Smith William M 4
4 · NORTHWEST PIPE CO · Filed Apr 2, 2021
Insider Transaction Report
Form 4
Smith William M
Exec VP, Water Transmission
Transactions
- Tax Payment
Common Stock
2021-03-31$33.42/sh−2,070$69,179→ 33,782 total - Exercise/Conversion
Performance Shares
2021-03-31−2,631→ 11,580 total→ Common Stock (5,262 underlying) - Exercise/Conversion
Common Stock
2021-03-31+3,500→ 31,967 total - Exercise/Conversion
Performance Shares
2021-03-31−2,778→ 14,211 total→ Common Stock (3,500 underlying) - Tax Payment
Common Stock
2021-03-31$33.42/sh−1,377$46,019→ 30,590 total - Exercise/Conversion
Common Stock
2021-03-31+5,262→ 35,852 total
Holdings
- 4,786
Restricted Stock
→ Common Stock (4,786 underlying)
Footnotes (7)
- [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 2022, 2023 and 2024.
- [F5]Performance Shares vest in an amount ranging from 0-200% 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.
- [F7]Performance Shares vest in installments as follows: 1/3 March 31, 2021, 1/3 on March 31, 2022 and 1/3 on March 31, 2023.