Northwest Natural Holding Co director David Hugo Anderson reported acquiring common stock through equity compensation awards rather than open‑market purchases. He received 8,961 shares upon satisfaction of the 2025 performance threshold under restricted stock unit awards and 17,669 shares from a 2023–2025 performance share award, following certification by the Organization and Executive Compensation Committee on the transaction date. After these grants, he directly holds 64,850 common shares and has an additional 8,886.773 shares credited indirectly under the Northwest Natural Gas Company Deferred Compensation Plan for Directors and Executives.
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.
Northwest Natural Holding Co executive Melinda B. Rogers reported four stock award acquisitions of common stock. On February 25, 2026, she was granted 513 and 196 shares at $0.00 per share as equity compensation held directly.
She also acquired 664 and 1,766 shares indirectly, with amounts credited to her account under the company’s Deferred Compensation Plan for Directors and Executives after performance thresholds and goals for 2025 and 2023–2025 were certified. Her holdings also include 651 time-based restricted stock units that vest on March 1, 2026.
Northwest Natural Holding Company and Northwest Natural Gas Company file a combined annual report describing their regulated utility businesses and corporate structure. NW Holdings operates three main segments: NWN Gas Utility in Oregon and Washington, SiEnergy gas utilities in Texas, and NWN Water’s multi-state water and wastewater operations.
The NWN Gas Utility serves about 810,000 meters, with residential and commercial customers providing most of its margin, and relies on diverse gas supplies, storage at the Mist and North Mist facilities, and regulatory mechanisms in Oregon and Washington. SiEnergy adds roughly 90,000 gas meters in fast-growing Texas markets, while NWN Water serves about 81,000 regulated water and wastewater connections plus 38,000 contract-service connections across five states. The report also highlights long-term renewable natural gas contracts, environmental compliance, and a workforce of 1,619 employees, including a unionized group under a collective bargaining agreement through 2028.
Northwest Natural Holding Company reported strong 2025 results, with net income of $113.3 million and EPS of $2.77, up from $78.9 million and $2.03 in 2024. Adjusted EPS reached a record $2.93 versus $2.33.
The company added about 98,000 gas and water connections for an 11.1% combined growth rate and invested a record $467 million in utility systems. Regulators in Oregon approved a general rate case settlement that increased the revenue requirement by $20.7 million, or 2.0%.
Management initiated 2026 EPS guidance of $2.95–3.15 and targets 4–6% annual EPS growth from 2026–2030, potentially 5–7% with its MX3 gas storage expansion. MX3 is a planned ~$300 million storage project backed by 25‑year contracts at a fixed 12.5% allowed return on equity. The annual dividend was increased for the 70th consecutive year to an indicated $1.97 per share.
Northwest Natural Holding Co director David Hugo Anderson reported movements of company stock tied to the Deferred Compensation Plan for Directors and Executives (DCP). On January 15, 2026, 1,266 shares of common stock were distributed from his DCP account to his brokerage account at $0.00 per share, shifting from indirect to direct ownership pursuant to prior elections made between 2013 and 2017.
On the same date, 546 shares at $46.98 per share were withheld under the DCP to cover tax withholding on the distribution. Following these transactions, Anderson held 38,220 common shares directly and 8,800.689 common shares indirectly credited under the DCP.
Northwest Natural Holding Co’s General Counsel, CCO and Senior Vice President of Regulation reported small stock transactions involving fractional shares. On 12/22/2025, she executed two sale transactions in the company’s common stock, disposing of 0.3365 and 0.787 shares at a price of $46.9 per share. The filing explains that these dispositions were due to the sale of fractional shares in connection with the transfer of whole shares between accounts she directly holds.
Following these transactions, she directly owned 28,458.787 shares of common stock. She also indirectly held 16,004.178 shares credited to her account under Northwest Natural Gas Company’s Deferred Compensation Plan for Directors and Executives and 662.807 shares in the company’s Retirement K Savings Plan as of December 19, 2025.
Northwest Natural Gas Company, a wholly owned subsidiary of Northwest Natural Holding Company, issued and sold $75,000,000 of 5.13% First Mortgage Bonds due 2036 and $125,000,000 of 5.90% First Mortgage Bonds due 2055 to institutional investors in a private transaction relying on Section 4(a)(2) of the Securities Act of 1933.
The bonds were issued under a Twenty-eighth Supplemental Indenture to the company’s long-standing Mortgage and Deed of Trust with Deutsche Bank Trust Company Americas as trustee. Interest on the 5.13% bonds is payable semi-annually each May 1 and November 1 beginning May 1, 2026, and interest on the 5.90% bonds is payable each June 1 and December 1 beginning June 1, 2026. Both series may be redeemed at Northwest Natural’s option, with a make-whole premium for early redemption before specified dates and at par plus accrued interest thereafter.
Northwest Natural Holding Company and its utility subsidiary announced a planned legal leadership transition. General Counsel, Chief Compliance Officer and SVP Regulation MardiLyn Saathoff informed the board she will retire from her roles effective April 1, 2026. To support succession planning, she will serve as Chief Legal Officer and SVP Regulation for both entities starting January 1, 2026 until her retirement.
The board also appointed Megan H. Berge, age 45, as Senior Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary of both companies, effective January 1, 2026. Berge currently serves as Deputy General Counsel and Corporate Secretary at the holding company and Vice President, General Counsel and Corporate Secretary at the utility, and previously was a partner at Baker Botts focused on complex environmental and climate-related matters. A press release announcing the changes is furnished as Exhibit 99.1.
Northwest Natural Holding Co (NWN) director David H. Anderson reported selling 7,468 shares of common stock on 11/17/2025 at a weighted average price of $47.949 per share. The sale is coded as an open-market disposition and was made under a pre-arranged Rule 10b5-1 trading plan that Anderson established on September 16, 2024.
According to the filing, this plan was put in place to allow periodic sales as he transitions into retirement and diversifies his holdings. After the transaction, Anderson beneficially owns 36,954 NWN shares directly and 10,612.689 shares indirectly through a deferred compensation plan.