Form 4: Northwest Natural Holding Co Executive Saathoff Reports Stock Transactions
SEC Form 4 Filing
SVP, General Counsel & Reg Saathoff MardiLyn reports withholding of shares for tax obligations related to vesting of restricted stock units and performance shares, along with holdings in deferred compensation plan.
Summary
- On March 1, 2024, Saathoff MardiLyn, SVP, General Counsel & Reg of Northwest Natural Holding Co, had shares withheld by the issuer to cover withholding taxes.
- 1,186 shares were withheld at a price of $36.74 related to the vesting of restricted stock units.
- 2,089 shares were withheld at a price of $36.74 related to the payout of performance shares.
- Following these transactions, Saathoff directly owns 24,552.1235 shares of Common Stock and indirectly owns 14,725.975 shares through the Northwest Natural Gas Company's Deferred Compensation Plan for Directors and Executives.
Sentiment
Score: 5
Explanation: The document reflects routine transactions related to executive compensation and tax obligations, indicating a neutral 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.
Comparison to Industry Standards
- Tracking insider transactions is a common practice in financial analysis.
- Comparing the frequency and size of insider transactions at Northwest Natural Holding Co to those of peers like Atmos Energy or ONE Gas could provide insights into management's sentiment and expectations for the company's future performance.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily concern the reporting person's tax obligations related to vested equity.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | 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. |
| 03/01/2024 | Date of transaction: shares withheld for taxes on vesting of restricted stock units and performance shares. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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