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