Karney Joseph S 4

What Happened Joseph S. Karney, Vice President, Engineering & Utility Operations at Northwest Natural Holding Co. (NWN), was issued a total of 2,292 shares on February 25, 2026. The three award entries on the Form 4 (transaction code A) cover 231, 1,471 and 590 shares, all reported at $0.00 per share (awards/grants rather than open-market purchases). The Organization and Executive Compensation Committee certified satisfaction of applicable performance thresholds on the transaction date for the performance-based awards.

Key Details

• Transaction date: 2026-02-25; Form 4 filed 2026-02-27 (filed timely).
• Shares issued: 231 + 1,471 + 590 = 2,292 shares; price reported $0.00 (awards/grants).
• Time-based RSUs: 60 RSUs in total (54 + 6) noted; these RSUs vest on March 1, 2026.
• Performance awards: Includes payouts tied to 2025 performance thresholds and a performance share award covering 2023–2025 (committee-certified).
• Some shares were credited to the Northwest Natural Deferred Compensation Plan and the Northwest Natural Gas Company Retirement K Savings Plan per prior elections.
• Shares owned after the transaction: not specified in the supplied data.

Context These were compensation awards (RSUs/performance shares), not open-market purchases or sales. Awards issued at $0 reflect issuance under the company’s long-term incentive and deferred compensation arrangements; time-based RSUs vest soon (3/1/2026) and some amounts were deferred into executive/director plans, which affects immediate liquidity and tax timing. Awards tied to performance metrics represent realized payouts from multi-year goals rather than a direct signal of personal buying or selling intentions.