Form 4: Northwest Natural Holding Co. Director Acquires Shares Through Deferred Compensation Plan

Director Karen Lee acquired 1,156.906 shares of Northwest Natural Holding Co. common stock through a deferred compensation plan.

Summary

• Karen Lee, a director at Northwest Natural Holding Co., acquired 1,156.906 shares of common stock.
• The shares were acquired indirectly through the company's Deferred Compensation Plan for Directors and Executives.
• The transaction occurred on November 20, 2024, at a price of $42.12 per share.
• This acquisition increased Lee's total indirect holdings to 14,991.588 shares.
• The deferred compensation plan election was made on or about June 1, 2021, and was intended to satisfy Rule 10b5-1 at the time.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a routine transaction under a pre-existing plan, and insider buying can be seen as a positive sign.

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 reflects the execution of a pre-existing compensation plan.

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.
• Deferred compensation plans are a common method of executive compensation, and the use of Rule 10b5-1 plans is also a standard practice to avoid accusations of insider trading.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it indicates confidence from a company director.

Key Dates

Keywords

Form 4, Beneficial Ownership, Director, Deferred Compensation Plan, NWN, Northwest Natural Holding Co., Share Acquisition