Form 4: Northwest Pipe Co. Executive Stokes Reports Stock Transactions

Eric Stokes, SVP/GM of Engineered SPP at Northwest Pipe Co., reports the vesting of performance shares and associated tax withholdings.

Summary

• Eric Stokes, a Senior Vice President and General Manager at Northwest Pipe Company, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On March 31, 2025, Stokes acquired shares through the vesting of performance shares and had shares withheld for tax payments.
• Specifically, Stokes acquired 2,672, 3,199, and 3,329 shares through performance share vesting.
• The company withheld 997, 1,194, and 1,243 shares respectively at a price of $41.3 for tax obligations.
• Following these transactions, Stokes directly owns 30,762 shares of Northwest Pipe Company common stock.
• Stokes also holds 19,660, 16,778, and 14,275 performance shares, and 4,758 restricted stock units.

Sentiment

Score: 6

Explanation: The document is a neutral regulatory filing. The vesting of performance shares could be seen as slightly positive, indicating the company met certain performance goals, but the filing itself is primarily informational.

Positives

• The vesting of performance shares suggests that the company has met certain performance targets related to EBITDA margin.

Future Outlook

The document does not contain explicit forward-looking statements, but the vesting schedules of performance shares and restricted stock units extend into future years (2026, 2027, 2028).

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates that the executive is receiving compensation in the form of stock, which is a common practice.

Comparison to Industry Standards

• Stock-based compensation is a common practice among publicly traded companies to align the interests of executives with those of shareholders.
• The vesting schedules for performance shares and restricted stock units are typical, often spanning several years to incentivize long-term performance.
• Companies like Mueller Water Products and American Cast Iron Pipe Company also utilize stock-based compensation for their executives.

Stakeholder Impact

• Shareholders may view the vesting of performance shares positively, as it suggests the company is achieving its performance targets.
• The tax withholding impacts the executive's personal finances.

Key Dates

Keywords

Form 4, beneficial ownership, stock transactions, performance shares, restricted stock units, Northwest Pipe Co, Eric Stokes, vesting, tax withholding, NWPX