Form 4: Northwest Pipe CEO Scott Montross Transfers Shares in Divorce Settlement

CEO Scott Montross transferred 8,869 shares of Northwest Pipe Co. common stock due to a divorce settlement, relinquishing pecuniary interest in those securities.

Summary

• Scott Montross, the President & CEO of Northwest Pipe Co., filed a Form 4 indicating changes in his beneficial ownership of the company's stock.
• On May 5, 2025, Montross transferred 8,869 shares of common stock as part of a divorce settlement, a non-sale transaction without monetary consideration.
• Following the transaction, Montross directly owns 76,991 shares of Northwest Pipe Co. common stock.
• Montross also holds 15,585 Restricted Stock Units, which vest in installments in January 2026, 2027, and 2028, each representing a contingent right to receive one share of common stock.
• Additionally, he holds 46,752 Performance Shares, which vest in installments in March 2026, 2027, and 2028, with the actual amount earned ranging from 0-200% based on the company's total EBITDA margin over the measurement period.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Future Outlook

The document does not contain any specific forward-looking statements or guidance regarding the company's future performance.

Industry Context

This filing is a routine disclosure related to executive compensation and personal financial matters. It doesn't directly reflect on the company's operational performance or competitive positioning within the pipe manufacturing industry.

Stakeholder Impact

• The stock transfer has a minimal impact on shareholders as it is a personal matter of the CEO and does not reflect a change in the company's fundamentals.

Key Dates

Keywords

Form 4, beneficial ownership, stock transfer, divorce settlement, Scott Montross, Northwest Pipe Co, NWPX, Restricted Stock Units, Performance Shares, EBITDA margin