Companies Northwest Natural Holding Co
Northwest Natural (NWN): executive pay, fiscal 2025
Free brief. Every figure links to the company’s own filing.
Velarion Intel: free for 3 days, no card →Email me Northwest Natural Holding Co’s executive pay brief as a PDF
You get it on this page the moment you ask, and a copy by email. Every figure is cited to its filing.
After the PDF, up to three short notes on the deeper reports for this company. Reply “unsubscribe” to any of them, any time.
CEO pay, last three years
- $1,367,060FY2023
- $2,030,537FY2024
- $3,695,467FY2025
CEO total pay was $3,695,467 in fiscal 2025, up from $2,030,537 in fiscal 2024.
FY2025: salary $812,500 · bonus $333,594 · stock awards $1,726,208 · option awards $0
Executives and directors
Raymond Kaszuba · CFOKimberly Rush · PresidentMardiLyn Saathoff · General CounselMegan Berge · General CounselDavid Anderson · CEOCharles A. Wilhoite · Independent DirectorHon. Dave McCurdy · Independent DirectorJane L. Peverett · Independent DirectorKaren Lee · Former director (through FY2025)Kenneth Thrasher · Independent DirectorMalia H. Wasson · Independent DirectorMary E. Ludford · Independent DirectorMonica Enand · Independent DirectorNathan I. Partain · Independent DirectorPeter J. Bragdon · Independent DirectorSandra McDonough · Independent DirectorTimothy P. Boyle · Independent Director
Frequently asked questions
Who was the highest-paid executive at Northwest Natural Holding Co in fiscal 2025?
As disclosed, Justin Palfreyman (President and Chief Executive Officer, NW Holdings; Chief Executive Officer, NW Natural) was the highest-paid executive at Northwest Natural Holding Co in fiscal 2025, with total compensation of $3,695,467.
What is Northwest Natural Holding Co's CEO-to-median employee pay ratio?
As disclosed, Northwest Natural Holding Co's CEO-to-median employee pay ratio was 28:1.
How did shareholders vote on Northwest Natural Holding Co's executive compensation?
As disclosed, 97.14% of shareholders supported Northwest Natural Holding Co's executive compensation in the latest say-on-pay vote.
How much does Northwest Natural Holding Co spend in total on board compensation for fiscal 2025?
As disclosed, Northwest Natural Holding Co reported total board compensation of $2,669,800 for fiscal 2025.
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Justin Palfreyman | $812,500 | $333,594 | $1,726,208 | $0 | $726,406 | $275 | $96,484 | $3,695,467 |
| President and Chief Executive Officer, NW Holdings; Chief Executive Officer, NW Natural | ||||||||
| Kimberly Rush | 506,667 | 115,440 | 456,980 | 0 | 243,560 | 485,045 | 45,965 | 1,853,657 |
| President, NW Natural | ||||||||
| Raymond Kaszuba | 542,500 | 160,927 | 583,858 | 0 | 311,073 | 0 | 47,740 | 1,646,098 |
| Senior Vice President and Chief Financial Officer | ||||||||
| MardiLyn Saathoff | 483,833 | 104,785 | 507,637 | 0 | 231,215 | 1,254 | 100,889 | 1,429,613 |
| General Counsel, Chief Compliance Officer, and SVP Regulation, NW Holdings | ||||||||
| Megan Berge | 341,667 | 185,542 | 613,013 | — | 129,458 | — | 29,517 | 1,299,197 |
| Deputy General Counsel and Corporate Secretary, NW Holdings | ||||||||
| Megan Deputy | 341,667 | 185,542 | 613,013 | 0 | 129,458 | 0 | 29,517 | 1,299,197 |
| General Counsel and Corporate Secretary, NW Holdings | ||||||||
| David Anderson | 230,833 | 73,635 | 0 | 0 | 185,365 | 680 | 85,262 | 575,775 |
| Former Chief Executive Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Justin Palfreyman | $3,695,467 | $2,030,537 | $1,367,060 | ↑ +1,664,930 |
| Kimberly Rush | 1,853,657 | 1,386,528 | 1,418,643 | ↑ +467,129 |
| Raymond Kaszuba | 1,646,098 | 910,145 | — | ↑ +735,953 |
