Former NW Natural CEO Anderson Divests 7,500 Shares in Planned Sale
Rhea-AI Filing Summary
David Hugo Anderson, former CEO of Northwest Natural Holding, reported significant insider trading activity under a pre-established Rule 10b5-1 trading plan. On June 20, 2025, Anderson sold 7,500 shares at a weighted average price of $39.6815 per share.
Following the transaction, Anderson retains 94,791 shares directly and 10,379.467 shares indirectly through the company's Deferred Compensation Plan. The sale was part of a planned diversification strategy following Anderson's retirement as CEO on April 1, 2025.
Key context:
- The trading plan was established on September 16, 2024, while Anderson held more than 8x his annual salary in company stock
- 47,333 shares remain outside the trading arrangement, including 10,379 in the Deferred Compensation Plan and 36,954 in his trust
- Transaction executed through multiple trades ranging from $39.475 to $39.91 per share
Positive
- None.
Negative
- Former CEO David Anderson sold 7,500 shares worth approximately $297,611 through a 10b5-1 plan, though retains significant holdings of 94,791 direct shares and 10,379 indirect shares
Insider Trade Summary
Net Seller: 7,500 shares
Net Sell
2 txns
Insider
ANDERSON DAVID HUGO
Role
Director
Sold
7,500 shs ($298K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,500 | $39.6815 | $298K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 94,791 shares (Direct);
Common Stock — 10,379.467 shares (Indirect, See Footnote)
Footnotes (3)
- F1. Transaction made pursuant to a Rule 10b5-1 trading plan established by the reporting person on September 16, 2024. As previously disclosed, Mr. Anderson retired from his position as CEO of NW Holdings and NW Natural, effective April 1, 2025. At the time the 10b5-1 Plan was established, Mr. Anderson held more than 8 times his annual salary in NW Holdings' stock; an amount greater than required by the NW Holdings' stock ownership requirements. This trading arrangement allows Mr. Anderson to periodically sell a portion of his NW Holdings common stock to diversify his holdings in connection with his retirement. As of the date of this filing, Mr. Anderson holds the following shares that are not subject to his trading arrangement: 47,333 shares of which 10,379 are held in Northwest Natural Gas Company's Deferred Compensation Plan for Directors and Officers and 36,954 are held in his trust.
- F2. This transaction was executed in multiple trades on reported date with prices ranging from $39.475 to $39.91, resulting in a weighted average price of $39.6815. Northwest Natural Holding Company (Issuer) will provide upon request by the Commission staff or a security holder of the Issuer full information regarding the number of shares sold at each separate price.
- F3. Shares have been credited to reporting person's account under Northwest Natural Gas Company's Deferred Compensation Plan for Directors and Executives.
AI-generated analysis. How Rhea-AI works. Not financial advice.
