Northwest Pipe Company Aligns Executive Incentives with Performance
Company Announcements

Northwest Pipe Company Aligns Executive Incentives with Performance

Northwest Pipe Company (NWPX) has provided an announcement.

Northwest Pipe Company’s Board of Directors has approved incentive-based stock awards for top executives, blending performance share units (PSUs) and restricted stock units (RSUs). The PSUs, making up 75% of the award, will vest based on the company’s financial performance, specifically its EBITDA Margin, and will do so over three years. The RSUs, constituting the remaining 25%, also vest over three years but are contingent on continued service. Both types of stock units have provisions for immediate vesting in case of a company change in control, subject to certain conditions. This strategic move aims to align executive compensation with the company’s long-term success and shareholder value.

Find detailed analytics on NWPX stock on TipRanks’ Stock Analysis page.

Related Articles
TheFlyNorthwest Pipe downgraded to Market Perform from Outperform at Northland
TipRanks Auto-Generated NewsdeskNorthwest Pipe Reports Strong Q3 2024 Financial Performance
TheFlyNorthwest Pipe reports Q3 EPS 1.02, consensus 87c
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App