X0306
4
2020-03-31
0001001385
NORTHWEST PIPE CO
NWPX
0001445525
Kendrick Megan A.
201 NE PARK PLAZA DRIVE
SUITE 100
VANCOUVER
WA
98684
1
VP of Human Resources
Common Stock
2020-03-31
4
M
0
2309
A
2794
D
Common Stock
2020-03-31
4
F
0
862
22.25
D
1932
D
Restricted Stock
Common Stock
1410
1410
D
Performance Shares
2020-03-31
4
M
0
1698
D
Common Stock
2309
3382
D
Each Restricted Stock Unit represents a contingent right to receive one share of Northwest Pipe Company common stock.
Represents shares withheld by the issuer for payment of taxes incurred upon vesting event consistent with company policy.
The Restricted Stock Units vest in installments in January of 2021, 2022 and 2023.
Performance Shares vest in an amount ranging from 0-150% to the extent such Performance Shares are earned. Performance Shares are earned based on Northwest Pipe Company's total EBITDA margin over the measurement period.
Performance Shares vest in installments as follows: 2/3 on March 31, 2020 and 1/3 on March 31, 2021.
/s/ Megan Kendrick
2020-04-02