Weber David A. 4
Research Summary
AI-generated summary
Northwest Natural (NWN) VP David Weber Receives 3,066-Share Award
What Happened David A. Weber, Vice President, Gas Supply at Northwest Natural Holding Co. (NWN), was credited with a total of 3,066 shares on February 25, 2026 via equity awards (code A). The filings show two issuances: 1,104 shares (RSU tied to 2025 performance) and 1,962 shares (performance-share payout for 2023–2025). No cash was paid for these shares (price listed as $0.00) — they were issued based on satisfaction and committee certification of performance goals.
Key Details
- Transaction date: February 25, 2026 (reported on Form 4 filed Feb 27, 2026).
- Grants: 1,104 shares (RSU; F1) and 1,962 shares (performance shares; F2) — total 3,066 shares; price shown $0.00 (award issuance).
- Shares owned after transaction: not disclosed in the provided excerpts.
- Footnotes: F1 = RSUs issued after 2025 performance threshold certified; F2 = performance-share payout for 2023–2025 certified; F3 = shares credited under the Northwest Natural Gas Co. Deferred Compensation Plan for Directors and Executives; F4 = shares held in the Northwest Natural Gas Co. Retirement K Savings Plan as of Feb 13, 2026.
- Timeliness: Form filed two days after the transaction date (appears timely under the two-business-day Form 4 rule).
Context These were compensation awards (restricted stock units and performance shares) that vested/paid out after the company’s Organization and Executive Compensation Committee certified performance results. Awards like these are routine elements of executive compensation and are not open-market purchases or sales — they reflect payout of previously granted equity tied to performance, not a directional trading signal.