Wilkins Aaron 4

What Happened
Aaron Wilkins, Chief Financial Officer of NWPX Infrastructure, reported a grant of equity awards on Form 4. On March 12, 2026 he received 1,592 Restricted Stock Units (RSUs) and 4,775 Performance Shares. These are derivative awards (no cash purchase) and the filing lists acquisition price/value as N/A.

Key Details

• Transaction date: March 12, 2026; Form 4 filed March 16, 2026 (filing appears timely).
• Transaction type: Award/Grant (Form 4 code A).
• Awards: 1,592 RSUs; 4,775 Performance Shares. Price/value: N/A (awards).
• Vesting for RSUs (F1–F2): each RSU = right to one share; vest 1/3 on Jan 15, 2027, 1/3 on Jan 14, 2028, 1/3 on Jan 16, 2029.
• Vesting for Performance Shares (F3–F4): payout 0–200% based on NWPX total EBITDA margin; vest in thirds on Mar 31, 2027; Mar 31, 2028; Mar 30, 2029.
• Shares owned after transaction: not specified in the provided filing excerpt.
• No 10b5‑1 plan, tax‑withholding sale, or immediate sale noted in the excerpt.

Context
These awards are typical long‑term compensation for executives. RSUs and performance shares are not immediately tradable stock — they convert to common shares only if and when vesting conditions are met (performance metrics for the Performance Shares). Such awards are part of pay strategy and do not by themselves signal a buy or sell decision by the insider.