NWPX (NWPX) CEO details RSU vesting, tax withholdings and performance shares
Rhea-AI Filing Summary
NWPX Infrastructure, Inc. President & CEO Scott J. Montross reported equity compensation activity on January 15, 2026. Several tranches of restricted stock units vested, delivering common stock to him, while the company withheld shares to cover taxes.
Vesting of restricted stock units led to multiple acquisitions of common shares at a conversion price of $0, paired with dispositions coded "F" where the issuer withheld shares at $69.27 per share for tax obligations. After these transactions, he directly held 73,477 shares of common stock.
Following the derivative transactions, he also beneficially owned restricted stock units in three grants with post‑transaction balances of 12,716, 10,131, and 7,616 units, each representing the right to receive one common share. In addition, he held 46,752 Performance Shares, which may vest from 0–200% based on NWPX’s total EBITDA margin, in installments during March 2026, 2027 and 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock | 2,869 | $0.00 | -- |
| Exercise | Restricted Stock | 2,585 | $0.00 | -- |
| Exercise | Restricted Stock | 2,515 | $0.00 | -- |
| Exercise | Common Stock | 2,869 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,287 | $69.27 | $89K |
| Exercise | Common Stock | 2,585 | $0.00 | -- |
| Tax Withholding | Common Stock | 997 | $69.27 | $69K |
| Exercise | Common Stock | 2,515 | $0.00 | -- |
| Tax Withholding | Common Stock | 989 | $69.27 | $69K |
| holding | Performance Shares | -- | -- | -- |
Footnotes (1)
- Represents shares acquired pursuant to vesting of Restricted Stock Units. Represents shares withheld by the issuer for payment of taxes incurred upon vesting event consistent with company policy. Each Restricted Stock Unit represents a contingent right to receive one share of NWPX common stock. The Restricted Stock Units vest in installments as follows: 1/3 on January 15, 2024, 1/3 on January 15, 2025 and 1/3 on January 15, 2026. The Restricted Stock Units vest in installments as follows: 1/3 on January 15, 2025, 1/3 on January 15, 2026 and 1/3 on January 15, 2027. The Restricted Stock Units vest in installments as follows: 1/3 on January 15, 2026, 1/3 on January 15, 2027 and 1/3 on January 14, 2028. 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. The Performance Shares vest in installments in March of 2026, 2027 and 2028.