Form 4: Northwest Pipe Co: SVP/GM Eric Stokes Reports Stock Transactions
SEC Form 4
Eric Stokes, SVP/GM of Engineered SPP at Northwest Pipe Co, reports the vesting and disposal of performance shares and restricted stock units.
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 April 1, 2024, Stokes acquired shares through the vesting of performance shares and disposed of shares to cover tax obligations.
- These transactions involved common stock, performance shares, and restricted stock units.
- Following these transactions, Stokes directly owns 23,532 shares of common stock and holds derivative securities including 15,538 performance shares and 5,178 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company executive, indicating a neutral sentiment.
Future Outlook
Future vesting of performance shares and restricted stock units are scheduled for 2025, 2026 and 2027.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
Key Dates
| Date | Description |
|---|---|
| 03/31/2022 | First vesting date for 1/3 of some performance shares. |
| 03/31/2023 | Second vesting date for 1/3 of some performance shares. |
| 04/01/2024 | Date of the reported transactions, including vesting of performance shares and tax-related disposals. |
| 03/31/2025 | Future vesting date for 1/3 of some performance shares. |
| 03/31/2026 | Future vesting date for 1/3 of some performance shares. |
| 01/01/2025 | First vesting date for some restricted stock units. |
| 01/01/2026 | Second vesting date for some restricted stock units. |
| 01/01/2027 | Third vesting date for some restricted stock units. |
| 04/03/2024 | Date of signature on the Form 4 filing. |
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