Form 4: NW Natural VP Weber Boosts Stake with Performance Awards

Sentiment:

Insider Transaction Report 27 February 2026 4:46 PM

📋All filings for Northwest Natural Holding CO

Northwest Natural Holding Co.'s VP of Gas Supply, David A. Weber, increased his beneficial ownership by 3,066 shares through the satisfaction of performance-based restricted stock unit and performance share awards.

Summary

David A. Weber, VP, Gas Supply at Northwest Natural Holding Co. (NWN), acquired 3,066 shares of common stock.
The acquisitions occurred on February 25, 2026, and were reported on February 27, 2026.
1,104 shares were issued due to the satisfaction of the 2025 performance threshold for restricted stock unit awards.
An additional 1,962 shares were issued as a result of meeting performance goals for 2023-2025 under a performance share award.
Both awards were certified by the Organization and Executive Compensation Committee on the transaction date.
Following these transactions, Mr. Weber directly owns 3,332.604 shares and indirectly owns 2,235.088 shares through a Deferred Compensation Plan and 21,877.61 shares through a Retirement K Savings Plan.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive signal, indicating that an executive has met performance targets and increased their stake in the company, which generally aligns management interests with shareholders.

Positives

David A. Weber, a key executive, increased his direct beneficial ownership in Northwest Natural Holding Co. by 3,066 shares.
The acquisition of shares resulted from the satisfaction of performance thresholds for restricted stock unit awards for 2025 and performance goals for performance share awards for 2023-2025, indicating successful achievement of company objectives.

Future Outlook

Industry Context

StockSavvy.ai notes that performance-based equity awards are a common component of executive compensation packages across the utility sector, aligning management incentives with long-term shareholder value creation. This particular filing reflects a routine vesting event rather than a discretionary open-market transaction.

Corporate Governance

Change Type	Description	Effective Date	Impact Assessment
Delegation of Authority	David A. Weber granted a Power of Attorney to several individuals, including Molly J. Wilcox, to execute and file SEC Forms 3, 4, and 5 on his behalf, and to manage his EDGAR account. This streamlines compliance with Section 16(a) of the Exchange Act.	2025-08-06	Enhances efficiency and ensures timely compliance with SEC reporting requirements for insider transactions, reducing administrative burden on the executive.

Stakeholder Impact

Shareholders: Potentially positive, as it indicates management's performance goals were met and increases executive alignment with shareholder interests through increased equity ownership.

Key Dates

Date	Description
2025-08-06	Execution date of the Power of Attorney granted by David Weber to his attorneys-in-fact for SEC filings.
2026-02-13	Date as of which shares were held in the reporting person's Retirement K Savings Plan account.
2026-02-25	Transaction date for the acquisition of 1,104 shares from restricted stock unit awards and 1,962 shares from performance share awards.
2026-02-27	Date the Form 4 was signed and filed.

Recommendation

hold

This Form 4 reports a routine executive compensation event where shares were acquired due to the satisfaction of performance targets. It does not provide new information about the company's operational or financial performance that would warrant a change in investment recommendation. It primarily reflects an expected outcome of existing compensation plans and a minor increase in insider ownership, which is generally a neutral to slightly positive signal for long-term alignment.

Keywords

Northwest Natural Holding Co., NWN, David A. Weber, Insider transaction, Form 4, Executive compensation, Restricted stock units, Performance shares, Stock awards, Beneficial ownership

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