Form 4: David A. Weber Departs as Officer of NW Natural Holding
Exit Form 4
David A. Weber has ceased to be an officer of Northwest Natural Holding Co for Section 16 reporting purposes.
Summary
- David A. Weber is no longer classified as an officer of Northwest Natural Holding Co under Rule 16a-1 of the Exchange Act.
- The filing serves as an exit notice, meaning the individual is no longer subject to Section 16 reporting requirements for the issuer.
- The individual remains a non-executive officer at the subsidiary level, specifically for Northwest Natural Gas Company.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative update with no material impact on the company's financial outlook or operational trajectory.
Positives
- The filing clarifies the reporting status of a key individual, ensuring regulatory compliance regarding insider trading disclosures.
Negatives
- The departure of an officer from the holding company level may indicate internal restructuring or a change in management oversight.
Risks
- Potential loss of institutional knowledge at the holding company level due to the change in officer status.
Future Outlook
No specific financial guidance or forward-looking statements regarding company performance were provided in this filing.
Management Comments
- The reporting person is no longer an officer of the Issuer within the meaning of Rule 16a-1 of the Exchange Act.
Industry Context
StockSavvy.ai notes that this is a routine administrative filing common in the utility sector, reflecting standard corporate governance adjustments rather than a shift in core business strategy.
Comparison to Industry Standards
- The filing follows standard SEC disclosure protocols for changes in reporting status for Section 16 insiders.
- Consistent with practices at other regulated utility holding companies like Avista or Portland General Electric regarding officer designation.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Officer of the Issuer | David A. Weber | N/A | 05/28/2026 | Change in officer status under Rule 16a-1. |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Reporting Status | Reporting person is no longer subject to Section 16 of the Exchange Act. | 05/28/2026 | Reduces administrative reporting burden for the individual. |
Stakeholder Impact
- Minimal impact on shareholders as the individual remains with the subsidiary.
Next Steps
- The reporting person will no longer file Form 4 or Form 5 reports for Northwest Natural Holding Co.
Key Dates
| Date | Description |
|---|---|
| 05/28/2026 | Date of the earliest transaction/event triggering the change in reporting status. |
| 05/29/2026 | Date the Form 4 was signed and filed. |
Keywords
NWN, Northwest Natural Holding, Form 4, Insider Reporting, Corporate Governance, Management Change
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