Form 4: Brian Fellon Exits Officer Role at NW Natural Holding
Statement of Changes in Beneficial Ownership
Brian Fellon, VP, CIO & CISO, is no longer considered an officer for Section 16 reporting purposes at Northwest Natural Holding Co.
Summary
- Brian Fellon has ceased to be an officer of Northwest Natural Holding Co. as defined by Rule 16a-1 of the Securities Exchange Act of 1934.
- The filing serves as an exit Form 4, indicating the reporting person is no longer subject to Section 16 reporting requirements.
- Fellon will continue his employment as a non-executive officer of Northwest Natural Gas Company, a subsidiary of the issuer.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative update regarding executive reporting status with no impact on the company's financial position.
Positives
- The individual remains employed within the corporate group, ensuring continuity of institutional knowledge at the subsidiary level.
Negatives
- The departure of a key executive from the parent company's officer roster may signal a change in corporate reporting structure or executive responsibilities.
Risks
- Potential loss of executive-level oversight at the holding company level regarding information technology and security strategy.
Future Outlook
No specific financial guidance or forward-looking operational statements were provided in this filing.
Industry Context
StockSavvy.ai notes that this filing is a standard administrative disclosure regarding Section 16 reporting status, common when executive roles are restructured or reclassified within a corporate hierarchy.
Comparison to Industry Standards
- The filing follows standard SEC regulatory compliance procedures for reporting changes in officer status.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| VP, CIO & CISO | Brian Fellon | N/A | 05/28/2026 | Reporting person is no longer an officer of the Issuer within the meaning of Rule 16a-1. |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Reporting Status | Reporting person no longer subject to Section 16 of the Exchange Act. | 05/28/2026 | Administrative change; no impact on governance structure. |
Stakeholder Impact
- Minimal impact on shareholders as the individual remains with the subsidiary.
Next Steps
- The reporting person will no longer file Form 4 or Form 5 reports for Northwest Natural Holding Co.
Key Dates
| Date | Description |
|---|---|
| 05/28/2026 | Date of the transaction/event triggering the change in reporting status. |
| 05/29/2026 | Date the Form 4 was signed and filed. |
Keywords
Northwest Natural Holding, NWN, Form 4, Section 16, Executive Change, Corporate Governance
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