Form 4: Director Lee Karen Acquires Additional Shares of Northwest Natural Holding Co (NWN) Through Deferred Compensation Plan

Director Lee Karen acquired 1,205.999 shares of Northwest Natural Holding Co (NWN) common stock at $42.37 per share through a deferred compensation plan.

Summary

• On March 3, 2025, Director Lee Karen acquired 1,205.999 shares of Northwest Natural Holding Co (NWN) common stock.
• The shares were acquired at a price of $42.37 per share.
• The transaction was executed under 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 Karen beneficially owns 16,378.341 shares indirectly through the deferred compensation plan.

Sentiment

Score: 6

Explanation: Neutral sentiment. The filing reflects a routine transaction under a pre-existing compensation plan. It doesn't indicate any significant positive or negative outlook.

Positives

• The director's participation in the deferred compensation plan demonstrates a long-term commitment to the company.
• The acquisition increases the director's stake in the company, aligning their interests with those of other shareholders.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates a director's continued investment in the company.

Comparison to Industry Standards

• Comparing insider transactions to peers requires analyzing similar filings from companies like Atmos Energy (ATO) or ONE Gas (OGS).
• The size and frequency of insider buys and sells can be benchmarked against these companies to gauge overall sentiment.
• Deferred compensation plans are common, but the specific terms and participation rates vary across the industry.

Stakeholder Impact

• The transaction has a minor positive impact on shareholder confidence as it shows a director's continued investment in the company.

Key Dates