Northwest Natural Holding Co Files DEF 14A

Ticker: NWN · Form: DEF 14A · Filed: 2024-04-11T00:00:00.000Z

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, Northwest Natural Holding, NWN, Corporate Governance

TL;DR

<b>Northwest Natural Holding Co has filed a DEF 14A proxy statement on April 11, 2024.</b>

AI Summary

Northwest Natural Holding Co (NWN) filed a Proxy Statement (DEF 14A) with the SEC on April 11, 2024. Filing type is DEF 14A, indicating a definitive proxy statement. Company is Northwest Natural Holding Co, SIC code 4924 (Natural Gas Distribution). Fiscal year end is December 31. Filing date is April 11, 2024. SEC file number is 001-38681.

Why It Matters

For investors and stakeholders tracking Northwest Natural Holding Co, this filing contains several important signals. This DEF 14A filing is a standard disclosure for public companies, providing information to shareholders regarding annual meetings, director elections, and executive compensation. As a natural gas distribution company, NWN's filings are crucial for understanding its corporate governance, executive pay structures, and shareholder voting matters.

Risk Assessment

Risk Level: low — Northwest Natural Holding Co shows low risk based on this filing. The filing is a routine DEF 14A, which typically contains standard corporate governance and executive compensation information, posing no immediate new risks.

Analyst Insight

Review the proxy statement for details on executive compensation, director nominations, and any shareholder proposals to inform voting decisions.

Key Numbers

Key Players & Entities

FAQ

When did Northwest Natural Holding Co file this DEF 14A?

Northwest Natural Holding Co filed this Proxy Statement (DEF 14A) with the SEC on April 11, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Northwest Natural Holding Co (NWN).

Where can I read the original DEF 14A filing from Northwest Natural Holding Co?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Northwest Natural Holding Co.

What are the key takeaways from Northwest Natural Holding Co's DEF 14A?

Northwest Natural Holding Co filed this DEF 14A on April 11, 2024. Key takeaways: Filing type is DEF 14A, indicating a definitive proxy statement.. Company is Northwest Natural Holding Co, SIC code 4924 (Natural Gas Distribution).. Fiscal year end is December 31..

Is Northwest Natural Holding Co a risky investment based on this filing?

Based on this DEF 14A, Northwest Natural Holding Co presents a relatively low-risk profile. The filing is a routine DEF 14A, which typically contains standard corporate governance and executive compensation information, posing no immediate new risks.

What should investors do after reading Northwest Natural Holding Co's DEF 14A?

Review the proxy statement for details on executive compensation, director nominations, and any shareholder proposals to inform voting decisions. The overall sentiment from this filing is neutral.

How does Northwest Natural Holding Co compare to its industry peers?

Northwest Natural Holding Co operates in the natural gas distribution industry, providing essential energy services.

Are there regulatory concerns for Northwest Natural Holding Co?

As a regulated utility, the company is subject to oversight from state and federal regulatory bodies concerning its operations and rates.

Industry Context

Northwest Natural Holding Co operates in the natural gas distribution industry, providing essential energy services.

Regulatory Implications

As a regulated utility, the company is subject to oversight from state and federal regulatory bodies concerning its operations and rates.

What Investors Should Do

  1. Review executive compensation packages and any proposed changes.
  2. Examine director nominations and qualifications.
  3. Identify and analyze any shareholder proposals.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure and does not represent a change from previous filings of the same type.

Filing Stats: 4,680 words · 19 min read · ~16 pages · Grade level 12.7 · Accepted 2024-04-11 14:01:17

Filing Documents

Security Ownership of Common Stock of Certain Beneficial Owners

Security Ownership of Common Stock of Certain Beneficial Owners 20 Beneficial Ownership of Common Stock by Directors and Executive Officers 21 Total Ownership of Common Stock by Directors and Executive Officers 23

Executive Compensation

Executive Compensation 24 Report of the Organization and Executive Compensation Committee 24 Compensation Discussion and Analysis 25 Realized Compensation Table 48 Summary Compensation Table 49 CEO Compensation and Employee Compensation 50 Pay Versus Performance 51 Grants of Plan-Based Awards During 2023 56 Outstanding Equity Awards at December 31, 2023 57 Option Exercises and Stock Vested During 2023 58 Pension Benefits as of December 31, 2023 58 Non-Qualified Deferred Compensation in 2023 60 Potential Payments Upon Termination or Change in Control 61 Non-Employee Director Compensation in 2023 64 2023 and 2022 Audit Firm Fees 67 Report of the Audit Committee 68 Proposal 2: Advisory Vote on Executive Compensation 70 Proposal 3: Ratification of Appointment of Independent Registered Public Accountants 72 Other Matters 73 2025 Annual Meeting of Shareholders 74 Company Information 75 Solicitation of Proxies 76 Exhibit A A-1 Exhibit B B-1 Exhibit C C-1 Exhibit D D-1 Exhibit E E-1 Exhibit F F-1 Table of Contents INFORMATION REGARDING 2024 ANNUAL MEETING OF SHAREHOLDERS TO BE HELD MAY 23, 2024 Proxy Statement The Board of Directors of Northwest Natural Holding Company (NW Holdings or the Company) is soliciting the proxies of all holders of NW Holdings common stock who may be unable to attend or who desire to vote by proxy prior to the Annual Meeting of Shareholders to be held on Thursday, May 23, 2024, at 2:00 p.m. Pacific Daylight Time, in a virtual meeting format only, conducted via live webcast at www.virtualshareholdermeeting.com/NWN2024 . We are holding the Annual Meeting in an electronic meeting format to allow all shareholders to participate regardless of their location. This format will allow you to vote your shares and submit questions electronically during the meeting in accordance with the rules of conduct for the meeting. The close of busine

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