Form 4: Northwest Natural Holding Co CEO Reports Stock Transactions
SEC Form 4 Filing
CEO David Hugo Anderson reports the withholding of shares to cover taxes related to vesting of restricted stock units and performance shares.
Summary
- On March 5, 2025, David Hugo Anderson, CEO of Northwest Natural Holding Co, reported transactions involving the company's common stock.
- A total of 5,038 shares were withheld by the issuer to cover withholding taxes on the issuance of shares due to the vesting of restricted stock units at a price of $42.1 per share.
- An additional 5,870 shares were withheld by the issuer to cover withholding taxes on the issuance of performance shares at a price of $42.1 per share.
- Anderson directly owns 127,470 shares of common stock following these transactions.
- Anderson also indirectly owns 10,256.081 shares through Northwest Natural Gas Company's Deferred Compensation Plan for Directors and Executives.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports routine stock transactions related to executive compensation.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and are closely monitored by investors for insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders as they are related to internal compensation matters.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | 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. |
| 03/05/2025 | Date of stock transactions: withholding of shares for tax obligations related to vesting of restricted stock units and performance shares. |
| 03/07/2025 | Date of signature for the Form 4 filing. |
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