Form 4: Director Lee Acquires Additional Shares of Northwest Natural Holding Co. Through Deferred Compensation Plan
SEC Form 4
Director Karen Lee acquired 1,158.495 shares of Northwest Natural Holding Co. common stock at $43.95 per share through the company's Deferred Compensation Plan.
Summary
- On May 7, 2025, Karen Lee, a director of Northwest Natural Holding Co., acquired 1,158.495 shares of common stock at a price of $43.95 per share.
- The transaction was executed under the Northwest Natural Gas Company's Deferred Compensation Plan for Directors and Executives.
- This plan was established with a written election made around June 1, 2021, intended to comply with Rule 10b5-1.
- Following the transaction, Lee's total indirect beneficial ownership amounts to 17,536.836 shares under the Deferred Compensation Plan.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The transaction reflects a director's ongoing investment in the company, executed through a standard compensation plan. There are no indications of negative implications.
Positives
- The acquisition demonstrates the director's continued investment in the company.
- The use of a pre-existing Deferred Compensation Plan and Rule 10b5-1 suggests compliance with insider trading regulations.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Directors often participate in deferred compensation plans that involve the acquisition of company stock.
Comparison to Industry Standards
- Deferred compensation plans are a common practice among publicly traded companies to align the interests of directors and executives with those of shareholders.
- Rule 10b5-1 plans are frequently used by insiders to schedule stock transactions in advance, helping to avoid accusations of trading on non-public information.
- Comparing the size of this transaction to similar insider transactions in peer companies would provide further context, but that data is not available in this document.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder confidence, as it signals a director's continued investment in the company.
Key Dates
| Date | Description |
|---|---|
| June 1, 2021 | Approximate date of written election under Northwest Natural Gas Company's Deferred Compensation Plan for Directors and Executives. |
| May 7, 2025 | Date of the transaction where Karen Lee acquired shares of common stock. |
| May 9, 2025 | Date of signature on the Form 4 filing. |
Keywords
Northwest Natural Holding Co, Director, Karen Lee, Deferred Compensation Plan, Stock Acquisition, Form 4, Rule 10b5-1, NWN
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