WILSON BRODY J 4
Research Summary
AI-generated summary
Northwest Natural (NWN) VP Brody J. Wilson Withholds 1,483 Shares for Taxes
What Happened
Brody J. Wilson, VP, Treasurer, Controller & CAO of Northwest Natural Holding Co (NWN), had 1,483 shares withheld by the issuer to cover tax withholding related to stock issuance. The withholding consisted of two dispositions on 2026-03-05: 546 shares at $52.53 each ($28,681) and 937 shares at $52.53 each ($49,221), for a combined value of $77,902. This is a routine tax-withholding event (code F), not an open-market sale motivated by portfolio rebalancing.
Key Details
- Transaction date: March 5, 2026; Form 4 filed March 9, 2026 (timely within the 2-business-day reporting window).
- Prices and amounts: 546 shares @ $52.53 ($28,681) and 937 shares @ $52.53 ($49,221); total 1,483 shares withheld ($77,902).
- Shares owned after transaction: Not disclosed in the provided filing extract.
- Notable footnotes:
- F1/F3 — Shares were withheld by the issuer to cover withholding taxes on issued restricted stock units and performance shares; Organization & Executive Compensation Committee certifications for vesting/payout were reported on Form 4 filed Feb 27, 2026.
- F2 — The reporting includes 2,172 time-based RSUs under the LTIP that vest in two equal installments on Sept 1, 2026 and Sept 1, 2027.
- F4/F5 — Some shares are credited under the company’s deferred compensation and retirement plans (as of Feb 28, 2026).
Context
Tax-withholding dispositions (code F) are routine when restricted stock units or performance shares vest and do not necessarily signal a view on the company’s prospects. The filing indicates the withholding was done by the issuer (a cashless-type settlement for taxes) and the underlying vesting/payout certifications were already reported on Feb 27, 2026.