Form 4: NW Natural Exec's Stock Vesting & Tax Withholding

Brian Fellon, VP, CIO, and CISO of Northwest Natural Holding Co., reported the vesting of restricted stock units and the withholding of shares for tax purposes.

Summary

• Brian Fellon, VP, CIO, and CISO of NW Natural, reported a transaction on October 1, 2025.
• 151 shares of Common Stock were withheld by Northwest Natural Holding Co. to cover withholding taxes related to the vesting of time-based restricted stock units.
• The shares were withheld at a price of $44.93 per share.
• Following this transaction, Brian Fellon beneficially owns 1,379 shares of Common Stock directly.
• This beneficial ownership includes 1,020 time-based restricted stock units granted under the Issuer's Long Term Incentive Plan.
• These 1,020 restricted stock units are scheduled to vest in two equal installments on October 1, 2026, and October 1, 2027.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction related to executive compensation (vesting of RSUs and tax withholding), which is neutral in terms of company performance or outlook.

Positives

• Vesting of time-based restricted stock units indicates the realization of executive compensation, aligning management incentives with shareholder value over time.

Negatives

• 151 shares were disposed of to cover tax obligations, reducing the direct beneficial ownership of the reporting person.

Future Outlook

Brian Fellon has 1,020 time-based restricted stock units that are scheduled to vest in two equal installments on October 1, 2026, and October 1, 2027.

Industry Context

This Form 4 filing details a routine insider transaction related to executive compensation, which is a common occurrence across all industries for publicly traded companies with equity incentive plans.

Stakeholder Impact

• Shareholders: The transaction is a routine part of executive compensation and does not indicate any significant change in company operations or strategy. It reflects the ongoing alignment of executive interests with long-term company performance through equity incentives.
• Employees: The filing pertains to executive compensation and does not directly impact the broader employee base.

Next Steps

• Vesting of 510 time-based restricted stock units on October 1, 2026.
• Vesting of 510 time-based restricted stock units on October 1, 2027.

Key Dates

Keywords

Northwest Natural Holding Co, NWN, Brian Fellon, Form 4, Insider Transaction, Restricted Stock Units, Executive Compensation, Stock Vesting, Tax Withholding