The Northwest Pipe Co. board awarded stock bonuses last week to five executives with the Vancouver-based company.
Scott Montross, president and CEO, was awarded 25,308 performance share units and 8,436 restricted stock units; Robin Gantt, senior vice president and chief financial officer was awarded 8,442 performance share units and 2,814 restricted stock units; William Smith, executive vice president, water transmission engineered products, was awarded 8,335 performance share units and 2,778 restricted stock units; Aaron Wilkins, vice president of finance and corporate controller was awarded 2,547 performance share units and 849 restricted stock units; and Miles Brittain, vice president of operations, water transmission engineered products was awarded 3,470 performance share units and 1,157 restricted stock units.
The performance share units will be determined based on the performance level achieved, according to a U.S. Securities and Exchange Commission filing. The restricted stock units will vest in three equal installments Jan. 15; Jan. 15, 2021, and Jan. 17, 2022, based on continued service with the company on that date.
Northwest Pipe Co. shares closed at $24.71 Monday on Nasdaq. The board approved the bonuses on March 26.