| MardiLyn Saathoff | 1,429,613 | 1,326,724 | 1,240,752 | ↑ +102,889 |
| Megan Berge | 1,299,197 | — | — | — |
| Megan Deputy | 1,299,197 | — | — | — |
| David Anderson | 575,775 | 4,137,585 | 3,537,654 | ↓ −3,561,810 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
The OECC designs executive compensation programs to attract and retain talented executives with competitive total remuneration, motivate high performance by linking a significant portion of pay directly to Company performance, and align executives' interests with shareholders through meaningful stock ownership and performance-based compensation. The program balances short- and long-term incentive measures to pay for desired results while motivating appropriate risk-taking and disincentivizing inappropriate risk.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Pay Governance |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Kimberly Rush | PSU | 2025-02-26 | 2,210 | 7,365 | — | 14,730 | $291,359 |
| Justin Palfreyman | PSU | 2025-02-26 | 8,346 | 27,820 | — | 55,640 | 1,100,559 |
| Justin Palfreyman | PSU | 2025-02-26 | — | 14,982 | — | — | 625,648 |
| Raymond Kaszuba | PSU | 2025-02-26 | 2,823 | 9,410 | — | 18,820 | 372,260 |
| Kimberly Rush | PSU | 2025-02-26 | — | 3,966 | — | — | 165,620 |
| Megan Berge | PSU | — | 1,719 | 5,730 | — | 11,460 | 226,679 |
| Megan Berge | PSU | 2025-03-01 | — | 6,297 | — | — | 257,421 |
| MardiLyn Saathoff | PSU | 2025-02-26 | — | 4,407 | — | — | 184,036 |
| Raymond Kaszuba | PSU | 2025-02-26 | — | 5,067 | — | — | 211,598 |
| MardiLyn Saathoff | PSU | 2025-02-26 | 2,454 | 8,180 | — | 16,360 | 323,601 |
| Megan Berge | PSU | 2025-02-26 | — | 3,087 | — | — | 128,913 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Kimberly Rush | $0 | $456,979 | $0 | 100.0% |
| Justin Palfreyman | 0 | 1,726,207 | 0 | 100.0% |
| Raymond Kaszuba | 0 | 583,858 | 0 | 100.0% |
| Megan Berge | 0 | 613,013 | 0 | 100.0% |
| MardiLyn Saathoff | 0 | 507,637 | 0 | 100.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Justin Palfreyman | RSU | 639 | — | $29,867 |
| Justin Palfreyman | RSU | 708 | — | 33,092 |
| Justin Palfreyman | PSU | 708 | — | 33,092 |
| Kimberly Rush | RSU | 708 | — | 33,092 |
| Kimberly Rush | PSU | 708 | — | 33,092 |
| MardiLyn Saathoff | RSU | 730 | — | 34,120 |
| Kimberly Rush | RSU | 730 | — | 34,120 |
| MardiLyn Saathoff | RSU | 884 | — | 41,318 |
| MardiLyn Saathoff | PSU | 884 | — | 41,318 |
| Kimberly Rush | RSU | 917 | — | 42,861 |
| Megan Berge | RSU | 1,029 | — | 48,091 |
| MardiLyn Saathoff | RSU | 1,146 | — | 53,564 |
| Kimberly Rush | RSU | 1,322 | — | 61,784 |
| MardiLyn Saathoff | RSU | 1,469 | — | 68,654 |
| Raymond Kaszuba | RSU | 1,689 | — | 78,936 |
| Justin Palfreyman | RSU | 1,718 | — | 80,299 |
| Kimberly Rush | PSU | 1,834 | — | 85,721 |
| Megan Berge | PSU | 2,058 | — | 96,191 |
| MardiLyn Saathoff | PSU | 2,292 | — | 107,128 |
| David Anderson | RSU | 2,644 | — | 123,581 |
| Kimberly Rush | PSU | 2,644 | — | 123,581 |
| David Anderson | RSU | 2,652 | — | 123,954 |
| David Anderson | PSU | 2,652 | — | 123,954 |
| MardiLyn Saathoff | PSU | 2,938 | — | 137,323 |
| Raymond Kaszuba | PSU | 3,378 | — | 157,889 |
| Justin Palfreyman | PSU | 3,436 | — | 160,599 |
| David Anderson | RSU | 3,665 | — | 171,302 |
| Justin Palfreyman | RSU | 4,994 | — | 233,396 |
| Raymond Kaszuba | PSU | 5,210 | — | 243,528 |
| Megan Berge | PSU | 6,297 | — | 294,322 |
| David Anderson | PSU | 7,330 | — | 342,604 |
| Justin Palfreyman | PSU | 9,988 | — | 466,841 |
| Megan Berge | PSU | 11,460 | — | 535,640 |
| Raymond Kaszuba | PSU | 18,920 | — | 879,647 |
