Form 4: Northwest Natural Holding Co Executive James R. Downing Reports Sale of Common Stock

James R. Downing, VP and CIO of Northwest Natural Holding Co, reported the sale of 0.457 shares of common stock at $37.364 per share on March 13, 2024.

Summary

• On March 13, 2024, James R. Downing, VP and CIO of Northwest Natural Holding Co, sold 0.457 shares of common stock.
• The sale price was $37.364 per share.
• Following the transaction, Downing directly owns 8,593 shares of Northwest Natural Holding Co.
• The sale was due to the automatic sale of fractional shares in connection with the transfer of whole shares between accounts directly held by the reporting person.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an insider stock sale. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders (officers, directors, or those holding more than 10% of a company's shares) buy or sell their company's stock. These filings provide transparency into insider transactions and are closely watched by investors for signals about a company's prospects.

Stakeholder Impact

• The sale of shares by a company insider can sometimes be interpreted by the market as a lack of confidence in the company's future prospects, although in this case the sale was due to the automatic sale of fractional shares.

Key Dates