Form 4: NW Natural Director's Routine Stock Transactions

Sentiment:

Insider Transaction Report 20 January 2026 5:16 PM

📋All filings for Northwest Natural Holding CO

Northwest Natural Holding Co. Director David Hugo Anderson reported routine changes in his beneficial ownership of common stock, including a deferred compensation plan distribution and tax-related share withholding.

Summary

Director David Hugo Anderson reported changes in his beneficial ownership of Northwest Natural Holding Co. common stock.
On January 15, 2026, 1,266 shares were distributed from his account under the company's Deferred Compensation Plan for Directors and Executives (DCP) to his brokerage account.
Concurrently, 1,266 shares were acquired directly by Mr. Anderson as a result of this distribution.
Additionally, 546 shares were disposed of indirectly at a price of $46.98 per share to cover withholding taxes related to the DCP distribution.
Following these transactions, Mr. Anderson beneficially owns 38,220 shares directly and 8,800.689 shares indirectly through the DCP.

Sentiment

Score: 6

Explanation: The filing reports routine insider transactions related to a deferred compensation plan and tax withholding, which are expected and do not indicate any discretionary selling or buying activity that would signal a change in sentiment.

Positives

The transactions are part of a pre-existing deferred compensation plan and tax obligations, indicating routine financial management rather than discretionary selling.

Negatives

No significant negative implications as the transactions are routine for deferred compensation and tax withholding.

Risks

Future Outlook

Management Comments

Industry Context

Comparison to Industry Standards

Management Changes

Role	Previous Person	New Person	Effective Date	Reason

Corporate Governance

Change Type	Description	Effective Date	Impact Assessment

Legal Proceedings

Related Party Transactions

Stakeholder Impact

Shareholders: No direct impact on company operations or strategy; reflects a director's routine compensation management.

Next Steps

Key Dates

Date	Description
12/10/2013	Date of reporting person's election for DCP distribution.
11/18/2014	Date of reporting person's election for DCP distribution.
12/02/2015	Date of reporting person's election for DCP distribution.
12/07/2016	Date of reporting person's election for DCP distribution.
12/04/2017	Date of reporting person's election for DCP distribution.
01/15/2026	Date of reported transactions (distribution from DCP, acquisition, and tax withholding).
01/20/2026	Signature date of the reporting person's attorney-in-fact.

Recommendation

hold

The Form 4 details routine, pre-scheduled transactions by a director related to a deferred compensation plan and tax obligations. These transactions do not reflect discretionary buying or selling activity and therefore do not provide new information that would warrant a change in investment recommendation for Northwest Natural Holding Co. The stock should be held based on existing fundamentals and market conditions.

Keywords

Northwest Natural Holding Co, NWN, Form 4, Insider Transaction, Beneficial Ownership, Director Stock, Deferred Compensation, Stock Distribution, Tax Withholding

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