Form 4: Northwest Natural Holding Co: Executive Filippi Reports Stock Transactions
SEC Form 4
Shawn M. Filippi, VP, CCO & Corporate Secretary of Northwest Natural Holding Co, reports the withholding of shares to cover taxes related to vesting of restricted stock units and performance shares.
Summary
- On March 1, 2024, Shawn M. Filippi, VP, CCO & Corporate Secretary of Northwest Natural Holding Co, had shares withheld by the issuer to cover withholding taxes.
- 161 shares were withheld at a price of $36.74 related to the vesting of restricted stock units.
- An additional 64 shares were withheld at a price of $36.74 related to the issuance of performance shares.
- Following these transactions, Filippi directly owns 2,033.3438 shares and 1,969.3438 shares of common stock respectively.
- Filippi also indirectly owns 12,346.032 shares through the Deferred Compensation Plan for Directors and Executives and 1,371.57 shares through the Retirement K Savings Plan as of February 15, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not represent a significant change in company ownership.
Key Dates
| Date | Description |
|---|---|
| 02/15/2024 | Date of shares held in reporting person's account in Northwest Natural Gas Company's Retirement K Savings Plan |
| 02/23/2024 | Organization and Executive Compensation Committee certification of satisfaction of the performance threshold and vesting for these restricted stock units was reported on Form 4 |
| 03/01/2024 | Date of stock transactions (share withholding for taxes) |
| 03/05/2024 | Date of signature on the Form 4 filing |
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