Stokes Eric 4

What Happened

• Eric Stokes, Senior Vice President and Group President of WTS at NWPX Infrastructure, received two equity awards on March 12, 2026: 1,399 Restricted Stock Units (RSUs) and 4,198 Performance Shares, for a total of 5,597 derivative awards. No cash purchase or sale occurred — these are grants (transaction code A) and are recorded as derivative awards with no per-share price reported.

Key Details

• Transaction date: March 12, 2026; Form 4 filed March 16, 2026 (timely filing).
• Price: N/A — awards were granted, not bought or sold.
• Shares owned after transaction: Not disclosed in this filing.
• Vesting and payout notes:
  • RSUs: each unit converts to one share; vest in thirds on Jan 15, 2027; Jan 14, 2028; and Jan 16, 2029. (Footnotes F1–F2)
  • Performance Shares: payout may range from 0–200% based on NWPX’s total EBITDA margin; vest in thirds on Mar 31, 2027; Mar 31, 2028; and Mar 30, 2029. (Footnotes F3–F4)
• Transaction type: Award/grant (A). This is a compensation grant, not an open-market purchase or sale.

Context

• These are derivative awards that convert to common stock only if vesting and any performance conditions are met — they do not represent immediate stock purchases or insider cash deployment. Performance Shares depend on specified EBITDA margin metrics, so final share issuance could be higher or lower than the grant amount.