NWPX Infrastructure (NWPX) SVP awarded new stock and performance units

Rhea-AI Filing Summary

Stokes Eric reported acquisition or exercise transactions in this Form 4 filing.

NWPX Infrastructure, Inc. reported that SVP and Group President of WTS Eric Stokes received new equity awards. On March 12, 2026, he was granted 1,399 Restricted Stock Units and 4,198 Performance Shares, each representing the right to receive one share of common stock.

The restricted units vest in three equal installments on January 15, 2027, January 14, 2028, and January 16, 2029. The performance shares can vest from 0–200% based on NWPX’s total EBITDA margin over the measurement period, in three tranches on March 31, 2027, March 31, 2028, and March 30, 2029. After these awards, Stokes holds 3,654 restricted units, 18,473 performance shares, and 32,199 shares of common stock directly.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Stokes Eric

(Last) (First) (Middle)

201 NE PARK PLAZA DRIVE

SUITE 100

(Street)

VANCOUVER WA 98684

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NWPX Infrastructure, Inc. [ NWPX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP and Group President of WTS

3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								32,199	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock	(1)	03/12/2026		A		1,399		(2)	(2)	Common Stock	1,399	(1)	3,654	D
Performance Shares	(3)	03/12/2026		A		4,198		(4)	(4)	Common Stock	4,198(3)	(3)	18,473	D

Explanation of Responses:

1. Each Restricted Stock Unit represents a contingent right to receive one share of NWPX common stock.

2. 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.

3. 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.

4. 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.

	/s/ Eric Stokes	03/16/2026
	** Signature of Reporting Person	Date
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FAQ

What equity awards did NWPX SVP Eric Stokes receive in this Form 4?

Eric Stokes received 1,399 Restricted Stock Units and 4,198 Performance Shares on March 12, 2026. Each unit and performance share represents a right to receive one share of NWPX common stock, subject to time-based vesting and performance conditions.

How do the new NWPX Restricted Stock Units for Eric Stokes vest?

The 1,399 Restricted Stock Units vest in three equal installments. Vesting dates are January 15, 2027, January 14, 2028, and January 16, 2029, linking Stokes’ compensation to continued service over this multi‑year period.

What performance conditions apply to NWPX Performance Shares granted to Eric Stokes?

The 4,198 Performance Shares can vest between 0% and 200% of the target amount. Vesting depends on NWPX’s total EBITDA margin over a defined measurement period, directly tying the award’s value to the company’s profitability performance.

When do the NWPX Performance Shares granted to Eric Stokes vest?

The Performance Shares vest in three equal installments over time. Scheduled vesting dates are March 31, 2027, March 31, 2028, and March 30, 2029, provided the EBITDA margin performance goals and other award conditions are satisfied.

How many NWPX common shares does Eric Stokes hold after these grants?

After these equity grants, Eric Stokes directly holds 32,199 shares of NWPX common stock. He also holds 3,654 Restricted Stock Units and 18,473 Performance Shares, which may convert into common shares as they vest and performance conditions are met.

Is this NWPX Form 4 for a stock sale or a grant to Eric Stokes?

This Form 4 reports equity grants, not stock sales. Stokes acquired 1,399 Restricted Stock Units and 4,198 Performance Shares as compensation awards, with no open‑market buying or selling activity disclosed in the transaction summary.