Deferred plan credits stock units for Northwest Natural (NWN) director Karen Lee

Rhea-AI Filing Summary

Northwest Natural Holding Co director Karen Lee reported a discretionary Form 4 transaction tied to a deferred compensation plan. On this date, 971.648 shares of common stock at $52.59 per share were credited to her account under Northwest Natural Gas Company's Deferred Compensation Plan for Directors and Executives, resulting in 21,695.617 shares of indirect ownership after the transaction.

The filing explains that this written election was made on or about June 1, 2021 and was intended to satisfy then-current Rule 10b5-1, and it has not been entered into, modified, or terminated since that original election date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Lee Karen

Role Director

Type	Security	Shares	Price	Value
I	Common Stock	971.648	$52.59	$51K

Holdings After Transaction: Common Stock — 21,695.617 shares (Indirect, See Footnote)

Footnotes (1)

1. The reporting transaction was effected pursuant to a written election under Northwest Natural Gas Company's Deferred Compensation Plan for Directors and Executives made on or about June 1, 2021. At the time made, the election was intended to satisfy the then-current Rule 10b5-1. The election has not been entered into, modified or terminated since the original election date. Shares have been credit to reporting person's account under Northwest Natural Gas Company's Deferred Compensation Plan for Directors and Executives.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lee Karen

(Last) (First) (Middle)

250 SW TAYLOR ST

(Street)

PORTLAND OR 97204

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Northwest Natural Holding Co [ NWN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/02/2026		I(1)		971.648	A	$52.59	21,695.617	I	See Footnote(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The reporting transaction was effected pursuant to a written election under Northwest Natural Gas Company's Deferred Compensation Plan for Directors and Executives made on or about June 1, 2021. At the time made, the election was intended to satisfy the then-current Rule 10b5-1. The election has not been entered into, modified or terminated since the original election date.

2. Shares have been credit to reporting person's account under Northwest Natural Gas Company's Deferred Compensation Plan for Directors and Executives.

	Molly J. Wilcox, Attorney-in-Fact	03/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Northwest Natural (NWN) report for Karen Lee?

Northwest Natural reported a Form 4 for director Karen Lee showing a discretionary transaction crediting 971.648 common shares at $52.59 each under a deferred compensation plan, increasing her indirect holdings to 21,695.617 shares after the transaction.

Was the Northwest Natural (NWN) Form 4 transaction a normal buy or sell?

The Form 4 does not show a standard open-market buy or sell. It records a discretionary transaction under Rule 16b-3(f), where shares were credited to Karen Lee’s deferred compensation plan account based on a prior written election.

How many Northwest Natural (NWN) shares were credited in the deferred plan?

The filing shows 971.648 Northwest Natural common shares were credited at $52.59 per share. These shares were added to Karen Lee’s account under the company’s Deferred Compensation Plan for Directors and Executives.

What is Karen Lee’s total Northwest Natural (NWN) ownership after this Form 4?

After the reported discretionary transaction, Karen Lee’s indirect ownership totals 21,695.617 Northwest Natural common shares. The holdings are credited to her account within the company’s Deferred Compensation Plan for Directors and Executives.

Was the Northwest Natural (NWN) deferred compensation election recently changed?

The filing states the written election underlying this transaction was made on or about June 1, 2021 to satisfy then-current Rule 10b5-1 and has not been entered into, modified, or terminated since that original election date.