Form 4: NW Natural Holding Officer Reports Fractional Share Sale
Insider Transaction Report
MardiLyn Saathoff, General Counsel of Northwest Natural Holding Co, reported the sale of fractional common shares and a correction to previously filed beneficial ownership.
Summary
- MardiLyn Saathoff, General Counsel, CCO & SVP, Reg, reported transactions involving Northwest Natural Holding Co (NWN) common stock.
- On December 22, 2025, Saathoff disposed of 0.3365 shares and 0.787 shares of common stock, both at a price of $46.9 per share.
- These dispositions were due to the sale of fractional shares related to the transfer of whole shares between accounts directly held by Saathoff.
- Following these transactions, Saathoff directly owns 28,458.787 shares of common stock.
- Indirect holdings include 16,004.178 shares in the company's Deferred Compensation Plan and 662.807 shares in the Retirement K Savings Plan.
- The shares held in the Retirement K Savings Plan were inadvertently omitted from previous Form 4 filings, and this filing serves as a correction.
Sentiment
Score: 5
Explanation: The filing is neutral, reporting a routine administrative transaction (sale of fractional shares) and a correction of previously omitted beneficial ownership, which are standard compliance activities.
Positives
- Correction of previously omitted shares enhances transparency and accuracy of insider ownership records.
Future Outlook
N/A
Industry Context
This is a routine insider transaction filing for a utility company executive. Such administrative sales of fractional shares are common and generally do not reflect a change in investment sentiment or broader industry trends.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | MardiLyn Saathoff granted a Power of Attorney to several individuals, including Megan H. Berge, Molly J. Wilcox, Megan E. Kenney, and Cathy D. Crown, to execute and file SEC Forms 3, 4, and 5, manage EDGAR accounts, and perform related acts on her behalf as an officer and/or director of Northwest Natural Holding Company. | 2025-08-06 | This is a standard corporate governance practice to facilitate timely and accurate SEC filings for insiders, ensuring compliance with Section 16 of the Exchange Act. |
Stakeholder Impact
- Minimal impact on shareholders as the transaction involves a small number of fractional shares and a correction, indicating standard compliance rather than a significant change in insider holdings or company strategy.
Next Steps
- Continued compliance with Section 16 of the Exchange Act for future transactions and holdings.
Key Dates
| Date | Description |
|---|---|
| 2025-08-06 | Date Power of Attorney was executed by MardiLyn Saathoff. |
| 2025-12-19 | Date as of which shares were held in reporting person's Retirement K Savings Plan account, inadvertently omitted from previous filings. |
| 2025-12-22 | Date of transaction for the sale of fractional common stock shares. |
| 2025-12-23 | Date Form 4 was signed by Molly J. Wilcox, Attorney-in-Fact. |
Keywords
Northwest Natural Holding Co, NWN, MardiLyn Saathoff, Form 4, insider transaction, common stock, fractional shares, beneficial ownership, SEC filing
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