Form 4: Northwest Natural Holding Co: Officer Wilson Brody J Reports Tax Withholding on Vesting of Restricted Stock Units and Performance Shares

VP, Treasurer, Controller & CAO of Northwest Natural Holding Co, Wilson Brody J, reports the withholding of shares to cover taxes on vested restricted stock units and performance shares.

Summary

• On March 5, 2025, Wilson Brody J, VP, Treasurer, Controller & CAO of Northwest Natural Holding Co, reported the withholding of 472 shares of common stock at $42.1 per share to cover withholding taxes on the vesting of restricted stock units.
• An additional 563 shares of common stock were withheld at $42.1 per share to cover withholding taxes on the issuance of performance shares.
• Following these transactions, Wilson Brody J directly owns 12,728 shares of common stock and indirectly owns 6,738.93 shares through the Deferred Compensation Plan and 200.28 shares through the Retirement K Savings Plan.
• The restricted stock units vest in three equal installments on September 1, 2025, 2026, and 2027.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively. The vesting of shares is generally a positive sign, but the tax withholding is a neutral event.

Positives

• The vesting of restricted stock units and performance shares indicates that performance thresholds have been met, which is generally a positive sign.

Future Outlook

The vesting schedule of the restricted stock units extends to September 1, 2027, indicating a continued incentive for the reporting person.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. The vesting of stock options and restricted stock units is a common practice in publicly traded companies to align executive interests with shareholder value.

Comparison to Industry Standards

• Stock-based compensation is a common practice among publicly traded companies, including peers like Atmos Energy Corporation (ATO) and ONE Gas, Inc. (OGS).
• The vesting schedules and performance metrics associated with these grants are typically aligned with industry benchmarks and company-specific goals.
• The amount of shares withheld for tax purposes is dependent on the individual's tax situation and the company's withholding policies, which are generally consistent with IRS regulations.

Stakeholder Impact

• Shareholders may view the vesting of restricted stock units and performance shares as a sign that the company is meeting its performance goals.
• Employees who are also shareholders may be impacted by the vesting of these shares.

Key Dates