Kendrick Megan A. 4

What Happened
Megan A. Kendrick, Senior Vice President of Human Resources at NWPX Infrastructure, was granted equity awards on 2026-03-12 consisting of 863 Restricted Stock Units (RSUs) and 2,588 Performance Shares (totaling 3,451 award units). The awards are reported as derivative grants (price listed as N/A) in the Form 4 filed 2026-03-16.

Key Details

• Transaction date: 2026-03-12; Form 4 filed: 2026-03-16. (Form 4s are generally due within 2 business days — check timeliness if relevant.)
• Transaction type: Grant/Award (code A); amounts: 863 RSUs and 2,588 Performance Shares. Price: N/A (derivative awards).
• RSUs: Each RSU represents a contingent right to one share (footnote F1). Vesting schedule (F2): 1/3 on Jan 15, 2027; 1/3 on Jan 14, 2028; 1/3 on Jan 16, 2029.
• Performance Shares: Earned 0–200% depending on NWPX’s total EBITDA margin (F3). Vesting schedule (F4): 1/3 on Mar 31, 2027; 1/3 on Mar 31, 2028; 1/3 on Mar 30, 2029.
• Shares owned after the transaction: not disclosed in the filing.
• Transaction nature: Award/grant (not a market purchase or sale); no immediate sale or cash proceeds reported.

Context
These are compensation awards rather than open‑market purchases or sales. RSUs convert to shares only upon vesting; Performance Shares payout (if any) depends on future EBITDA performance and can range from 0% to 200% of the target award. Such grants are common in executive compensation and do not by themselves signal buying or selling by the insider.