NWPX Infrastructure (NASDAQ: NWPX) EVP nets shares from vesting awards
Rhea-AI Filing Summary
NWPX Infrastructure, Inc. Executive Vice President Michael Wray reported the vesting and exercise of performance share awards into common stock. On March 31, 2026, he acquired common shares through multiple performance share vestings, while the issuer withheld shares at approximately $77.86 per share to cover taxes.
According to the filing, these performance shares vest in installments based on NWPX’s total EBITDA margin over specified measurement periods, with tranches vesting between 2024 and 2028. Following the net transactions, Wray directly holds 28,386 shares of NWPX common stock, and related restricted stock units are scheduled to vest in January of 2027, 2028 and 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5,336 shares
Net Buy
10 txns
Insider
Wray Michael
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Shares | 2,753 | $0.00 | $0.00 |
| Exercise | Performance Shares | 2,503 | $0.00 | $0.00 |
| Exercise | Performance Shares | 2,128 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,221 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,267 | $77.86 | $99K |
| Exercise | Common Stock | 3,254 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,280 | $77.86 | $100K |
| Exercise | Common Stock | 2,320 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 912 | $77.86 | $71K |
| holding | Restricted Stock | -- | -- | -- |
Holdings After Transaction:
Performance Shares — 11,368 shares (Direct);
Common Stock — 28,386 shares (Direct);
Restricted Stock — 0 shares (Direct)
Footnotes (8)
- F1. Represents shares acquired pursuant to the vesting of Performance Shares.
- F2. Represents shares withheld by the issuer for payment of taxes incurred upon vesting event consistent with company policy.
- 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. Performance Shares vest in installments as follows: 1/3 on April 1, 2024, 1/3 on March 31, 2025 and 1/3 on March 31, 2026.
- F5. Performance Shares vest in installments as follows: 1/3 March 31, 2025, 1/3 on March 31, 2026 and 1/3 on March 31, 2027.
- F6. Performance Shares vest in installments as follows: 1/3 on March 31, 2026, 1/3 on March 31, 2027 and 1/3 on March 31, 2028.
- F7. Each Restricted Stock Unit represents a contingent right to receive one share of NWPX common stock.
- F8. The Restricted Stock Units vest in installments in January of 2027, 2028 and 2029.
Key Figures
Performance share exercises: 7,384 shares
Tax withholding shares: 3,459 shares
Share value for tax: $77.86 per share
+3 more
6 metrics
Performance share exercises
7,384 shares
Total exerciseShares from derivative awards on March 31, 2026
Tax withholding shares
3,459 shares
Shares withheld to cover taxes on March 31, 2026 vesting
Share value for tax
$77.86 per share
Price used for tax-withholding dispositions of common stock
Direct holdings after transactions
28,386 shares
Total NWPX common shares directly held after March 31, 2026
Exercise transactions count
3 transactions
Exercise or conversion of derivative securities (code M)
Tax-withholding transactions count
3 transactions
Dispositions classified as payment of tax liability (code F)
Key Terms
Performance Shares, tax-withholding disposition, EBITDA margin, Restricted Stock Units, +1 more
5 terms
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
EBITDA margin financial
"Performance Shares are earned based on NWPX's total EBITDA margin over the measurement period."
EBITDA margin is the share of each dollar of sales that a company keeps as operating cash profit before interest, taxes, and accounting for equipment wear and long-term investments. Think of it like the cash a store has left from every sale after paying day-to-day running costs but before paying rent, loan interest or replacing old machinery. Investors use it to compare core profitability and operational efficiency across companies by removing financing and accounting differences.
Restricted Stock Units financial
"Each Restricted Stock Unit represents a contingent right to receive one share of NWPX common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each Restricted Stock Unit represents a contingent right to receive one share of NWPX common stock."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did NWPX (NWPX) report for Executive Vice President Michael Wray?
NWPX reported that Executive Vice President Michael Wray exercised performance share awards into common stock. Some of the resulting shares were withheld by the company to pay taxes due at vesting, a routine compensation-related transaction rather than an open-market stock sale.
What future equity vesting is disclosed for Michael Wray at NWPX (NWPX)?
Footnotes state that additional performance shares will vest annually through March 31, 2028, subject to EBITDA margin performance. They also disclose restricted stock units for Wray, with installments scheduled to vest in January of 2027, 2028 and 2029, each unit converting into one common share.