Form 4: Northwest Natural Holding Co: Executive Weber David A. Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Executive Weber David A. reports changes in beneficial ownership of Northwest Natural Holding Co stock due to tax withholding on vested restricted stock units and performance shares.
Summary
- On March 5, 2025, David A. Weber, VP of Gas Supply at Northwest Natural, reported changes in his beneficial ownership of the company's stock.
- These changes resulted from the withholding of shares by the issuer to cover withholding taxes on the issuance of shares due to the vesting of restricted stock units and performance shares.
- 472 shares were withheld at a price of $42.1 per share related to restricted stock units.
- 563 shares were withheld at a price of $42.1 per share related to performance shares.
- Following these transactions, Weber directly owns 3,001.066 shares and 2,438.0666 shares.
- Weber also indirectly owns 2,139.061 shares through the Deferred Compensation Plan and 19,956.871 shares through the Retirement K Savings Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to executive compensation and does not convey any particularly positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and does not indicate any specific trend in the gas or utilities industry.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they relate to routine executive compensation.
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 transactions (withholding of shares for taxes). |
| 03/07/2025 | Date of signature on the Form 4 filing. |
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