Wray Michael 4

4 · NWPX Infrastructure, Inc. · Filed Mar 16, 2026

AI-generated summary of this filing

Updated Mar 16, 2026

NWPX Exec VP Michael Wray Receives 6,143-Unit Award

What Happened

Michael Wray, Executive Vice President of NWPX Infrastructure, received awards on March 12, 2026 totaling 6,143 derivative units: 1,536 restricted stock units (RSUs) and 4,607 performance shares. No purchase price or cash was involved (reported as N/A); these are contingent/derivative awards, not open-market purchases or sales.

Key Details

Transaction date: 2026-03-12; Form 4 filed: 2026-03-16 (filed within the Form 4 reporting window).
Units granted: 1,536 RSUs + 4,607 Performance Shares = 6,143 total.
Price/consideration: N/A (award/ grant).
Shares owned after transaction: not specified in the Form 4.
RSU vesting (footnotes): 1/3 on Jan 15, 2027; 1/3 on Jan 14, 2028; 1/3 on Jan 16, 2029.
Performance-share details (footnotes): payout ranges from 0–200% of target depending on NWPX’s total EBITDA margin; vesting in three equal installments: 1/3 on Mar 31, 2027; 1/3 on Mar 31, 2028; 1/3 on Mar 30, 2029.
Transaction code: A (award/grant).

Context

RSUs entitle the holder to receive shares when they vest; performance shares pay out only to the extent performance goals are met, so the ultimate share count could be 0–200% of the target performance units.
This is a compensation award rather than a buy or sell—common for executives and intended to align pay with future performance; it does not indicate an immediate insider purchase or sale.

Form 4

Period: 2026-03-12

Executive Vice President

Transactions

Award
Restricted Stock
[F1][F2]
2026-03-12+1,536→ 3,791 total
→ Common Stock (1,536 underlying)
Award
Performance Shares
[F3][F4]
2026-03-12+4,607→ 18,752 total
→ Common Stock (4,607 underlying)

Holdings

Footnotes (4)

[F1]Each Restricted Stock Unit represents a contingent right to receive one share of NWPX common stock.
[F2]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.
[F3]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.
[F4]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.

Signature

/s/ Michael Wray|2026-03-16

1 file