NWPX Infrastructure (NWPX) awards RSUs and Performance Shares to HR VP

Rhea-AI Filing Summary

Kendrick Megan A. reported acquisition or exercise transactions in this Form 4 filing.

NWPX Infrastructure, Inc. reported that Sr. VP of Human Resources Megan A. Kendrick received new equity-based compensation awards. She was granted 863 Restricted Stock units and 2,588 Performance Shares on March 12, 2026 at no cash cost, each tied to 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% to 200% of the target amount based on NWPX’s total EBITDA margin over a measurement period, with vesting dates on March 31, 2027, March 31, 2028, and March 30, 2029. These are compensation-related grants, not open-market purchases.

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^*

Kendrick Megan A.

(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)
	Sr. VP of Human Resources

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								6,996	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		863		(2)	(2)	Common Stock	863	(1)	2,351	D
Performance Shares	(3)	03/12/2026		A		2,588		(4)	(4)	Common Stock	2,588(3)	(3)	12,011	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.
* 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).
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FAQ

What did NWPX (NWPX) disclose about Megan Kendrick in this Form 4?

NWPX reported that Sr. VP of Human Resources Megan A. Kendrick received grants of 863 Restricted Stock units and 2,588 Performance Shares as equity compensation, each representing the right to receive one share of NWPX common stock, subject to vesting conditions over several years.

Are the NWPX equity awards to Megan Kendrick open-market purchases or compensation grants?

The awards are compensation grants, not open-market purchases. The Form 4 shows an “A” code for grant or award, with a price of $0.0000 per unit, indicating they were issued as part of her compensation package rather than bought on the market.

How do the Restricted Stock units granted to Megan Kendrick at NWPX vest?

The 863 Restricted Stock units vest in three equal installments. They are scheduled to vest one-third on January 15, 2027, one-third on January 14, 2028, and one-third on January 16, 2029, gradually delivering shares of NWPX common stock over that period.

What performance conditions apply to Megan Kendrick’s NWPX Performance Shares?

The 2,588 Performance Shares can vest between 0% and 200% of the target amount. Vesting depends on NWPX’s total EBITDA margin over a defined measurement period, directly linking the award’s final value to the company’s profitability performance over time.

When do the NWPX Performance Shares granted to Megan Kendrick vest?

The Performance Shares vest in three installments if earned. Scheduled vesting dates are March 31, 2027, March 31, 2028, and March 30, 2029, providing multi-year performance-based incentives tied to EBITDA margin results during the applicable measurement period.

What are Megan Kendrick’s reported NWPX holdings after these equity grants?

After the grants, the Form 4 shows her holding 2,351 Restricted Stock units, 12,011 Performance Shares, and 6,996 shares of NWPX common stock directly. These figures reflect her reported positions immediately following the March 12, 2026 equity award transactions.