Form 4: Northwest Natural Holding Co Executive Saathoff Reports Stock Transactions
SEC Form 4 Filing
MardiLyn Saathoff, General Counsel, CCO & SVP, Reg at Northwest Natural Holding Co, reports the withholding of shares to cover taxes on vested restricted stock units and performance shares.
Summary
- On March 5, 2025, MardiLyn Saathoff, General Counsel, CCO & SVP, Reg at Northwest Natural Holding Co, had shares withheld by the issuer to cover withholding taxes.
- 1,711 shares were withheld at a price of $42.1 per share related to the vesting of restricted stock units.
- An additional 1,797 shares were withheld at a price of $42.1 per share related to the issuance of performance shares.
- Following these transactions, Saathoff directly owns 28,459.1235 shares of common stock and indirectly owns 15,466.406 shares through the Deferred Compensation Plan for Directors and Executives.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations on vested equity, and doesn't indicate a significant positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine tax-related share withholdings.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Organization and Executive Compensation Committee certification of satisfaction of the performance threshold and vesting for restricted stock units and payout of performance shares was reported on Form 4. |
| 03/05/2025 | Date of the reported transactions: withholding of shares for taxes on vested restricted stock units and performance shares. |
| 03/07/2025 | Date of signature by Molly J. Wilcox, Attorney-in-Fact. |
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