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

Director David K. McCurdy acquired 351.41 shares of Northwest Natural Holding Co common stock at $43.95 per share under the company's Deferred Compensation Plan.

Summary

• On May 7, 2025, David K. McCurdy, a director of Northwest Natural Holding Co, acquired 351.41 shares of common stock.
• The acquisition was made at a price of $43.95 per share.
• This transaction was executed under the Northwest Natural Gas Company's Deferred Compensation Plan for Directors and Executives.
• The plan election was initially made around September 14, 2020, and intended to comply with Rule 10b5-1 at that time.
• Following the transaction, McCurdy directly owns 376 shares and indirectly owns 6,354.199 shares through the deferred compensation plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's acquisition of shares signals confidence, but it's part of a pre-existing plan, so it's not a surprising event.

Positives

• The acquisition reflects the director's continued investment in the company.
• The use of a pre-existing Deferred Compensation Plan and Rule 10b5-1 election suggests a structured and compliant approach to trading.

Industry Context

Directors acquiring shares in their own companies is generally viewed positively by the market, as it signals confidence in the company's future prospects. Deferred compensation plans are a common way for executives and directors to accumulate company stock over time.

Related Party Transactions

• The transaction involves a director acquiring shares under a deferred compensation plan, which is a related party transaction.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders, as it signals confidence from a company director.

Key Dates

Keywords

Form 4, Director, NWN, Northwest Natural Holding Co, Share Acquisition, Deferred Compensation Plan, Rule 10b5-1