Megan A. Kendrick, who serves as Senior Vice President of Human Resources at NWPX Infrastructure, Inc. (NASDAQ:NWPX), completed a sale of 4,500 shares of the companys common stock on March 4, 2026. The transaction generated proceeds of $362,655, reflecting a sale price of $80.59 per share.
At the time of reporting the stock has declined to $74.53, though the shares remain up 89% over the last 12 months. NWPX is described in company reporting as a $714 million infrastructure company.
After the disposal, Kendrick directly holds 6,996 shares of NWPX common stock. She also retains 1,488 Restricted Stock Units that are structured to vest in installments in January of 2027 and January of 2028. In addition, Kendrick holds 9,423 Performance Shares scheduled to vest in installments in March of 2026, 2027 and 2028. The Performance Shares are tied to NWPXs total EBITDA margin over the measurement period and may vest at a level between 0 and 200 percent of target depending on performance.
The sale was carried out pursuant to a pre-arranged 10b5-1(c) trading plan that Kendrick adopted on November 6, 2025.
Earnings context
Separately, NWPX Infrastructure reported fourth-quarter 2025 results that exceeded consensus expectations. The company posted earnings per share of $0.93, compared with a forecast of $0.62. Revenue for the quarter was $125.6 million, above the anticipated $122 million.
The market reaction to the earnings release included a modest uptick in the companys stock during premarket trading. The earnings beat and revenue outperformance were highlighted in the companys announcement and noted by market participants as indicators of the firms recent operating strength.
What the filings show
The public filings and disclosure around Kendrick's compensation mix show a combination of directly held stock, time-based restricted stock units and performance-contingent shares that vest across 2026 to 2028. The presence of a 10b5-1(c) plan indicates the sale followed a pre-established trading schedule adopted in November 2025.
The filings also make clear the vesting mechanics for the Performance Shares are dependent on NWPX reaching specified EBITDA margin thresholds, with payout possible between 0 and 200 percent of the target award.
Takeaway
The insider sale, executed under a previously adopted plan, reduced Kendrick's direct holdings while leaving in place a substantial package of time- and performance-based equity. At the same time, the company's latest quarterly results showed EPS and revenue ahead of forecasts, and the stock traded slightly higher in premarket action following the announcement. Observers should note the coexistence of an insider sale under a 10b5-1(c) plan and continued significant tied-to-performance equity awards in assessing executive alignment with shareholder outcomes.