Form 4: Director Lee Karen Increases Indirect Holdings in Northwest Natural Holding Co (NWN)

Director Lee Karen increased her indirect holdings in Northwest Natural Holding Co through a deferred compensation plan.

Summary

• On May 7, 2024, Director Lee Karen acquired 1,267.616 shares of Northwest Natural Holding Co (NWN) common stock indirectly at a price of $38.37 per share.
• This transaction was executed under the Northwest Natural Gas Company's Deferred Compensation Plan for Directors and Executives, pursuant to a written election made on or about June 1, 2021.
• Following the reported transaction, Lee Karen's indirect beneficial ownership increased to 12,102.072 shares under the deferred compensation plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction under a pre-existing compensation plan. It indicates confidence from the director but doesn't represent a major shift in the company's outlook.

Positives

• The director's participation in the deferred compensation plan demonstrates a long-term commitment to the company.

Industry Context

Executive compensation and stock ownership are common practices in publicly traded companies to align the interests of management with those of shareholders. Deferred compensation plans are a typical component of executive compensation packages.

Comparison to Industry Standards

• Deferred compensation plans are a common practice among publicly traded companies, including utilities like Northwest Natural Holding Co.
• Companies such as Southern Company, Duke Energy, and Exelon also utilize deferred compensation plans as part of their executive compensation packages.
• The specifics of these plans, such as the deferral rates and investment options, can vary significantly between companies.

Stakeholder Impact

• The transaction signals continued alignment between the director's interests and those of the shareholders.

Key Dates