not a purchase or exercise). Because the sale was executed under a 10b5-1 plan (adopted Dec 5, 2025), it was likely a pre-arranged trade schedule — 10b5-1 plans can limit the informational inference investors draw from insider sales. The filing also notes the insider has outstanding equity awards (RSUs and Performance Shares) with future vesting schedules; those awards are separate from this open-market sale. For full details, refer to the Form 4 (Accession No. 0001437749-26-009442).
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F7]2026-03-20$70.89/sh−3,300$233,941→ 20,006 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 $69.6001 to $71.85 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.