Form 4: Northwest Natural Holding Co: Officer Palfreyman Reports Stock Transactions
SEC Form 4 Filing
Justin Palfreyman, President of Northwest Natural Holding Co, reports the withholding of shares to cover taxes related to vesting of restricted stock units and performance shares.
Summary
- On March 5, 2025, Justin Palfreyman, President of Northwest Natural Holding Co, reported transactions involving common stock.
- The transactions involved the withholding of 1,744 shares at $42.1 per share to cover withholding taxes on the issuance of shares due to the vesting of restricted stock units.
- Additionally, 1,574 shares were withheld at $42.1 per share to cover withholding taxes on the issuance of performance shares.
- Following these transactions, Palfreyman directly owns 16,171 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions related to tax withholdings, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they relate to tax withholdings on existing stock awards.
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 reported stock transactions (withholding of shares for tax purposes). |
| 03/07/2025 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.