NWPX (NWPX) SVP logs performance share vesting and tax share withholding
Rhea-AI Filing Summary
NWPX Infrastructure, Inc. senior vice president and GM of Precast Infrastructure, Jesus Tanguis, reported equity compensation activity involving performance-based awards. On March 31, 2026, performance shares vested and converted into common stock, and the company withheld a portion of the resulting shares to cover taxes consistent with its policy.
The filings show multiple exercises coded “M,” where performance shares were earned and settled in common stock at a stated price of $0.00 per share, reflecting compensation rather than market purchases. Two transactions coded “F” transferred a total of 603 common shares back to the issuer at $77.86 per share for tax withholding. After these transactions, Tanguis directly owns 2,380 shares of NWPX common stock.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 1,490 shares
Net Buy
7 txns
Insider
Tanguis Jesus
Role
SVP/GM Precast Infrastructure
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Shares | 955 | $0.00 | $0.00 |
| Exercise | Performance Shares | 781 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,242 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 358 | $77.86 | $28K |
| Exercise | Common Stock | 851 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 245 | $77.86 | $19K |
| holding | Restricted Stock | -- | -- | -- |
Holdings After Transaction:
Performance Shares — 6,102 shares (Direct);
Common Stock — 2,986 shares (Direct);
Restricted Stock — 0 shares (Direct)
Footnotes (7)
- F1. Represents shares acquired pursuant to the vesting of Performance Shares.
- F2. Represents shares withheld by the issuer for payment of taxes incurred upon vesting event consistent with company policy.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. Each Restricted Stock Unit represents a contingent right to receive one share of NWPX common stock.
- F7. The Restricted Stock Units vest in installments in January of 2027, 2028 and 2029.
Key Figures
Tax withholding shares: 603 shares
Tax withholding price: $77.86 per share
Shares withheld tranche 1: 245 shares
+4 more
7 metrics
Tax withholding shares
603 shares
Shares withheld by issuer for taxes on vesting
Tax withholding price
$77.86 per share
Value used for F-coded tax-withholding dispositions
Shares withheld tranche 1
245 shares
First F-coded tax-withholding transaction
Shares withheld tranche 2
358 shares
Second F-coded tax-withholding transaction
Post-transaction holdings
2,380 shares
Common stock directly owned after reported transactions
Performance share exercise count
2 exercises
Derivative exercise events in transaction summary
Performance shares exercised
1,736 shares
Total derivative shares exercised per summary
Key Terms
Performance Shares, Restricted Stock Unit, tax-withholding disposition, EBITDA margin, +1 more
5 terms
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.
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did NWPX SVP Jesus Tanguis report in this Form 4 filing for NWPX?
Jesus Tanguis reported vesting of performance-based equity awards that converted into NWPX common stock. The company simultaneously withheld some of the newly issued shares to cover tax liabilities, a standard compensation-related mechanism rather than an open-market stock purchase or sale.