Northwest Natural Holding Company (NWN) has filed a Form 144 indicating that shareholder David H. Anderson plans to sell up to 42,869 common shares through broker Charles Schwab on or about 07/21/2025 on the NYSE. At the most recent market price referenced by the filing, the proposed sale is valued at $1.85 million. The company lists 40,309,760 shares outstanding, so the planned disposition represents roughly 0.1 % of shares outstanding.
The filer also disclosed prior sales over the last three months totaling 15,091 shares for gross proceeds of $608,786 (7,591 shares on 05/21/25 for $311,175 and 7,500 shares on 06/20/25 for $297,611). Acquisition data show the shares were originally obtained on 08/15/2005 via “various methods & dates.” No relationship to the issuer is specified, and no adverse information about NWN’s operations is claimed by the seller as required under Rule 144.
The notice alerts investors to a moderate insider-level sale but does not itself signal operational or financial changes at NWN.
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