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

Sentiment:

SEC Form 4


Director Sandra McDonough reports acquisition of additional Northwest Natural Holding Co shares through a deferred compensation plan.

Summary

  • On May 7, 2025, Sandra McDonough, a director of Northwest Natural Holding Co, acquired 643.608 shares of common stock at a price of $43.95 per share.
  • The acquisition was made indirectly through Northwest Natural Gas Company's Deferred Compensation Plan for Directors and Executives.
  • Following the transaction, McDonough beneficially owns 8,649.518 shares indirectly through the deferred compensation plan.

Sentiment

Score: 7

Explanation: Director's stock acquisition is generally a positive signal, indicating confidence in the company's prospects. The transaction is part of a pre-existing deferred compensation plan.

Positives

  • The director's participation in the Deferred Compensation Plan demonstrates confidence in the company's future.

Industry Context

Directors' stock acquisitions are generally viewed positively, indicating alignment with shareholder interests. Deferred compensation plans are a common way for companies to provide long-term incentives to executives and directors.

Comparison to Industry Standards

  • Director stock ownership is a common practice across publicly traded companies.
  • Deferred compensation plans are a standard component of executive and director compensation packages, similar to those offered by peers like Atmos Energy and ONE Gas.

Related Party Transactions

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

Stakeholder Impact

  • The director's stock acquisition can positively influence shareholder sentiment.

Key Dates

DateDescription
01/06/2022Date of written election under Northwest Natural Gas Company's Deferred Compensation Plan for Directors and Executives.
05/07/2025Date of transaction: acquisition of common stock.
05/09/2025Date of signature on the Form 4 filing.

Keywords

NWN, Northwest Natural Holding Co, Sandra McDonough, Director, Form 4, Beneficial Ownership, Deferred Compensation Plan, Acquisition, Shares

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