Form 4: Northwest Natural Holding Co: SVP & COO Kimberly Heiting Reports Acquisition of Common Stock
SEC Form 4 Filing
Kimberly Heiting, SVP & COO of Northwest Natural Holding Co, reports acquiring common stock through the satisfaction of performance-based restricted stock unit and performance share awards.
Summary
- On February 26, 2025, Kimberly Heiting, SVP & COO of Northwest Natural Holding Co, acquired 3,036 shares of common stock due to the satisfaction of the performance threshold for 2024 under restricted stock unit awards.
- Additionally, Ms. Heiting acquired 3,877 shares of common stock as a result of meeting performance goals for 2022-2024 under a performance share award.
- Following these transactions, Ms. Heiting directly owns 25,429.6531 shares of common stock.
- She 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 14, 2025.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive. The acquisition of shares by an executive suggests confidence in the company's performance. However, it's a routine filing related to compensation.
Positives
- The acquisition of shares by a high-ranking officer may signal confidence in the company's performance and future prospects.
Industry Context
This filing is a routine disclosure of stock ownership changes by a company insider, as required by the SEC. It provides transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The increased stock ownership by a key executive could positively influence investor confidence.
Key Dates
| Date | Description |
|---|---|
| February 14, 2025 | Date of shares held in reporting person's account under Northwest Natural Gas Company's Retirement K Savings Plan |
| February 26, 2025 | Date of transaction for acquisition of common stock due to satisfaction of performance threshold and goals |
| February 28, 2025 | Date of signature by Molly J. Wilcox, Attorney-in-Fact |
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