Northwest Natural (NWN) director shifts compensation into deferred stock plan

Rhea-AI Filing Summary

Northwest Natural Holding Co director Peter J. Bragdon reported routine equity-related activity linked to a deferred compensation plan. A discretionary transaction under Rule 16b-3(f) credited 1,151.675 shares of common stock at $50.19 per share to his account in the company’s Deferred Compensation Plan for Directors and Executives. Following this, he held 3,490.732 shares indirectly through the plan and 400 shares directly, reflecting compensation deferral rather than an open-market trade.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Bragdon Peter J

Role null

Type	Security	Shares	Price	Value
I	Common Stock	1,151.675	$50.19	$58K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 3,490.732 shares (Indirect, See Footnote); Common Stock — 400 shares (Direct, null)

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 September 22, 2025. Shares have been credited to reporting person's account under Northwest Natural Gas Company's Deferred Compensation Plan for Directors and Executives.

Key Figures

Deferred plan shares credited: 1,151.675 shares Reported share value: $50.19 per share Indirect holdings after transaction: 3,490.732 shares +1 more

4 metrics

Deferred plan shares credited 1,151.675 shares Discretionary transaction under Rule 16b-3(f)

Reported share value $50.19 per share Value used for the deferred compensation stock credit

Indirect holdings after transaction 3,490.732 shares Common stock held indirectly via deferred compensation plan

Direct holdings after transaction 400 shares Common stock held directly by Peter J. Bragdon

Key Terms

Deferred Compensation Plan for Directors and Executives, Rule 16b-3(f), discretionary transaction

3 terms

Deferred Compensation Plan for Directors and Executives financial

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

Rule 16b-3(f) regulatory

"transaction_code_description: Discretionary transaction under Rule 16b-3(f)"

discretionary transaction financial

"transaction_action: discretionary transaction"

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^*

Bragdon Peter J

(Last) (First) (Middle)

250 SW TAYLOR ST

(Street)

PORTLAND OREGON 97204

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/07/2026

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

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

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

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	05/07/2026		I(1)		1,151.675	A	$50.19	3,490.732	I	See Footnote(2)
Common Stock								400	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. 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 September 22, 2025.

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

	Molly J. Wilcox, Attorney-in-Fact	05/11/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did NWN director Peter J. Bragdon report on this Form 4?

Peter J. Bragdon reported a discretionary transaction under Rule 16b-3(f) that credited common shares to his deferred compensation plan account. This reflects compensation deferral into stock rather than an open-market buy or sell, indicating routine executive compensation activity.

How many Northwest Natural (NWN) shares were credited in Bragdon’s deferred compensation transaction?

The transaction credited 1,151.675 shares of Northwest Natural common stock to Bragdon’s deferred compensation plan account. These shares were valued at $50.19 per share for reporting purposes, aligning the equity credit with the plan’s structure instead of a market purchase.

What are Peter J. Bragdon’s reported NWN share holdings after this Form 4 transaction?

After the reported activity, Bragdon held 3,490.732 Northwest Natural common shares indirectly through the deferred compensation plan and 400 shares directly. This mix of indirect and direct holdings shows both compensation-linked equity and a smaller personal share position in his own name.

Was Bragdon’s Northwest Natural (NWN) Form 4 transaction an open-market trade?

The Form 4 describes a discretionary transaction under Rule 16b-3(f) tied to a deferred compensation plan, not an open-market trade. Shares were credited to his plan account based on a prior written election, reflecting compensation deferral rather than buying or selling in the market.

What role does Northwest Natural’s Deferred Compensation Plan play in this Form 4 for NWN?

The Deferred Compensation Plan for Directors and Executives is central to this Form 4. Bragdon’s written election caused his compensation to be credited as common stock in the plan, increasing his indirect holdings and illustrating how director pay can be taken in equity instead of cash.