Form 4: Northwest Natural Holding Co. Director Acquires Shares Through Deferred Compensation Plan
SEC Form 4 Filing
Director David K. McCurdy acquired 351.108 shares of Northwest Natural Holding Co. common stock through a deferred compensation plan.
Summary
- David K. McCurdy, a director at Northwest Natural Holding Co., acquired 351.108 shares of common stock.
- The acquisition was made on November 20, 2024, at a price of $42.12 per share.
- The shares were acquired indirectly through the company's Deferred Compensation Plan for Directors and Executives.
- This transaction increased McCurdy's indirect holdings to 5,569.813 shares, in addition to 376 directly held shares.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive as it reflects a routine transaction by a director, indicating confidence in the company but not a major event.
Positives
- The acquisition of shares by a director can be seen as a positive sign of confidence in the company's future.
Industry Context
This is a routine filing related to insider transactions and is common for publicly traded companies. It does not indicate any specific trend in the industry.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and this transaction is consistent with typical insider trading activity.
- The use of deferred compensation plans is a common method for compensating directors and executives in many industries.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it indicates a director's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 09/14/2020 | Date of the original election under Northwest Natural Gas Company's Deferred Compensation Plan for Directors and Executives. |
| 11/20/2024 | Date of the share acquisition by David K. McCurdy. |
| 11/22/2024 | Date of the signature on the Form 4 filing. |
Keywords
insider trading, Form 4, share acquisition, deferred compensation, director, NWN, Northwest Natural Holding Co.
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