Form 4: NW Natural VP Sells Shares Under Pre-Arranged Plan
Insider Transaction Report
David A. Weber, VP of Gas Supply at Northwest Natural Holding Co., sold 1,700 shares of common stock for $52.571 per share under a Rule 10b5-1 plan.
Summary
- David A. Weber, the Vice President of Gas Supply at Northwest Natural Holding Co. (NWN), reported a transaction involving the company's common stock.
- On March 23, 2026, Mr. Weber disposed of 1,700 shares of common stock.
- The shares were sold at a price of $52.571 per share.
- The transaction was executed pursuant to a Rule 10b5-1(c) contract, instruction, or written plan, indicating a pre-scheduled sale.
- Following this transaction, Mr. Weber directly owns 149 shares of common stock.
- Additionally, Mr. Weber indirectly holds 2,235.088 shares in the Northwest Natural Gas Company's Deferred Compensation Plan for Directors and Executives.
- He also indirectly holds 21,996.855 shares in the Northwest Natural Retirement K Savings Plan as of March 25, 2026.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event. While an insider sale can sometimes be perceived negatively, the disclosure that it was executed under a Rule 10b5-1 plan mitigates concerns about its implications for the company's immediate prospects.
Negatives
- An insider sale, even if pre-planned, reduces the direct equity stake of a key executive in the company.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance.
Industry Context
StockSavvy.ai notes that insider transactions, particularly those executed under Rule 10b5-1 plans, are common occurrences in the utility sector as executives manage their personal portfolios and compensation. This specific transaction by a VP of Gas Supply at a natural gas utility reflects individual portfolio management rather than a broader industry trend.
Stakeholder Impact
- Shareholders: A minor reduction in direct insider ownership, but the pre-planned nature suggests no immediate negative signal.
Key Dates
| Date | Description |
|---|---|
| 03/23/2026 | Date of transaction where David A. Weber disposed of 1,700 shares of common stock. |
| 03/25/2026 | Date the Form 4 was signed by Molly J. Wilcox, Attorney-in-Fact, and the date for the reported balance in the Retirement K Savings Plan. |
Keywords
Northwest Natural Holding Co, NWN, Insider Trading, Form 4, Stock Sale, Executive Compensation, Rule 10b5-1
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