Form 4: Northwest Natural Holding Co: Officer Karney Reports Changes in Beneficial Ownership

Joseph S. Karney, VP of Engineering & Utility Operations at Northwest Natural Holding Co, reports changes in beneficial ownership of common stock due to tax withholding on vested restricted stock units.

Summary

• On March 5, 2025, Joseph S. Karney, VP of Engineering & Utility Operations at Northwest Natural Holding Co, reported changes in his beneficial ownership of the company's common stock.
• The changes are due to the withholding of 166 shares by the issuer to cover withholding taxes on the issuance of shares from vested restricted stock units (RSUs).
• These RSUs vested following the Organization and Executive Compensation Committee's certification of performance threshold satisfaction, as reported on February 28, 2025.
• Following the transaction, Karney directly owns 2,969.2678 shares of common stock.
• This includes 54 time-based RSUs that vest on March 1, 2026.
• Karney also indirectly owns 375.288 shares through the Deferred Compensation Plan and 230.387 shares through the Retirement K Savings Plan.

Sentiment

Score: 5

Explanation: This is a neutral filing related to standard executive compensation practices. It doesn't indicate positive or negative sentiment.

Industry Context

This is a routine Form 4 filing, which is common for corporate officers who receive stock-based compensation. It provides transparency into insider transactions and helps investors understand the alignment of management's interests with those of shareholders.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects standard executive compensation practices and tax withholding.

Key Dates