GANTT ROBIN A 4
4 · NORTHWEST PIPE CO · Filed Apr 2, 2020
Insider Transaction Report
Form 4
Transactions
- Exercise/Conversion
Performance Shares
2020-03-31−5,628→ 2,814 total→ Common Stock (7,654 underlying) - Exercise/Conversion
Common Stock
2020-03-31+7,654→ 43,604 total - Tax Payment
Common Stock
2020-03-31$22.25/sh−3,700$82,325→ 39,904 total
Holdings
- 1,876
Restricted Stock
→ Common Stock (1,876 underlying)
Footnotes (6)
- [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]Each Restricted Stock Unit represents a contingent right to receive one share of Northwest Pipe Company common stock.
- [F4]The Restricted Stock Units vest in installments in January of 2021, and 2022.
- [F5]Performance Shares vest in an amount ranging from 0-150% to the extent such Performance Shares are earned. Performance Shares are earned based on Northwest Pipe Company's total EBITDA margin over the measurement period.
- [F6]Performance Shares vest in installments as follows: 2/3 on March 31, 2020 and 1/3 on March 31, 2021.