NWPX Infrastructure (NWPX) SVP reports performance share vesting and tax-share withholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NWPX Infrastructure, Inc. senior vice president and Group President of WTS Eric Stokes reported multiple equity compensation events on March 31, 2026. Performance Share awards vested and were exercised into shares of common stock at an exercise price of $0.00, increasing his direct equity stake.
To cover taxes from the vesting, the issuer withheld a total of 3,519 common shares at $77.86 per share, recorded as tax-withholding dispositions rather than market sales. After these transactions, Stokes directly holds 37,627 shares of NWPX common stock.
Footnotes explain that Performance Shares can be earned in a range from 0–200% based on NWPX’s total EBITDA margin over the measurement period and vest in specified annual installments through March 31, 2028. Separate Restricted Stock Units, each representing a right to one share, are scheduled to vest in installments in January 2027, 2028 and 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,514 shares exercised/converted
Mixed
10 txns
Insider
Stokes Eric
Role
SVP and Group President of WTS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Shares | 2,883 | $0.00 | -- |
| Exercise | Performance Shares | 2,503 | $0.00 | -- |
| Exercise | Performance Shares | 2,128 | $0.00 | -- |
| Exercise | Common Stock | 3,373 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,327 | $77.86 | $103K |
| Exercise | Common Stock | 3,254 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,280 | $77.86 | $100K |
| Exercise | Common Stock | 2,320 | $0.00 | -- |
| Tax Withholding | Common Stock | 912 | $77.86 | $71K |
| holding | Restricted Stock | -- | -- | -- |
Holdings After Transaction:
Performance Shares — 15,590 shares (Direct);
Common Stock — 35,572 shares (Direct);
Restricted Stock — 0 shares (Direct)
Footnotes (1)
- Represents shares acquired pursuant to the vesting of Performance Shares. Represents shares withheld by the issuer for payment of taxes incurred upon vesting event consistent with company policy. 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. 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. 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. 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. Each Restricted Stock Unit represents a contingent right to receive one share of NWPX common stock. The Restricted Stock Units vest in installments in January of 2027, 2028 and 2029.
Key Figures
Tax-withheld shares: 3,519 shares
Tax withholding price: $77.86 per share
Shares held after transactions: 37,627 shares
+3 more
6 metrics
Tax-withheld shares
3,519 shares
Common stock withheld to cover taxes on vesting
Tax withholding price
$77.86 per share
Price used for issuer tax-withholding dispositions
Shares held after transactions
37,627 shares
Direct NWPX common stock ownership after March 31, 2026
Derivative exercises
3 transactions
Performance Share exercises recorded with code M
Tax-withholding events
3 transactions
Common stock dispositions coded F for tax payments
Performance Share earn-out range
0–200%
Potential earning range based on total EBITDA margin
Key Terms
Performance Shares, EBITDA margin, Restricted Stock Unit, tax-withholding disposition, +1 more
5 terms
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 Unit financial
"Each Restricted Stock Unit represents a contingent right to receive one share of NWPX common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
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.
derivative exercise/conversion financial
"Exercise or conversion of derivative security"
FAQ
What did NWPX SVP Eric Stokes report in this Form 4 filing?
Eric Stokes reported vesting and exercises of Performance Share awards that converted into NWPX common stock at a $0.00 exercise price. These equity compensation events increased his direct share ownership, reflecting scheduled award vesting rather than open-market stock purchases or sales.
What is Eric Stokes’s NWPX common stock holding after these Form 4 transactions?
Following the March 31, 2026 transactions, Eric Stokes directly owns 37,627 shares of NWPX common stock. This figure reflects shares gained from vested Performance Shares minus shares withheld by the issuer to cover tax liabilities associated with those vesting events.
What future NWPX equity does Eric Stokes have through Restricted Stock Units?
Each Restricted Stock Unit gives Eric Stokes a contingent right to receive one share of NWPX common stock. These RSUs are scheduled to vest in annual installments in January 2027, January 2028 and January 2029, providing additional future equity subject to continued vesting.
Were Eric Stokes’s NWPX Form 4 transactions open-market buys or sales?
The filing shows no open-market purchases or sales. It reports exercises of Performance Shares at a $0.00 exercise price and issuer share withholdings for taxes at $77.86 per share, which are compensation-related and administrative actions rather than discretionary trading in the open market.