Brittain Miles 4

What Happened
Brittain Miles, Executive Vice President of NWPX Infrastructure, sold 3,300 shares in an open-market transaction on March 20, 2026. The weighted-average sale price was $70.89 per share for total proceeds of approximately $233,941. The sale is reported as a routine disposition (code S).

Key Details

• Transaction date: 2026-03-20; Form 4 filed: 2026-03-23 (three days after the trade).
• Reported weighted-average price: $70.89 per share; reported price range across multiple trades: $69.6001 to $71.85 (footnote F2).
• Shares sold: 3,300; proceeds: ~$233,941.
• Shares owned after the transaction: not disclosed in the summary provided (check the full Form 4 for post-transaction holdings).
• Notable footnotes:
  • F1: Sale executed under a 10b5-1(c) trading plan adopted 12/05/2025.
  • F2: Multiple trades at varying prices; reporting person can provide per-trade breakdown on request.
  • F3–F6: Reporting person holds Restricted Stock Units (RSUs) and Performance Shares that vest in future installments (RSUs vest Jan 2027 & 2028; Performance Shares vest Mar 2026–2028 and pay 0–200% based on EBITDA margin).
  • F7: Reporting person is a beneficiary of a trust.
• Timeliness: Filing date is March 23, 2026, three days after the transaction; Form 4s are typically due within two business days—review the full filing to see if a late filing designation or explanation is included.

Context
This was a sale (not a purchase or exercise). Because the sale was executed under a 10b5-1 plan (adopted Dec 5, 2025), it was likely a pre-arranged trade schedule — 10b5-1 plans can limit the informational inference investors draw from insider sales. The filing also notes the insider has outstanding equity awards (RSUs and Performance Shares) with future vesting schedules; those awards are separate from this open-market sale. For full details, refer to the Form 4 (Accession No. 0001437749-26-009442).