Smith William M 4
4 · NORTHWEST PIPE CO · Filed Apr 4, 2022
Insider Transaction Report
Form 4
Smith William M
Exec VP, Water Transmission
Transactions
- Exercise/Conversion
Performance Shares
2022-03-31−2,631→ 8,949 total→ Common Stock (3,064 underlying) - Exercise/Conversion
Performance Shares
2022-03-31−2,105→ 6,844 total→ Common Stock (1,617 underlying) - Exercise/Conversion
Common Stock
2022-03-31+3,710→ 38,880 total - Tax Payment
Common Stock
2022-03-31$25.45/sh−1,459$37,132→ 37,421 total - Exercise/Conversion
Common Stock
2022-03-31+1,958→ 39,379 total - Tax Payment
Common Stock
2022-03-31$25.45/sh−770$19,597→ 38,609 total
Holdings
- 2,281
Restricted Stock
→ Common Stock (2,281 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 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: 1/3 March 31, 2021, 1/3 on March 31, 2022 and 1/3 on March 31, 2023.
- [F7]Performance Shares vest in installments as follows: 1/3 on March 31, 2022, 1/3 on March 31, 2023 and 1/3 on April 1, 2024.