NWPX Infrastructure (NWPX) EVP logs 3,300-share sale, keeps large stake
Rhea-AI Filing Summary
NWPX Infrastructure, Inc. Executive Vice President Brittain Miles reported an open-market sale of 3,300 shares of common stock at a weighted average price of $70.8912 per share on March 20, 2026. The shares were held indirectly through a trust, where he is a beneficiary, and the sale was executed under a pre-arranged Rule 10b5-1(c) trading plan adopted on December 5, 2025. Following the sale, the trust still holds 20,006 shares of common stock. Miles also has equity incentives directly in his name, including restricted stock units covering 2,691 shares of common stock and performance shares tied to up to 16,761 shares, which vest between 2026 and 2028 based on NWPX’s total EBITDA margin.
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Insights
Pre-planned, modest insider sale with substantial remaining exposure.
Executive Vice President Brittain Miles executed an open-market sale of 3,300 common shares at a weighted average of $70.8912. The shares were held through a trust, and the sale occurred under a pre-established Rule 10b5-1(c) trading plan adopted on December 5, 2025, indicating a pre-planned diversification step rather than opportunistic timing.
After the sale, the trust still holds 20,006 shares of common stock, so the transaction represents only a portion of his indirect holdings. In addition, Miles retains direct equity incentives: restricted stock units for 2,691 underlying shares and performance shares tied to 16,761 underlying shares, all with a zero exercise price, reflecting meaningful continued alignment with shareholders.
The performance shares can vest between 0% and 200% of target based on NWPX’s total EBITDA margin over the measurement period and are scheduled to vest in installments in March 2026, 2027, and 2028. The restricted stock units vest in January 2027 and January 2028, reinforcing ongoing long-term incentives. Overall, the filing shows a routine, pre-planned sale with significant remaining exposure through both stock and performance-based awards.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,300 | $70.8912 | $234K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Shares | -- | -- | -- |
Footnotes (1)
- Adoption date of referenced 10b5-1(c) plan is: 12/05/2025 This transaction was executed in multiple trades at prices ranging from $69.6001 to $71.85 per share. The price reported reflects the weighted average sale price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Each Restricted Stock Unit represents a contingent right to receive one share of NWPX common stock. The Restricted Stock Units vest in installments in January of 2027 and 2028. 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. The Performance Shares vest in installments in March of 2026, 2027 and 2028. Reporting person is a beneficiary of the trust.