| David Anderson | PSU | 22,706 | — | 1,061,278 |
| Kimberly Rush | PSU | 28,340 | — | 1,324,612 |
| MardiLyn Saathoff | PSU | 33,380 | — | 1,560,181 |
| Justin Palfreyman | PSU | 81,960 | — | 3,793,418 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Malia H. WassonIndependent · Board Chair · Audit (1) · Organization and Executive Compensation · Governance | $337,650 | — | — | — | — | $337,666 |
| Jane L. PeverettIndependent · Audit (1) (Chair) · Organization and Executive Compensation · Governance | 257,650 | — | — | — | — | 257,650 |
| Nathan I. PartainIndependent · Organization and Executive Compensation (Chair) · Governance · Finance | 255,150 | — | — | — | — | 255,150 |
| Charles A. WilhoiteIndependent · Audit (1) · Organization and Executive Compensation · Governance (Chair) | 252,500 | — | — | — | — | 252,500 |
| Sandra McDonoughIndependent · Audit (1) · Governance · Public Affairs and Environmental Policy (Chair) | 250,150 | — | — | — | — | 250,176 |
| Monica EnandIndependent · Governance · Finance (Chair) · Public Affairs and Environmental Policy | 247,650 | — | — | — | — | 248,833 |
| Mary E. LudfordIndependent · Audit (1) · Finance | 227,650 | — | — | — | — | 227,674 |
| Karen LeeIndependent · Finance · Public Affairs and Environmental Policy · Not standing for re-election | 225,150 | — | — | — | — | 225,197 |
| David H. AndersonIndependent · Finance · Public Affairs and Environmental Policy | 165,000 | — | — | — | — | 165,680 |
| Kenneth ThrasherIndependent · Departed during FY | 115,000 | — | — | — | — | 115,000 |
| Peter J. BragdonIndependent · Organization and Executive Compensation · Public Affairs and Environmental Policy · Partial-year service · Newly elected | 113,750 | — | — | — | — | 113,798 |
| Hon. Dave McCurdyIndependent · Departed during FY | 113,750 | — | — | — | — | 113,754 |
| Timothy P. BoyleIndependent · Departed during FY | 108,750 | — | — | — | — | 108,750 |
Board fee structure and ownership guideline
| Annual cash retainer | $189,000 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | $1,350 |
| Committee chair fees (audit / comp / nom-gov) | 18,000 / 18,000 / 13,500 |
| Stock ownership guideline | $450,000 |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $2,669,800 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $0 |
| Total cost of the board | $2,669,800 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Northwest Natural as a peer
Companies that benchmark against NWN
12 companies name NWN as a compensation peer
The list of companies that name NWN as a peer is temporarily unavailable — recheck shortly.
Disclosed peer group — fiscal year 2025
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
NWE Northwestern CorporationOGS ONE Gas, Inc.ATO Atmos Energy CorporationMGEE MGE Energy, Inc.AVA Avista CorporationNJR New Jersey Resources CorporationUTL Unitil CorporationBKH Black Hills CorporationSR Spire Inc.SWX Southwest Gas Holdings, Inc.ATO Atmos Energy CorporationMGEE MGE Energy, Inc.NWE Northwestern CorporationSR Spire Inc.AVA Avista CorporationNJR New Jersey Resources CorporationOG ONE Gas, Inc.UTL Unitil CorporationBKH Black Hills CorporationNI NiSource Inc.SWX Southwest Gas Holdings, Inc.AWR American States Water CompanyTXNM TXNM Energy, Inc.WTRG Essential Utilities, Inc.PGE Portland General Electric CompanyIDA IDACORP, Inc.H2O H20 America (formerly, SJW Group)CWT California Water Service GroupCPU Chesapeake Utilities CorporationCWEN Clearway Energy, Inc.OTTR Otter Tail CorporationNI NiSource Inc.
Peer reciprocity
The companies Northwest Natural Holding Co names as compensation peers that name it back in their own disclosed peer groups.
