NWPX CEO sells shares via 10b5‑1; 68,781 shares remain

NWPX Infrastructure (NWPX) President & CEO Megan Kendrick reported insider sales executed under a Rule 10b5-1(c) plan.

Rhea-AI Filing Summary

NWPX Infrastructure (NWPX) President & CEO Megan Kendrick reported insider sales executed under a Rule 10b5-1(c) plan. On 11/11/2025, she sold 1,000, 1,500, 2,500, and 3,210 shares at weighted average prices of $57.5283, $57.3426, $57.2277, and $57.1781, respectively. Following these trades, she directly owns 68,781 shares.

Her equity awards include 15,585 Restricted Stock Units that vest in installments in January of 2026, 2027, and 2028, and 46,752 Performance Shares that may be earned at 0–200% based on total EBITDA margin, vesting in installments in March of 2026, 2027, and 2028. The 10b5-1 plan was adopted on 08/12/2025.

Insider Trade Summary

Net Seller: 8,210 shares

Net Sell 6 txns

Insider MONTROSS SCOTT J

Role President & CEO

Sold 8,210 shs ($470K)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,000	$57.5283	$58K
Sale	Common Stock	1,500	$57.3426	$86K
Sale	Common Stock	2,500	$57.2277	$143K
Sale	Common Stock	3,210	$57.1781	$184K
holding	Restricted Stock Units	--	--	--
holding	Performance Shares	--	--	--

Holdings After Transaction: Common Stock — 68,781 shares (Direct); Restricted Stock Units — 15,585 contracts (Direct); Performance Shares — 46,752 contracts (Direct)

Footnotes (9)

1. F1. Adoption date of referenced 10b5-1(c) plan is: 08/12/2025
2. F2. This transaction was executed in multiple trades at prices ranging from $57.00 to $58.245 per share. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
3. F3. This transaction was executed in multiple trades at prices ranging from $56.995 to $58.375 per share. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
4. F4. This transaction was executed in multiple trades at prices ranging from $56.97 to $59.23 per share. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
5. F5. This transaction was executed in multiple trades at prices ranging from $56.89 to $58.79 per share. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
6. F6. Each Restricted Stock Unit represents a contingent right to receive one share of NWPX common stock.
7. F7. The Restricted Stock Units vest in installments in January of 2026, 2027 and 2028.
8. F8. 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.
9. F9. The Performance Shares vest in installments in March of 2026, 2027 and 2028.

FAQ

What did NWPX (NWPX) disclose in this Form 4?

The President & CEO, Megan Kendrick, reported open‑market sales of company stock executed on 11/11/2025 under a Rule 10b5-1(c) plan.

How many NWPX shares did the CEO sell and at what prices?

Sales were 1,000, 1,500, 2,500, and 3,210 shares at weighted average prices of $57.5283, $57.3426, $57.2277, and $57.1781.

How many NWPX shares does the CEO own after the transactions?

Following the reported sales, the CEO directly owns 68,781 shares.

Was the sale under a 10b5-1 trading plan?

Yes. The filing indicates a Rule 10b5-1(c) plan adopted on 08/12/2025.

What RSUs are outstanding for the CEO at NWPX?

Restricted Stock Units total 15,585 and vest in installments in January of 2026, 2027, and 2028.

What Performance Shares are disclosed for the CEO at NWPX?

Performance Shares total 46,752, earnable at 0–200% based on total EBITDA margin, vesting in March of 2026, 2027, and 2028.

When were the transactions reported on this Form 4 executed?

The transactions were executed on 11/11/2025.

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Accepted by SEC EDGAR 11/13/2025 - 06:07 PM Learn about SEC filing dates

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

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)
11/11/2025

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	11/11/2025		S(1)		1,000(1)	D	$57.5283(2)	75,991	D
Common Stock	11/11/2025		S(1)		1,500(1)	D	$57.3426(3)	74,491	D
Common Stock	11/11/2025		S(1)		2,500(1)	D	$57.2277(4)	71,991	D
Common Stock	11/11/2025		S(1)		3,210(1)	D	$57.1781(5)	68,781	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 Units	(6)							(7)	(7)	Common Stock	15,585		15,585	D
Performance Shares	(8)							(9)	(9)	Common Stock	46,752(8)		46,752(8)	D

Explanation of Responses:

1. Adoption date of referenced 10b5-1(c) plan is: 08/12/2025

2. This transaction was executed in multiple trades at prices ranging from $57.00 to $58.245 per share. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

3. This transaction was executed in multiple trades at prices ranging from $56.995 to $58.375 per share. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

4. This transaction was executed in multiple trades at prices ranging from $56.97 to $59.23 per share. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

5. This transaction was executed in multiple trades at prices ranging from $56.89 to $58.79 per share. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

6. Each Restricted Stock Unit represents a contingent right to receive one share of NWPX common stock.

7. The Restricted Stock Units vest in installments in January of 2026, 2027 and 2028.

8. 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.

9. The Performance Shares vest in installments in March of 2026, 2027 and 2028.

	/s/ Megan Kendrick	11/13/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.