Palfreyman Justin 4

What Happened Justin Palfreyman, President & CEO and a director of Northwest Natural Holding Co. (NWN), had 3,909 shares withheld on March 5, 2026 to cover tax withholding related to the vesting of restricted stock units (RSUs). The withholding occurred at $52.53 per share, representing roughly $205,340 in value. The underlying RSU vesting and satisfaction of the performance threshold were reported in a prior Form 4 filed on February 27, 2026.

Key Details

• Transaction date: March 5, 2026; filing date: March 9, 2026 (timely filing).
• Withheld shares: 3,909; withholding price: $52.53; notional value: ~$205,340.
• Transaction code: F — payment of tax liability via share withholding (not an open-market sale).
• Footnote F1: Shares withheld by the issuer to cover withholding taxes on RSU issuance; vesting/performance certification reported 2026-02-27.
• Footnote F2: Shares have been credited to the reporting person’s account under the Northwest Natural Gas Company Deferred Compensation Plan for Directors and Executives.
• Shares owned after the reported transaction: Not specified in this filing.

Context This was a tax-withholding event tied to RSU vesting, not an open-market sale or buy. Such withholdings are routine administrative actions to satisfy tax obligations when equity awards vest and do not by themselves indicate the insider’s market view.