Lee Karen 4

What Happened
Karen Lee, a director of Northwest Natural Holding Co (NWN), was credited with 1,014.422 shares on May 7, 2026 at $50.19 per share, a transaction valued at about $50,914. The shares were acquired under Northwest Natural Gas Company's Deferred Compensation Plan for Directors and Executives rather than via an open-market purchase.

Key Details

• Transaction date: May 7, 2026; Filing date: May 11, 2026 (filed 4 days after the transaction). This appears to be outside the typical two-business-day Form 4 filing window.
• Shares acquired: 1,014.422 at $50.19 each; reported total value ≈ $50,914.
• Shares owned after transaction: not specified in the provided filing.
• Filing notes: Footnote F1 says the transaction resulted from a written election under the company’s Deferred Compensation Plan made on or about June 1, 2021, intended to satisfy the Rule 10b5-1 framework at the time and not subsequently modified. Footnote F2 states the shares were credited to the reporting person's deferred compensation account.
• Transaction coded as a discretionary transaction (code I) on the Form 4.

Context
This was an internal credit under a deferred compensation plan (per the filing), not an open-market buy — such credits reflect plan elections rather than necessarily signaling a new investment decision. The 10b5-1-related note indicates the timing was governed by a prior written election. The apparent late filing may be of interest to compliance-minded investors; it does not change the underlying transaction details.