Form 4: Northwest Natural Holding Co: Officer Wilson Brody J Reports Stock Transactions
SEC Form 4 Filing
Wilson Brody J, CFO, VP, Treas., & CAO of Northwest Natural Holding Co, reports the withholding of shares to cover taxes on vested restricted stock units and performance shares, along with holdings in deferred compensation and retirement savings plans.
Summary
- On March 1, 2024, Wilson Brody J, CFO, VP, Treas., & CAO of Northwest Natural Holding Co, reported transactions involving common stock.
- 457 shares were withheld by the issuer at a price of $36.74 to cover withholding taxes on the vesting of restricted stock units.
- 701 shares were withheld by the issuer at a price of $36.74 to cover withholding taxes on the issuance of performance shares.
- Following these transactions, Wilson Brody J directly owns 8,162 shares of common stock.
- Additionally, Wilson Brody J indirectly owns 6,416.314 shares through the Deferred Compensation Plan and 190.711 shares through the Retirement K Savings Plan.
Sentiment
Score: 7
Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of restricted stock units and performance shares, which are common forms of executive compensation in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the withholding of shares for tax purposes related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/15/2024 | Date of shares held in the reporting person's account under Northwest Natural Gas Company's Retirement K Savings Plan. |
| 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 reported stock transactions. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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