secwatch.observer — SEC 8-K summary
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Issuer:     NWPX Infrastructure, Inc. (NWPX)
CIK:        0001001385
Form:       8-K
Filed at:   2023-04-13T23:59:59+00:00
Accession:  0001437749-23-010174
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northwest Pipe grants 25,814 PSUs and 8,605 RSUs to CEO; other executives also receive awards
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- CEO Scott Montross receives 25,814 PSUs and 8,605 RSUs; 75% in PSUs tied to EBITDA margin, 25% time-based RSUs.
- CFO Aaron Wilkins gets 9,636 PSUs and 3,212 RSUs; EVP Miles Brittain receives same amounts.
- SVP Eric Stokes awarded 8,647 PSUs and 2,882 RSUs; SVP Michael Wray gets 8,255 PSUs and 2,752 RSUs.
- PSUs vest in three tranches (Apr 2024, Mar 2025, Mar 2026) based on EBITDA margin targets; RSUs vest Jan 2024, 2025, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001385/000143774923010174/0001437749-23-010174-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001385/000143774923010174/nwpx20230208b_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-010174

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer