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NWPX (NWPX) HR executive details RSU vesting and tax-share withholding

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

NWPX Infrastructure, Inc. senior vice president of human resources Megan A. Kendrick reported routine equity compensation activity on January 15, 2026. Several blocks of previously granted restricted stock units vested, resulting in the acquisition of 635, 550 and 468 shares of common stock, with related entries in the derivative securities table reflecting the same restricted stock units. To cover taxes due at vesting, the issuer withheld 275, 239 and 203 common shares at a value of $69.27 per share, consistent with company policy, rather than selling shares in the open market. After these transactions, Kendrick directly held 11,496 shares of common stock, as well as restricted stock units and performance shares that vest over time based on service dates and NWPX’s EBITDA margin.

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Negative

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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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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*
Kendrick Megan A.

(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)
Sr. VP of Human Resources
3. Date of Earliest Transaction (Month/Day/Year)
01/15/2026
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 01/15/2026 M 635 A (1) 11,195 D
Common Stock 01/15/2026 F 275 D $69.27(2) 10,920 D
Common Stock 01/15/2026 M 550 A (1) 11,470 D
Common Stock 01/15/2026 F 239 D $69.27(2) 11,231 D
Common Stock 01/15/2026 M 468 A (1) 11,699 D
Common Stock 01/15/2026 F 203 D $69.27(2) 11,496 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 (3) 01/15/2026 M 635 (4) (4) Common Stock 635 (3) 2,506 D
Restricted Stock (3) 01/15/2026 M 550 (5) (5) Common Stock 550 (3) 1,956 D
Restricted Stock (3) 01/15/2026 M 468 (6) (6) Common Stock 468 (3) 1,488 D
Performance Shares (7) (8) (8) Common Stock 9,423(7) 9,423 D
Explanation of Responses:
1. Represents shares acquired pursuant to vesting of Restricted Stock Units.
2. Represents shares withheld by the issuer for payment of taxes incurred upon vesting event consistent with company policy.
3. Each Restricted Stock Unit represents a contingent right to receive one share of NWPX common stock.
4. The Restricted Stock Units vest in installments as follows: 1/3 on January 15, 2024, 1/3 on January 15, 2025 and 1/3 on January 15, 2026.
5. The Restricted Stock Units vest in installments as follows: 1/3 on January 15, 2025, 1/3 on January 15, 2026 and 1/3 on January 15, 2027.
6. The Restricted Stock Units vest in installments as follows: 1/3 on January 15, 2026, 1/3 on January 15, 2027 and 1/3 on January 14, 2028.
7. 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.
8. The Performance Shares vest in installments in March of 2026, 2027 and 2028.
/s/ Megan Kendrick 01/20/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did NWPX (NWPX) insider Megan Kendrick report on this Form 4?

Megan A. Kendrick, Sr. VP of Human Resources at NWPX Infrastructure, Inc., reported the vesting of multiple restricted stock unit awards and related tax-share withholding transactions in the company’s common stock on January 15, 2026.

How many NWPX common shares did Megan Kendrick hold after the reported transactions?

Following the reported vesting and tax-withholding entries, Megan Kendrick directly held 11,496 shares of NWPX common stock.

Were the NWPX shares on this Form 4 sold into the market or withheld for taxes?

The Form 4 states that certain shares were withheld by the issuer at $69.27 per share to pay taxes due upon vesting, consistent with company policy, rather than being sold in open market transactions.

What derivative awards does Megan Kendrick hold in NWPX stock?

The filing shows outstanding restricted stock units, each representing a contingent right to one NWPX share, and performance shares that may vest in an amount ranging from 0–200% based on NWPX’s total EBITDA margin over a defined measurement period.

When do Megan Kendrick’s NWPX restricted stock units vest?

The restricted stock units vest in three equal installments on scheduled dates in January 2024–2028, with specific grants vesting one-third each year on January 15 of the listed years (or January 14, 2028 for one grant).

How and when do the NWPX performance shares reported on the Form 4 vest?

The performance shares are earned based on NWPX’s total EBITDA margin over a measurement period, with potential vesting from 0–200% of the target amount, and are scheduled to vest in installments in March 2026, 2027 and 2028.

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670.08M
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2.4%
Steel
Steel Pipe & Tubes
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United States
VANCOUVER