[Form 4] NWPX Infrastructure, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Megan Kendrick, Sr. VP of Human Resources at NWPX Infrastructure, Inc., reported the disposition of 3,500 shares of company common stock on 08/11/2025 at a reported price of $50 per share under a 10b5-1 trading plan adopted 12/06/2024.

After the sale she beneficially owns 10,560 shares directly. She also holds equity awards consisting of 3,141 Restricted Stock Units that vest in installments in January 2026, 2027 and 2028, and 9,423 Performance Shares that vest in installments in March 2026, 2027 and 2028 and may vest at 0–200% depending on NWPX's total EBITDA margin over the performance period.

Insights

Securities Analyst

TL;DR: Routine insider sale under a 10b5-1 plan; maintains meaningful direct and contingent equity exposure.

The Form 4 discloses a sale of 3,500 shares at $50 executed pursuant to a 10b5-1 plan adopted 12/06/2024. The reporting person retains 10,560 shares directly and holds material equity awards: 3,141 RSUs and 9,423 performance shares with payout tied to total EBITDA margin. From a market signal perspective, sales under a pre-established 10b5-1 plan typically reduce concerns about opportunistic timing. The performance awards align a portion of compensation to operating performance, linking upside to EBITDA results.

Corporate Governance Expert

TL;DR: Governance profile shows standard executive compensation structure with time-vested and performance-based awards; sale appears procedural.

The filing identifies the reporting person as Sr. VP of Human Resources and documents both time-based RSUs and performance-based shares that vest over multiple years, promoting retention and pay-for-performance alignment. The sale of 3,500 shares was made under a referenced 10b5-1 plan, which provides procedural safeguards for insider transactions. Investors should note the performance shares vest based on total EBITDA margin, which concentrates performance measurement on a single operating metric.

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).

X

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)
08/11/2025

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	08/11/2025		S(1)		3,500(1)	D	$50	10,560	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 Units	(2)							(3)	(3)	Common Stock	3,141(2)		3,141	D
Performance Shares	(4)							(5)	(5)	Common Stock	9,423(4)		9,423	D

Explanation of Responses:

1. Adoption date of referenced 10b5-1(c) plan is: 12-06-2024

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

3. The Restricted Stock Units vest in installments in January of 2026, 2027 and 2028.

4. 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.

5. Performance Shares vest in installments in March of 2026, 2027 and 2028.

	/s/ Megan Kendrick	08/11/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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