Williams Kathryn M 4
Research Summary
AI-generated summary
Northwest Natural VP Kathryn Williams Withholds Shares for Taxes
What Happened
Kathryn M. Williams, VP and Chief PA & Sustainability at Northwest Natural Holding Co (NWN), had company shares withheld on 2026-03-05 to cover tax withholding related to vested awards. Two withholdings were reported: 533 shares withheld at $52.53 each ($27,998) and 849 shares withheld at $52.53 each ($44,598), for a combined 1,382 shares and about $72,596 in value. These were not open-market sales but tax-withholdings tied to vesting of restricted and performance-based shares (transaction code F).
Key Details
- Transaction date: 2026-03-05; Filing date: 2026-03-09 (filed after the transaction; appears later than the typical 2-business-day Form 4 deadline).
- Price used for withholding: $52.53 per share.
- Shares withheld: 533 (RSUs) and 849 (performance shares); total 1,382 shares; total value ≈ $72,596.
- Footnotes: F1 = shares withheld to cover withholding taxes on vested restricted stock units (RSUs); F2 = shares withheld to cover taxes on performance shares. Committee certifications of vesting/payout were reported on Form 4 filed Feb 27, 2026.
- Shares owned after the transaction: not specified in the excerpt of the filing — see the full Form 4 for total holdings.
Context
Withholding shares to cover tax obligations is a routine administrative action tied to award vesting and is not the same as an open-market sale. It generally does not signal insider buying or selling intent. For investors tracking insider activity, purchases are typically more indicative of bullish sentiment than tax-withholding dispositions like this one.