Tanguis Jesus 4

What Happened

• Tanguis Jesus, SVP and GM, Precast Infrastructure at NWPX Infrastructure, received two equity awards reported on Form 4: 1,195 restricted stock units (RSUs) and 3,584 performance share units, both granted on 2026-03-12. These are derivative awards (no share sale or open-market purchase); no purchase price or immediate cash changed hands.

Key Details

• Transaction date: 2026-03-12; Form 4 filed 2026-03-23 (appears later than the typical two-business-day filing window).
• Award types: 1,195 RSUs (each converts to one share when vested) and 3,584 Performance Shares (contingent units).
• Prices: N/A (awards/grants — no exercise price reported).
• Vesting:
  • RSUs vest in thirds: 1/3 on Jan 15, 2027; 1/3 on Jan 14, 2028; 1/3 on Jan 16, 2029. (F2)
  • Performance Shares vest 0–200% depending on NWPX total EBITDA margin; vest in thirds on Mar 31, 2027; Mar 31, 2028; and Mar 30, 2029. (F3, F4)
• Shares owned after transaction: not stated in the provided filing.
• Filing timeliness: Filed 11 days after the transaction date — appears late relative to the typical two-business-day Form 4 deadline.

Context

• These awards are compensation/retention instruments: RSUs convert to common stock on vesting; Performance Shares pay out only to the extent performance goals are met (could be 0% to 200% of target). Such grants do not indicate an immediate buy/sell decision by the insider.