Northwest Natural (NWN) VP uses share withholding to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Northwest Natural Holding Co executive Brody J. Wilson, VP, Treasurer, Controller and CAO, reported share transactions related to equity awards. On March 5, 2026, a total of 1,483 shares of common stock were withheld by the issuer at $52.53 per share to cover withholding taxes on vested restricted stock units and performance shares, a tax-withholding disposition rather than an open-market sale. Separate entries show indirect holdings of 7,041.454 and 209.291 common shares credited to Wilson’s accounts under the company’s deferred compensation and retirement savings plans, alongside time-based restricted stock units that vest in equal installments on September 1, 2026 and September 1, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
WILSON BRODY J
Role
VP, Treas, Controller & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 546 | $52.53 | $29K |
| Tax Withholding | Common Stock | 937 | $52.53 | $49K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 14,884 shares (Direct);
Common Stock — 7,041.454 shares (Indirect, See Footnote)
Footnotes (1)
- Shares were withheld by the issuer to cover withholding taxes on issuance of shares due to vesting of restricted stock units. Organization and Executive Compensation Committee certification of satisfaction of the performance threshold and vesting for these restricted stock units was reported on Form 4 filed on February 27, 2026. Includes 2,172 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 September 1, 2026 and 2027. Shares were withheld by the issuer to cover withholding taxes on issuance of performance shares. Organization and Executive Compensation Committee certification of the payout of these performance shares was reported on Form 4 filed on February 27, 2026. Shares have been credited to the reporting persons account under the Northwest Natural Gas Company Deferred Compensation Plan for Directors and Executives. Shares held in the reporting persons account under the Northwest Natural Retirement K Savings Plan as of February 28, 2026.
FAQ
What insider transaction did NWN executive Brody J. Wilson report?
Brody J. Wilson reported a tax-related share disposition, not an open-market sale. On March 5, 2026, 1,483 Northwest Natural common shares were withheld by the issuer at $52.53 per share to satisfy withholding taxes tied to vesting restricted stock units and performance shares.
Are Brody J. Wilson’s Form 4 transactions in NWN open-market sales?
The reported transactions are tax-withholding dispositions, not open-market sales. Shares were withheld by Northwest Natural to cover withholding taxes when restricted stock units and performance shares vested or were issued, as described in the footnotes referencing prior compensation committee certifications.
What indirect Northwest Natural holdings does Wilson report on this Form 4?
Wilson reports indirect ownership of common shares through company plans. The filing shows 7,041.454 shares credited under the Northwest Natural Gas Company Deferred Compensation Plan and 209.291 shares held in his Northwest Natural Retirement K Savings Plan account as of February 28, 2026, reflecting plan-based holdings.
What future vesting restricted stock units does Wilson hold in NWN?
Wilson’s indirect holdings include 2,172 time-based restricted stock units. These units were granted under Northwest Natural’s Long Term Incentive Plan and are scheduled to vest in two equal installments, with vesting dates on September 1, 2026 and September 1, 2027, subject to applicable plan terms.
How did prior compensation committee actions relate to this NWN Form 4?
The filing notes earlier compensation committee certifications. It references a February 27, 2026 Form 4 that reported certification of performance thresholds and payouts for restricted stock units and performance shares, while the current transactions reflect issuer share withholding to satisfy related tax obligations upon issuance or vesting.