NWPX Infrastructure, Inc. (NWPX) SVP granted RSU and performance share awards
Rhea-AI Filing Summary
Tanguis Jesus reported acquisition or exercise transactions in this Form 4 filing.
NWPX Infrastructure, Inc. senior vice president Jesus Tanguis received new equity awards as part of his compensation. He was granted 1,195 restricted stock units and 3,584 performance share units, each representing the right to receive one share of common stock.
The restricted stock units vest in three equal installments on January 15, 2027, January 14, 2028, and January 16, 2029. The performance shares can vest between 0–200% of the target amount based on NWPX’s total EBITDA margin over the performance period, with one-third vesting on March 31, 2027, March 31, 2028, and March 30, 2029 if earned.
After these awards, Tanguis directly holds 1,496 shares of common stock, 2,034 restricted stock units and 7,838 performance share units, indicating routine, compensation-related equity accumulation rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock | 1,195 | $0.00 | -- |
| Grant/Award | Performance Shares | 3,584 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Each Restricted Stock Unit represents a contingent right to receive one share of NWPX common stock. The Restricted Stock Units vest in installments as follows: 1/3 on January 15, 2027, 1/3 on January 14, 2028 and 1/3 on January 16, 2029. 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 as follows: 1/3 on March 31, 2027, 1/3 on March 31, 2028 and 1/3 on March 30, 2029.