Form 4: Director Lee Karen Increases Stake in Northwest Natural Holding Co (NWN)
SEC Form 4 Filing
Director Lee Karen acquired additional shares of Northwest Natural Holding Co through a deferred compensation plan.
Summary
- On February 26, 2024, Director Lee Karen acquired 1,333.62 shares of Northwest Natural Holding Co (NWN) common stock at a price of $36.6 per share.
- The transaction was conducted under the Northwest Natural Gas Company's Deferred Compensation Plan for Directors and Executives.
- Following the transaction, Lee Karen directly and indirectly beneficially owns 10,834.456 shares.
- The acquisition was made pursuant to a written election under the deferred compensation plan made on or about June 1, 2021, intended to satisfy Rule 10b5-1.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a routine transaction under a pre-existing compensation plan. The director's increased stake is a mildly positive signal.
Positives
- Director's increased stake may signal confidence in the company's future prospects.
Industry Context
Form 4 filings are routine disclosures, but closely watched as they provide insights into the actions of company insiders.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| June 1, 2021 | Date of original election under Northwest Natural Gas Company's Deferred Compensation Plan for Directors and Executives. |
| 02/26/2024 | Date of transaction: acquisition of common stock. |
| 02/28/2024 | Date of signature on the Form 4 filing. |
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