SEC Form 4 · accession 0001567619-19-006460
Northwest Natural Holding Co · NWN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
MardiLyn Saathoff
Officer — SVP & General Counsel
Period of report
Mar 6, 2019
Accepted (ET)
Mar 8, 2019 · 2:23 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001733998
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Mar 6, 2019 | F | 556 | $64.21 | D | 10,505 | D | |
| Common StockF3,F2 | Mar 6, 2019 | F | 881 | $64.21 | D | 9,624 | D | |
| Common StockF4 | holding | — | — | — | 7,073 | I | See Footnote | |
| Common StockF5 | holding | — | — | — | 1,216 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares were withheld by the issuer to cover withholding taxes on issuance of shares due to vesting of 1,215 restricted stock units (RSUs) with performance threshold, and vesting of 775 time-based RSUs. Organization and Executive Compensation Committee certification of satisfaction of the performance threshold and vesting for these restricted stock units was reported on Form 4 filed on February 28, 2019. The 775 time-based RSUs are part of 3,100 time-based RSUs that have been reported as shares beneficially owned by the reporting person since initially reported on the reporting person's Form 4 on July 29, 2016.
- F2Includes 2,325 time-based restricted stock units (RSUs) granted under issuer's Long Term Incentive Plan. The 2,325 RSUs vest in two installments: 775 shares on March 1, 2020, and 1,550 shares on March 1, 2021.
- F3Shares were withheld by issuer to cover withholding taxes on issuance of performance shares. Organization and Executive Compensation Committee certification of the payout of these performance shares was reported on Form 4 filed on February 28, 2019.
- F4Shares have been credited to reporting person's account under the issuer's Deferred Compensation Plan for Directors and Executives.
- F5Shares held in reporting person's account under Northwest Natural Gas Company's Retirement K Savings Plan as of February 28, 2019.