Tanguis Jesus 4

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.