Northwest Natural (NWN) VP granted 368 performance-based shares in Form 4

Rhea-AI Filing Summary

Northwest Natural Holding Co executive Brian Fellon, VP, CIO & CISO, reported an acquisition of 368 shares of common stock on February 25, 2026. The shares were issued at $0.00 per share as a grant/award, bringing his directly held total to 1,747 shares.

According to the footnotes, these shares became issuable when a 2025 performance threshold was certified as satisfied under restricted stock unit awards by the Organization and Executive Compensation Committee on the transaction date. The filing also notes 1,020 time-based restricted stock units that vest in two equal installments on October 1, 2026 and October 1, 2027.

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

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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^*

Fellon Brian

(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)

	Director		10% Owner
X	Officer (give title below)	X	Other (specify below)
	VP, CIO & CISO		NW Natural

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

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	02/25/2026		A		368(1)	A	$0.00	1,747(2)	D

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. Shares are issuable as a result of satisfaction of the performance threshold for 2025 under restricted stock unit awards. Organization and Executive Compensation Committee certification of the satisfaction of the performance threshold occurred on the transaction date.

2. Includes 1,020 time-based restricted stock units granted under the Long Term Incentive Plan of the Issuer. The restricted stock units vest in two equal installments on each of October 1, 2026 and 2027.

	Molly J. Wilcox, Attorney-in-Fact	02/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did Northwest Natural (NWN) report for Brian Fellon?

Northwest Natural reported that executive Brian Fellon acquired 368 common shares through a grant or award. These shares were issued at $0.00 per share following satisfaction of a 2025 performance threshold certified on February 25, 2026.

How many Northwest Natural (NWN) shares does Brian Fellon hold after this Form 4?

After the reported transaction, Brian Fellon directly holds 1,747 shares of Northwest Natural common stock. This total reflects the addition of 368 shares granted following certification that a 2025 performance threshold under restricted stock unit awards was satisfied.

What triggered the 368-share award reported in Northwest Natural (NWN) Form 4?

The 368-share award was triggered by meeting a 2025 performance threshold under restricted stock unit awards. Northwest Natural’s Organization and Executive Compensation Committee certified satisfaction of this threshold on February 25, 2026, making the shares issuable to Brian Fellon at that time.

What does the Form 4 say about Brian Fellon’s Northwest Natural (NWN) restricted stock units?

The Form 4 notes that Brian Fellon holds 1,020 time-based restricted stock units granted under Northwest Natural’s Long Term Incentive Plan. These restricted stock units vest in two equal installments on October 1, 2026 and October 1, 2027, subject to continued conditions.

Was Brian Fellon’s Northwest Natural (NWN) share acquisition a market purchase?

No. The acquisition of 368 Northwest Natural shares was classified as a grant, award, or other acquisition at $0.00 per share. It resulted from satisfaction of a performance threshold rather than an open-market purchase of common stock.

What role does Brian Fellon hold at Northwest Natural (NWN) in this Form 4 filing?

In this Form 4 filing, Brian Fellon is identified as an officer of Northwest Natural, serving as Vice President, Chief Information Officer and Chief Information Security Officer. The reported transaction reflects equity compensation tied to his executive role at the company.