Form 4: Northwest Natural Holding Co Executive Kimberly Heiting Reports Stock Transactions
SEC Form 4
Kimberly Heiting, SVP & COO 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, Kimberly Heiting, SVP & COO of Northwest Natural Holding Co, reported transactions involving common stock.
- A total of 1,221 shares were withheld by the issuer to cover withholding taxes on the vesting of restricted stock units at a price of $36.74 per share.
- Additionally, 1,847 shares were withheld to cover withholding taxes on the issuance of performance shares, also at $36.74 per share.
- Following these transactions, Heiting directly owns 18,509.7435 shares of common stock.
- Heiting also indirectly owns 38.124 shares through the Deferred Compensation Plan and 1,399.413 shares through the Retirement K Savings Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions related to executive compensation; it doesn't inherently convey positive or negative 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 the company's financial position.
Key Dates
| Date | Description |
|---|---|
| 02/15/2024 | Date shares held in reporting person's account in Northwest Natural Gas Company's Retirement K Savings Plan as of. |
| 02/23/2024 | Date of Form 4 filing reporting Organization and Executive Compensation Committee certification of satisfaction of the performance threshold and vesting for restricted stock units and payout of performance shares. |
| 03/01/2024 | Date of the reported transactions (withholding of shares for tax purposes). |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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