Northwestern Corporation (NWE)75ONE Gas, Inc. (OGS)76MGE Energy, Inc. (MGEE)77Unitil Corporation (UTL)78Black Hills Corporation (BKH)79American States Water Company (AWR)80IDACORP, Inc. (IDA)81California Water Service Group (CWT)82Otter Tail Corporation (OTTR)83
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | NiSource Inc. | 2025 | Lloyd Yates | $1,191,667 | $9,619,864 | $0 | $2,261,784 | $13,197,800 |
| 2 | Southwest Gas Holdings, Inc. | 2025 | Karen Haller | 1,090,685 | 5,776,085 | 0 | 1,861,200 | 10,029,409 |
| 3 | Atmos Energy Corporation | 2025 | J. Kevin Akers | 1,147,802 | 5,179,057 | 0 | 2,100,572 | 9,953,274 |
| 4 | Essential Utilities, Inc. | 2025 | Christopher Franklin | 1,103,931 | 3,366,470 | 652,838 | 2,218,607 | 9,212,815 |
| 5 | Idacorp, Inc. | 2025 | Lisa Grow | 1,050,000 | 2,942,308 | 0 | 1,785,001 | 7,529,892 |
| 6 | California Water Service Group | 2025 | Martin Kropelnicki | 1,080,688 | 1,950,119 | 0 | 1,524,915 | 6,875,256 |
| 7 | Otter Tail Corporation | 2025 | Charles MacFarlane | 867,578 | 3,149,276 | 0 | 1,471,194 | 6,792,688 |
| 8 | New Jersey Resources Corporation | 2025 | Stephen Westhoven | 1,002,737 | 3,514,633 | 0 | 1,398,286 | 6,433,253 |
| 9 | Black Hills Corporation | 2025 | Linden Evans | 995,594 | 2,966,688 | 0 | 1,294,886 | 5,991,759 |
| 10 | ONE Gas, Inc. | 2025 | Robert McAnnally | 925,000 | 3,154,361 | 0 | 1,300,000 | 5,575,027 |
| 11 | Spire Inc. | 2025 | Steven Lindsey | 497,308 | 1,873,940 | 0 | 0 | 5,066,799 |
| 12 | American States Water Company | 2025 | Robert Sprowls | 974,327 | 1,991,967 | 0 | 892,125 | 5,028,665 |
| 13 | Northwestern Corporation | 2025 | Brian Bird | 921,263 | 2,700,022 | 0 | 743,400 | 5,016,745 |
| 14 | Avista Corporation | 2025 | Heather Rosentrater | 786,845 | 2,653,743 | 0 | 897,732 | 4,773,308 |
| 15 | Txnm Energy, Inc. | 2025 | Joseph Tarry | 839,462 | 2,275,011 | 0 | 495,058 | 3,903,948 |
| 16 | Northwest Natural Holding Co | 2025 | Justin Palfreyman | 812,500 | 1,726,208 | 0 | 726,406 | 3,695,467 |
| 17 | MGE Energy, Inc. | 2025 | Jeffrey Keebler | 795,833 | 1,402,881 | 0 | 865,920 | 3,613,508 |
| 18 | Unitil Corporation | 2025 | Thomas Meissner Jr. | 744,066 | 751,842 | 0 | 662,591 | 3,189,116 |
| 19 | Clearway Energy, Inc. | 2025 | Craig Cornelius | 0 | 2,899,181 | 0 | 0 | 2,899,181 |
| — | ONE Gas, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Portland General Electric Company | — | — | — | — | — | — | not in coverage universe |
| — | H20 America (formerly, SJW Group) | — | — | — | — | — | — | not in coverage universe |
| — | Chesapeake Utilities Corporation | — | — | — | — | — | — | not in coverage universe |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Northwest Natural Holding Co | 138.8% | PSA 65 · RSU 35 | No | Pay Governance |
| American States Water Company | not disclosed | not disclosed | not disclosed | Pearl Meyer |
| Atmos Energy Corporation | 153% | PSU 75 · RSU 25 | No | Meridian Compensation Partners, LLC |
| Avista Corporation | 114% | not disclosed | No | Meridian Compensation Partners |
| Black Hills Corporation | 118.4% | PSU 60 · RSU 40 | Yes — Relative Total Shareholder Return (rTSR) | Meridian |
| California Water Service Group | 141%% | Performance-Based RSUs 75 · Time-Based RSAs 25 | No | Meridian Compensation Partners |
| Chesapeake Utilities Corporation | not disclosed | not disclosed | not disclosed | not disclosed |
| Clearway Energy, Inc. | 123% | PSU 67 · RSU 33 | Yes — Relative TSR | Pay Governance |
| Essential Utilities, Inc. | 187.62% | PSU 50 · RSU 35 · Option 15 | Yes — Total Shareholder Return (TSR) Peer Group Ranking | FW Cook |
| H20 America (formerly, SJW Group) | not disclosed | not disclosed | not disclosed | not disclosed |
| Idacorp, Inc. | 170% | PSU 67 · RSU 33 | Yes — TSR | Pay Governance |
