NWPX CEO exercises performance shares, retains 81,129
NWPX Infrastructure, Inc. President & CEO Scott J. Montross reported multiple equity compensation transactions on March 31, 2026.
Rhea-AI Filing Summary
NWPX Infrastructure, Inc. President & CEO Scott J. Montross reported multiple equity compensation transactions on March 31, 2026. He exercised 23,904 Performance Shares that had vested based on company performance, receiving an equivalent number of shares of common stock at an exercise price of $0.00 per share.
To cover tax obligations from these vesting events, 11,164 shares of common stock were withheld by the company at a price of $77.86 per share, which is characterized as a tax-withholding disposition rather than an open-market sale. Following these transactions, Montross directly held 81,129 shares of NWPX common stock.
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Insider Trade Summary
23,904 shares exercised/converted
Exercise
10 txns
Insider
MONTROSS SCOTT J
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Shares | 8,606 | $0.00 | $0.00 |
| Exercise | Performance Shares | 7,753 | $0.00 | $0.00 |
| Exercise | Performance Shares | 7,545 | $0.00 | $0.00 |
| Exercise | Common Stock | 10,069 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,962 | $77.86 | $308K |
| Exercise | Common Stock | 10,079 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,966 | $77.86 | $309K |
| Exercise | Common Stock | 8,224 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,236 | $77.86 | $252K |
| holding | Restricted Stock | -- | -- | -- |
Holdings After Transaction:
Performance Shares — 39,916 contracts (Direct);
Common Stock — 81,129 shares (Direct);
Restricted Stock — 0 contracts (Direct)
Footnotes (8)
- 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 on April 1, 2024, 1/3 on March 31, 2025 and 1/3 on March 31, 2026.
- F5. 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.
- F6. 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.
- F7. Each Restricted Stock Unit represents a contingent right to receive one share of NWPX common stock.
- F8. The Restricted Stock Units vest in installments in January of 2027, 2028 and 2029.
Key Figures
Performance Shares exercised: 23,904 shares
Shares withheld for taxes: 11,164 shares
Post-transaction holdings: 81,129 shares
+2 more
5 metrics
Performance Shares exercised
23,904 shares
Performance Shares converted to common stock on March 31, 2026
Shares withheld for taxes
11,164 shares
Common shares withheld at $77.86 per share for tax obligations
Post-transaction holdings
81,129 shares
NWPX common stock held directly by CEO after March 31, 2026
Tax withholding price
$77.86 per share
Value used for tax-withholding dispositions of common stock
Exercise price of Performance Shares
$0.00 per share
Conversion of vested Performance Shares into NWPX common stock
Key Terms
Performance Shares, tax-withholding disposition, Restricted Stock Units, EBITDA margin
4 terms
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.
Restricted Stock Units financial
"Each Restricted Stock Unit represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
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.
FAQ
What did NWPX CEO Scott J. Montross report in this Form 4?
Scott J. Montross reported exercises of Performance Shares and related tax-withholding dispositions. He converted vested Performance Shares into common stock at $0.00 per share and had shares withheld to satisfy taxes, ending with 81,129 NWPX common shares held directly.
Were any of the NWPX CEO’s reported transactions open-market sales?
No open-market sales were reported. Dispositions used transaction code F and were described as shares withheld by the issuer to pay taxes incurred upon vesting, consistent with company policy, rather than discretionary sales into the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
