NWPX (NWPX) CFO receives new restricted stock and performance share awards

Rhea-AI Filing Summary

Wilkins Aaron reported acquisition or exercise transactions in this Form 4 filing.

NWPX Infrastructure, Inc. reported that its CFO, Aaron Wilkins, received equity-based compensation in the form of restricted stock units and performance shares. He was granted 1,592 restricted stock units and 4,775 performance shares, each representing a contingent right to receive one share of common stock.

The restricted stock units vest in three equal installments on January 15, 2027, January 14, 2028, and January 16, 2029. The performance shares can vest from 0–200% of the target amount based on NWPX’s total EBITDA margin over a defined measurement period, with vesting in thirds on March 31, 2027, March 31, 2028, and March 30, 2029.

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

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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^*

Wilkins Aaron

(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)
	CFO

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								20,058	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		1,592		(2)	(2)	Common Stock	1,592	(1)	4,283	D
Performance Shares	(3)	03/12/2026		A		4,775		(4)	(4)	Common Stock	4,775(3)	(3)	21,536	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/ Aaron Wilkins	03/16/2026
	** 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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FAQ

What did NWPX (NWPX) CFO Aaron Wilkins report in this Form 4?

NWPX CFO Aaron Wilkins reported receiving equity compensation grants. He was awarded restricted stock units and performance shares that give him rights to future NWPX common stock, subject to multi-year vesting schedules and performance conditions tied to the company’s EBITDA margin.

How many restricted stock units did NWPX grant to its CFO in this filing?

The CFO received 1,592 restricted stock units. Each unit represents a contingent right to one share of NWPX common stock, vesting in three equal installments on January 15, 2027, January 14, 2028, and January 16, 2029, if continued service conditions are satisfied.

What performance share award did the NWPX CFO receive and how can it vest?

The CFO received 4,775 performance shares. The number that ultimately vests can range from 0–200% of this target, depending on NWPX’s total EBITDA margin over the measurement period, with vesting in three installments from March 31, 2027 through March 30, 2029.

Are these NWPX Form 4 transactions open-market stock purchases or sales?

These transactions are not open-market purchases or sales. They are equity compensation grants of restricted stock units and performance shares to the CFO at no cash cost, subject to future time-based and performance-based vesting conditions rather than immediate trading activity.

What are the vesting dates for the NWPX CFO’s restricted stock unit grant?

The restricted stock units vest in three tranches. One-third vests on January 15, 2027, another third on January 14, 2028, and the final third on January 16, 2029, aligning the CFO’s equity compensation with a multi-year service period.

What performance metric determines vesting of NWPX performance shares in this Form 4?

The performance shares are earned based on NWPX’s total EBITDA margin over a specified measurement period. Depending on this EBITDA margin performance, between 0% and 200% of the 4,775 target performance shares may ultimately vest over the 2027–2029 vesting dates.