NWPX (NWPX) CEO granted RSUs and performance shares tied to EBITDA margin

Rhea-AI Filing Summary

MONTROSS SCOTT J reported acquisition or exercise transactions in this Form 4 filing.

NWPX Infrastructure, Inc. President & CEO Scott J. Montross received new equity awards as part of his compensation. He was granted 5,689 Restricted Stock Units, each representing a contingent right to one share of common stock, and 17,068 Performance Shares, also tied to 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 be earned from 0–200% of the granted amount based on the company’s total EBITDA margin over a measurement period and then vest in three equal installments on March 31, 2027, March 31, 2028, and March 30, 2029. After these awards, Montross holds 70,977 shares of common stock directly.

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

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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^*

MONTROSS SCOTT J

(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)
	President & CEO

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								70,977	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		5,689		(2)	(2)	Common Stock	5,689	(1)	13,305	D
Performance Shares	(3)	03/12/2026		A		17,068		(4)	(4)	Common Stock	17,068(3)	(3)	63,820	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/ Megan Kendrick	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 equity awards did NWPX President & CEO Scott J. Montross receive?

Scott J. Montross received 5,689 Restricted Stock Units and 17,068 Performance Shares, each tied to NWPX common stock. These awards are part of his compensation and vest over several years, subject to time-based and performance-based conditions.

How do the new Restricted Stock Units for NWPX CEO Montross vest?

The 5,689 Restricted Stock Units vest in three equal installments. Vesting dates are January 15, 2027, January 14, 2028, and January 16, 2029, meaning the award is spread over roughly three years of continued service.

What determines how many NWPX Performance Shares Scott Montross ultimately earns?

The 17,068 Performance Shares can be earned from 0–200% of the target amount. The actual number earned depends on NWPX’s total EBITDA margin over a defined measurement period, directly linking this award to the company’s profitability performance.

When do the NWPX Performance Shares granted to Scott Montross vest?

Once earned, the Performance Shares vest in three installments. Vesting dates are March 31, 2027, March 31, 2028, and March 30, 2029. This schedule encourages longer-term alignment between management incentives and company performance.

How many NWPX common shares does Scott Montross hold after these awards?

Following these equity awards, Scott Montross holds 70,977 shares of NWPX common stock directly. This figure reflects his reported direct ownership position after the grants, underscoring his ongoing equity stake in the company’s future performance.

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

The reported transactions are grants of Restricted Stock Units and Performance Shares, not open‑market purchases or sales. They represent compensation-related awards with time-based and performance-based vesting, rather than discretionary trading in NWPX shares.