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

Director David K. McCurdy acquired shares of Northwest Natural Holding Co through a deferred compensation plan.

Summary

• On February 26, 2024, David K. McCurdy, a director of Northwest Natural Holding Co, acquired 404.738 shares of common stock at a price of $36.6 per share.
• The acquisition was made indirectly through the Northwest Natural Gas Company's Deferred Compensation Plan for Directors and Executives.
• Following the transaction, McCurdy beneficially owns 4,271.048 shares indirectly through the deferred compensation plan and 376 shares directly.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction under a pre-existing deferred compensation plan. It's neither overwhelmingly positive nor negative.

Positives

• The director's participation in the deferred compensation plan demonstrates a long-term commitment to the company.

Industry Context

Insider transactions are routinely monitored as indicators of management's confidence in the company's prospects. Acquisitions can be viewed positively, suggesting the insider believes the stock is undervalued.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholder sentiment, as it indicates confidence from a company director.

Key Dates