Tanguis Jesus 4
4 · NWPX Infrastructure, Inc. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
NWPX SVP Tanguis Jesus Receives Performance Shares; Tax Withholding
What Happened
Tanguis Jesus, Senior Vice President & GM, Precast Infrastructure at NWPX Infrastructure (NWPX), reported vesting/conversion of performance-based equity on March 31, 2026. The filing shows two vesting/conversion events totaling 1,242 and 851 shares (2,093 shares acquired pursuant to performance-share vesting). The company withheld 358 and 245 shares to cover tax withholding at $77.86 per share (total withholding value reported: $27,874 and $19,076; combined $46,950). The Form 4 also lists conversions/dispositions of two derivative items (955 and 781 units) with no price or cash value reported.
Key Details
- Transaction date: 2026-03-31 (filed 2026-04-02; filing appears timely).
- Vesting/conversion reported: 1,242 shares and 851 shares (total 2,093) — coded M (exercise/conversion of derivative; here, performance-share vesting).
- Tax withholding: 358 shares and 245 shares withheld at $77.86/share, totaling $46,950 — coded F (payment of tax liability via share withholding).
- Additional derivative entries: 955 and 781 units listed as disposed (no price/value shown).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Relevant footnotes: shares arose from Performance Shares tied to NWPX total EBITDA margin; vesting schedules noted (1/3 installments include March 31, 2026 for applicable awards).
Context
This was an award/vesting event (not an open-market purchase or sale). The withholding of shares to satisfy taxes is routine and does not necessarily indicate a change in insider sentiment. Performance Shares here vest based on company EBITDA margin and vest in scheduled installments (some awards had a March 31, 2026 tranche). The M code reflects conversion/vesting of derivative awards; the F code reflects shares withheld for taxes.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-31+1,242→ 2,738 total - Tax Payment
Common Stock
[F2]2026-03-31$77.86/sh−358$27,874→ 2,380 total - Exercise/Conversion
Common Stock
[F1]2026-03-31+851→ 3,231 total - Tax Payment
Common Stock
[F2]2026-03-31$77.86/sh−245$19,076→ 2,986 total - Exercise/Conversion
Performance Shares
[F3][F4]2026-03-31−955→ 6,883 total→ Common Stock (1,242 underlying) - Exercise/Conversion
Performance Shares
[F3][F5]2026-03-31−781→ 6,102 total→ Common Stock (851 underlying)
- 2,034
Restricted Stock
[F6][F7]→ Common Stock
Footnotes (7)
- [F1]Represents shares acquired pursuant to the vesting of Performance Shares.
- [F2]Represents shares withheld by the issuer for payment of taxes incurred upon vesting event consistent with company policy.
- [F3]Performance Shares vest in an amount ranging from 0-200% to the extent such Performance Shares are earned. Performance Shares are earned based on NWPX's total EBITDA margin over the measurement period.
- [F4]Performance Shares vest in installments as follows: 1/3 March 31, 2025, 1/3 on March 31, 2026 and 1/3 on March 31, 2027.
- [F5]Performance Shares vest in installments as follows: 1/3 on March 31, 2026, 1/3 on March 31, 2027 and 1/3 on March 31, 2028.
- [F6]Each Restricted Stock Unit represents a contingent right to receive one share of NWPX common stock.
- [F7]The Restricted Stock Units vest in installments in January of 2027, 2028 and 2029.