Brittain Miles 4

What Happened
Brittain Miles, Executive Vice President of NWPX Infrastructure, converted/exercised multiple performance-based awards and restricted stock units on March 31, 2026. The filing shows three award/vesting conversions of 3,758; 3,748; and 2,826 shares (total 10,332 shares) and several derivative dispositions (3,212; 2,883; 2,593 shares). To satisfy tax obligations, 1,478; 1,474; and 1,112 shares were withheld/surrendered at $77.86 per share — totaling 4,064 shares and $316,423. The filing also lists an F-line showing 8,073 shares disposed with no price/value reported.

Key Details

• Transaction date: March 31, 2026; Form 4 filed April 2, 2026 (no late filing indicated).
• Reported price for tax-withheld shares: $77.86 per share (three transactions totaling $316,423).
• Shares acquired via exercise/conversion (M): 3,758; 3,748; 2,826 (listed as acquisitions in the filing).
• Derivative dispositions (M): 3,212; 2,883; 2,593 shares (listed as dispositions).
• Tax-withholding dispositions (F): 1,478; 1,474; 1,112 shares (total 4,064 shares) and an additional F-line for 8,073 shares reported with no price.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Relevant footnotes: F1 (vesting of Performance Shares), F3 (shares withheld by issuer to pay taxes), F6–F8 (performance-share vesting schedules), F10 (RSU = right to one share), F5 (forfeited units per Retirement Agreement), F2 (reporting person is beneficiary of a trust).

Context

• Code meanings: M = exercise or conversion of derivative (e.g., performance share units/RSUs); F = payment of exercise price or shares withheld to cover taxes. This appears to be a routine vesting/exercise event with shares withheld to cover tax liability (a common cashless exercise/withholding).
• Such withholding/dispositions to satisfy taxes are standard and do not necessarily indicate a buy/sell decision about the company’s stock.