Form 4: Northwest Natural Holding Co: CEO David Anderson Reports Stock Transactions
SEC Form 4 Filing
CEO David Anderson reports the withholding of shares by Northwest Natural Holding Co to cover taxes related to vesting of restricted stock units and performance shares, along with holdings in a deferred compensation plan.
Summary
- On March 1, 2024, Northwest Natural Holding Co. withheld 4,004 shares from CEO David Anderson at a price of $36.74 to cover withholding taxes on the issuance of shares due to the vesting of restricted stock units.
- An additional 5,713 shares were withheld at $36.74 to cover taxes on the issuance of performance shares.
- Anderson also has 11,066.919 shares credited to his account under the Northwest Natural Gas Company's Deferred Compensation Plan for Directors and Executives.
- Following these transactions, Anderson directly owns 151,137 shares of common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing simply reports routine stock transactions related to tax obligations. There is no indication of positive or negative performance.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency regarding insider transactions, allowing investors to monitor the buying and selling activities of company executives and directors.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal tax-related adjustments.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Organization and Executive Compensation Committee certification of satisfaction of the performance threshold and vesting for restricted stock units and payout of performance shares was reported on Form 4. |
| 03/01/2024 | Date of stock transactions: withholding of shares for tax obligations related to vesting of restricted stock units and performance shares. |
| 03/05/2024 | Date of signature by Shawn M. Filippi, Attorney-in-Fact. |
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