Form 4: Northwest Natural Holding Co Director McDonough Acquires Additional Shares

Director Sandra McDonough acquired 707.507 shares of Northwest Natural Holding Co at $38.37 per share on May 7, 2024, through the company's Deferred Compensation Plan for Directors and Executives.

Summary

• On May 7, 2024, Sandra McDonough, a director of Northwest Natural Holding Co, acquired 707.507 shares of common stock 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 January 6, 2022.
• Following the transaction, McDonough's indirectly held shares total 5,676.481.
• The reporting person's election was intended to satisfy the then-current Rule 10b5-1 and has not been modified or terminated since the original election date.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The director is increasing their stake in the company, which can be seen as a positive sign. The transaction is part of a pre-planned compensation arrangement, reducing the impact of the news.

Positives

• Director's participation in the Deferred Compensation Plan signals confidence in the company's future.
• The acquisition was made under a pre-existing plan, indicating a structured and compliant approach.

Future Outlook

There is no future outlook provided in this document.

Industry Context

This filing reflects routine insider transactions related to executive compensation plans, which are common in publicly traded companies. It provides transparency into director's investment activity in the company.

Comparison to Industry Standards

• Deferred compensation plans are a common practice among publicly traded companies to attract and retain executives and directors.
• Rule 10b5-1 plans are frequently used by insiders to schedule trades in advance and avoid accusations of trading on non-public information.
• The size of the transaction is relatively small, suggesting it is part of a regular compensation arrangement rather than a significant investment decision.

Related Party Transactions

• The transaction involves the Northwest Natural Gas Company's Deferred Compensation Plan for Directors and Executives, which is a related party transaction.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it signals confidence from a director.
• The impact on other stakeholders is likely minimal.

Key Dates