Wray Michael 4

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.