Form 4: Northwest Natural Holding Co: Executive Acquires Shares Through Performance-Based Awards

MardiLyn Saathoff, SVP, General Counsel & Reg at Northwest Natural Holding Co, acquired shares of common stock due to the satisfaction of performance thresholds and goals under restricted stock unit and performance share awards.

Summary

• On February 26, 2025, MardiLyn Saathoff, SVP, General Counsel & Reg at Northwest Natural Holding Co, acquired 3,538 shares of common stock as a result of meeting the performance threshold for 2024 under restricted stock unit awards.
• Additionally, Saathoff acquired 3,877 shares of common stock due to the satisfaction of performance goals for 2022-2024 under a performance share award.
• The Organization and Executive Compensation Committee certified the satisfaction of the performance threshold and the award payout level on the transaction date.
• Following these transactions, Saathoff directly owns 31,967.1235 shares of common stock and indirectly owns 15,466.406 shares through Northwest Natural Gas Company's Deferred Compensation Plan for Directors and Executives.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects the achievement of performance goals and subsequent stock acquisition by an executive, indicating alignment with company objectives.

Positives

• The acquisition of shares indicates that performance thresholds and goals were met, suggesting positive performance by the company and its executives.
• The Organization and Executive Compensation Committee certified the satisfaction of the performance threshold and the award payout level, reinforcing the achievement of these goals.

Industry Context

Executive stock acquisitions are common in publicly traded companies as part of compensation packages designed to align executive interests with shareholder value. The vesting of performance-based awards suggests the company is meeting its performance targets.

Stakeholder Impact

• Shareholders may view the vesting of performance-based awards positively, as it suggests the company is meeting its performance targets.
• Employees may be motivated by the achievement of performance goals and the recognition of executive performance.

Key Dates