Form 4: Northwest Natural Holding Co Director McDonough Acquires Additional Shares
SEC Form 4 Filing
Director Sandra McDonough acquired 712.705 shares of Northwest Natural Holding Co at $38.09 per share through a deferred compensation plan.
Summary
- On August 5, 2024, Sandra McDonough, a director of Northwest Natural Holding Co, acquired 712.705 shares of common stock at a price of $38.09 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 January 6, 2022.
- Following the transaction, McDonough beneficially owns 6,452.682 shares through the deferred compensation plan.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects a routine transaction under a pre-existing deferred compensation plan. Insider buying can be seen as a positive signal, but in this case, it's part of a pre-arranged plan.
Positives
- Director McDonough's purchase of shares may signal confidence in the company's future prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency regarding insider transactions, allowing investors to monitor the buying and selling activity of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 2022-01-06 | Date of written election under Northwest Natural Gas Company's Deferred Compensation Plan for Directors and Executives. |
| 2024-08-05 | Date of transaction: Acquisition of 712.705 shares of common stock. |
| 2024-08-07 | Date of Form 4 filing. |
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