Form 4: Northwest Natural Holding Co: Executive Weber David A. Reports Stock Transactions
SEC Form 4 Filing
VP of Gas Supply at Northwest Natural Holding Co, David A. Weber, reports the disposal of shares to cover withholding taxes related to vesting of restricted stock units and performance shares.
Summary
- On March 1, 2024, David A. Weber, VP of Gas Supply at Northwest Natural Holding Co, reported transactions involving common stock.
- Weber disposed of 457 shares at $36.74 to cover withholding taxes on the issuance of shares due to the vesting of restricted stock units.
- An additional 701 shares were disposed of at $36.74 to cover withholding taxes on the issuance of performance shares.
- Following these transactions, Weber directly owns 1,918.634 shares and indirectly owns 2,036.657 shares through the Deferred Compensation Plan and 17,783.346 shares through the Retirement K Savings Plan.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions. There is no indication of positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is a common practice in publicly traded companies. It provides transparency into the trading activities of insiders.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations from vested stock.
Key Dates
| Date | Description |
|---|---|
| 02/15/2024 | Date shares held in reporting person's account under 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 transactions: disposal of shares to cover withholding taxes. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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