Insider Trading March 23, 2026

NWPX Infrastructure CEO Executes $181,200 Stock Sale; Holdings and Award Structure Detailed

Scott Montross sold 2,500 shares under a pre-set plan as the stock continues to trade above the sale price following strong quarterly results

By Sofia Navarro NWPX
NWPX Infrastructure CEO Executes $181,200 Stock Sale; Holdings and Award Structure Detailed
NWPX

NWPX Infrastructure President and CEO Scott J. Montross sold 2,500 shares on March 16, 2026, under a 10b5-1(c) plan adopted December 3, 2025, for proceeds of $181,200. The stock has since risen to $76.04, and the company reported robust fourth-quarter 2025 earnings and revenue that exceeded analyst expectations. Montross retains substantial direct and contingent holdings, including restricted stock units and performance shares tied to future vesting and performance thresholds.

Key Points

  • CEO Scott J. Montross sold 2,500 NWPX shares on March 16, 2026, at $72.48 per share, totaling $181,200.
  • Montross retains 65,977 directly held shares, 13,305 RSUs vesting in January 2027-2029, and 63,820 Performance Shares vesting in March 2026-2029 with 0-200% payout tied to total EBITDA margin.
  • NWPX reported Q4 2025 EPS of $0.93 and revenue of $125.6 million, both above analyst expectations; the stock has risen to $76.04 and is up 78% over the past year per InvestingPro data.

Scott J. Montross, President and Chief Executive Officer of NWPX Infrastructure, Inc., sold 2,500 shares of the company's common stock on March 16, 2026, at $72.48 per share. The transaction generated gross proceeds of $181,200.

The disposition was carried out pursuant to a pre-arranged 10b5-1(c) trading plan that Montross adopted on December 3, 2025. Since that sale, NWPX's stock price has climbed to $76.04, reflecting a broader rally that has produced a 78% return over the past year, according to InvestingPro data.


Post-transaction holdings and award details

Following the March 16 sale, Montross directly owns 65,977 shares of NWPX common stock. In addition to his direct holdings, he is the beneficiary of several equity awards that remain outstanding and are subject to future vesting schedules and performance criteria.

Specifically, Montross holds 13,305 Restricted Stock Units (RSUs). Each RSU represents a contingent right to one share of NWPX common stock, with vesting scheduled in installments in January of 2027, 2028 and 2029.

Montross also holds 63,820 Performance Shares. Those Performance Shares vest in installments in March of 2026, 2027, 2028 and 2029, with the number of shares that ultimately vest ranging from 0-200% based on NWPX's total EBITDA margin over the measurement period. NWPX reported EBITDA of $68.9 million for the last twelve months.


Recent company financial results and board actions on compensation

In its fourth-quarter 2025 results, NWPX Infrastructure reported earnings per share of $0.93, beating analysts' consensus of $0.62. Revenue for the quarter was $125.6 million, above the $122 million expectation.

Separately, the company's board approved equity awards for its named executive officers that include performance share units (PSUs) and restricted stock units (RSUs). The PSUs are structured to vest in three equal installments beginning in 2027 and are subject to performance criteria. The RSUs are contingent on continued service.


Context within reported facts

The transaction by Montross was executed under a standing 10b5-1(c) plan and reduced his direct share count by 2,500 shares while leaving him with meaningful direct and contingent holdings through RSUs and Performance Shares. The Performance Shares are explicitly tied to EBITDA margin performance, and the company has reported a trailing-twelve-month EBITDA figure of $68.9 million. The firm also delivered quarterly earnings and revenue above published analyst forecasts for Q4 2025.

All numerical and scheduling details in this report reflect company disclosures and the stated trading-plan parameters. Where vesting or payout outcomes depend on future performance metrics, those outcomes will be determined by the company-defined measurement periods and criteria.

Risks

  • Future vesting and value of Performance Shares depend on NWPX's total EBITDA margin over the measurement period, which is inherently uncertain and impacts executive compensation outcomes - relevant to investors assessing equity dilution and incentive alignment.
  • Restricted Stock Units require continued service to vest, creating retention-related uncertainty for executives and potential future share issuance if service conditions are met - relevant to corporate governance and compensation cost considerations.
  • Executive share sales executed under a 10b5-1(c) plan reduce insider-held liquid stock immediately but do not change outstanding contingent awards, leaving the ultimate executive ownership position subject to performance vesting results - relevant to shareholder ownership and potential future supply of shares in the market.

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