Form 4: Northwest Natural Holding Co Director Increases Stake Through Deferred Compensation Plan

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

Summary

• David K. McCurdy, a director of Northwest Natural Holding Co, acquired 384.707 shares of common stock on May 7, 2024, at a price of $38.37 per share.
• The transaction was executed under the Northwest Natural Gas Company's Deferred Compensation Plan for Directors and Executives, following a written election made on or about September 14, 2020.
• Following the transaction, McCurdy beneficially owns 4,655.755 shares indirectly through the deferred compensation plan.
• McCurdy also directly disposed of 376 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director is increasing their stake in the company, which can be seen as a positive signal, but it's part of a pre-existing plan.

Positives

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

Industry Context

Directors' participation in deferred compensation plans is a common practice to align their interests with those of long-term shareholders. This filing indicates continued participation in such a plan.

Comparison to Industry Standards

• Deferred compensation plans for directors are a standard practice in publicly traded companies, particularly in the utilities sector.
• These plans often allow directors to defer a portion of their compensation, receiving it later in the form of company stock, which aligns their interests with shareholders.
• Comparing McCurdy's holdings and participation in the plan with those of directors at similar companies like Atmos Energy or ONE Gas could provide further context, but that data is not available in this document.

Stakeholder Impact

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

Key Dates