Form 4: Northwest Natural Holding Co: Officer Kimberly Heiting Rush Reports Stock Transactions
SEC Form 4
Kimberly Heiting Rush, SVP & COO of Northwest Natural Holding Co, reports the withholding of shares to cover taxes related to vesting of restricted stock units and performance shares, along with holdings in deferred compensation and retirement savings plans.
Summary
- On March 5, 2025, Kimberly Heiting Rush, SVP & COO of Northwest Natural Holding Co, reported transactions involving the company's common stock.
- A total of 1,512 shares were withheld by the issuer to cover withholding taxes on the issuance of shares due to the vesting of restricted stock units at a price of $42.1.
- An additional 1,952 shares were withheld by the issuer to cover withholding taxes on the issuance of performance shares at a price of $42.1.
- Following these transactions, Rush directly owns 21,965.6531 shares of common stock.
- Rush also indirectly owns 40.041 shares through the Deferred Compensation Plan for Directors and Executives and 1,469.626 shares through the Retirement K Savings Plan as of February 28, 2025.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company officer, which is a common practice in publicly traded companies. It provides transparency to investors regarding insider activity.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency regarding insider transactions.
- Companies like Southern Company (SO), Duke Energy (DUK), and Sempra Energy (SRE) also have officers who regularly file Form 4s to report similar transactions.
- The withholding of shares for tax obligations upon vesting of restricted stock units and performance shares is a common practice across these companies.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily involve the withholding of shares for tax purposes.
- The filing provides transparency to shareholders regarding insider transactions, which can influence investor confidence.
Key Dates
| Date | Description |
|---|---|
| February 28, 2025 | Date of Organization and Executive Compensation Committee certification of satisfaction of the performance threshold and vesting for restricted stock units and payout of performance shares. |
| February 28, 2025 | Date of shares held in reporting person's account under Northwest Natural Gas Company's Retirement K Savings Plan. |
| March 05, 2025 | Date of stock transactions (withholding of shares for taxes). |
| March 07, 2025 | Date of signature by Molly J. Wilcox, Attorney-in-Fact. |
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