NWPX (NWPX) EVP awarded new restricted and performance share units

Rhea-AI Filing Summary

Wray Michael reported acquisition or exercise transactions in this Form 4 filing.

NWPX Infrastructure, Inc. Executive Vice President Michael Wray received new equity-based compensation. He was granted 1,536 units of restricted stock and 4,607 performance share units, each tied to one share of common stock. These awards increase his direct equity-linked holdings, with no open-market buying or selling reported.

The restricted stock units vest in three equal installments on January 15, 2027, January 14, 2028 and January 16, 2029. The performance shares can be earned from 0% to 200% based on NWPX’s total EBITDA margin over a defined measurement period and vest in three installments on March 31, 2027, March 31, 2028 and March 30, 2029.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Wray Michael

Role Executive Vice President

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock	1,536	$0.00	--
Grant/Award	Performance Shares	4,607	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock — 3,791 shares (Direct); Performance Shares — 18,752 shares (Direct); Common Stock — 23,050 shares (Direct)

Footnotes (1)

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

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Form 4 Insider Transactions: What Each Field Means →

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^*

Wray Michael

(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)
	Executive Vice President

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								23,050	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		1,536		(2)	(2)	Common Stock	1,536	(1)	3,791	D
Performance Shares	(3)	03/12/2026		A		4,607		(4)	(4)	Common Stock	4,607(3)	(3)	18,752	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/ Michael Wray	03/16/2026
	** 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 EVP Michael Wray report in this Form 4 for NWPX?

Executive Vice President Michael Wray reported equity grants, not market trades. He received 1,536 restricted stock units and 4,607 performance share units, each representing rights to NWPX common stock, as part of his compensation package.

How many restricted stock units did NWPX grant to Michael Wray?

Michael Wray received 1,536 restricted stock units from NWPX. Each unit represents a contingent right to one share of NWPX common stock, vesting over three annual installments between January 2027 and January 2029, subject to continued service.

How do Michael Wray’s NWPX performance shares work in this filing?

He was granted 4,607 performance shares that convert into common stock based on results. The actual shares earned can range from 0% to 200% of this amount, determined by NWPX’s total EBITDA margin over the specified measurement period.

What is the vesting schedule for Michael Wray’s NWPX restricted stock units?

The restricted stock units vest in three equal installments. Vesting dates are January 15, 2027, January 14, 2028 and January 16, 2029, meaning shares are delivered gradually over this period if vesting conditions are met.

When do NWPX performance shares granted to Michael Wray vest?

The performance shares vest in three installments tied to specific dates. Vesting occurs on March 31, 2027, March 31, 2028 and March 30, 2029, subject to performance conditions based on NWPX’s total EBITDA margin being satisfied.

Did Michael Wray buy or sell NWPX common stock in this Form 4?

This Form 4 shows no open-market purchases or sales of NWPX common stock. It reflects compensation-related awards of restricted stock units and performance shares, which provide potential future shares rather than immediate trading activity.