| MGE Energy, Inc. | 135.3% | PSU 50 · RSU 50 | Yes — Relative Total Shareholder Return (TSR) | FW Cook |
| New Jersey Resources Corporation | 126.17% | PSU 51 · RSU 49 | No | FW Cook |
| NiSource Inc. | 146% | PSU 80 · RSU 20 | Yes — Three-Year RTSR | Meridian Compensation Partners |
| Northwestern Corporation | 80% | PSU 70 · RSU 30 | Yes — TSR relative to peer group | Willis Towers Watson (WTW) |
| ONE Gas, Inc. | 140.6% | PSU 70 · RSU 30 | Yes — Relative TSR | Meridian Compensation Partners |
| ONE Gas, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Otter Tail Corporation | not disclosed | not disclosed | Yes — Three-Year TSR performance relative to peer group | WTW |
| Portland General Electric Company | not disclosed | PSU 70 · RSU 30 | not disclosed | FW Cook |
| Southwest Gas Holdings, Inc. | 141% | PSU 60 · RSU 40 | No | Aon Human Capital Solutions |
| Spire Inc. | 95% | PSU 75 · RSU 25 | No | Semler Brossy Consulting Group LLC |
| Txnm Energy, Inc. | 50% | PSU 70 · RSU 30 | Yes — Relative TSR Goal | Pay Governance |
| Unitil Corporation | 137% | PSU 50 · RSU 50 | No | Willis Towers |
Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-28 | 30,964,481 | 911,720 | 200,640 | 97.14% | Passed |
| 2025 | 2025-05-22 | 29,310,087 | 1,146,255 | 166,952 | 96.24% | Passed |
| 2024 | 2024-05-23 | 27,490,971 | 1,080,127 | 176,335 | 96.22% | Passed |
| 2023 | 2023-05-25 | 26,349,898 | 1,410,352 | 162,465 | 94.92% | Passed |
| 2022 | 2022-05-23 | 24,555,068 | 924,110 | 180,715 | 96.37% | Passed |
| 2021 | 2021-05-27 | 21,698,003 | 502,094 | 182,685 | 97.74% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-05-28 | 97.14%a |
| 2025 | 2025-05-22 | 96.24%b |
| 2024 | 2024-05-23 | 96.22%c |
a. Approved under the standard stated in the filing — “Accordingly, abstentions and broker non-votes will have no effect on the results of the vote on this proposal.”.
b. Approved under the standard stated in the filing — “Accordingly, abstentions and broker non-votes will have no effect on the results of the vote on this proposal.”.
c. Approved under the standard stated in the filing — “Accordingly, abstentions and broker non-votes will have no effect on the results of the vote on this proposal.”.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | 28 : 1 |
|---|---|
| CEO total compensation | $3,695,467 |
| Median employee compensation | $134,311 |
Insider trades since the proxy
Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Sandra McDonough | Director | 2026-05-07 | A | 250.48 | $50 | $12,571 | Common | Form 4 ↗ |
| Mary E. Ludford | Director | 2026-05-07 | A | 512.85 | 50 | 25,740 | Common | Form 4 ↗ |
| Karen Lee | Director | 2026-05-07 | A | 1,014.42 | 50 | 50,914 | Common | Form 4 ↗ |
| Justin Palfreyman | Director | 2026-05-07 | A | 1,225 | 49 | 59,719 | Common | Form 4 ↗ |
| Peter J. Bragdon | Director | 2026-05-07 | A | 1,151.68 | 50 | 57,803 | Common | Form 4 ↗ |
| Peter J. Bragdon | Director | 2026-05-12 | A | 400 | 50 | 20,128 | Common | Form 4 ↗ |
| David Hugo Anderson | Director | 2026-06-26 | D | 1,500 | 51 | 76,351 | Common | Form 4 ↗ |
| David Hugo Anderson | Director | 2026-07-20 | D | 1,500 | 51 | 76,775 | Common | Form 4 ↗ |
| Mary E. Ludford | Director | 2026-08-06 | A | 507.02 | 51 | 25,741 | Common | Form 4 ↗ |
| Peter J. Bragdon | Director | 2026-08-06 | A | 1,140.71 | 51 | 57,914 | Common | Form 4 ↗ |
| Sandra McDonough | Director | 2026-08-06 | A | 247.63 | 51 | 12,572 | Common | Form 4 ↗ |
| David Hugo Anderson | Director | 2026-08-18 | D | 1,500 | 51 | 76,294 | Common | Form 4 ↗ |
| Brody J. Wilson | VP, Treas, Controller & CAO | 2026-09-01 | D | 341 | 49 | 16,733 | Common | Form 4 ↗ |
| Raymond Kaszuba | SVP & Chief Financial Officer | 2026-09-01 | D | 705 | 49 | 34,594 | Common | Form 4 ↗ |
| David Hugo Anderson | Director | 2026-09-18 | D | 1,500 | 48 | 72,039 | Common | Form 4 ↗ |
| Kyra Patterson | VP and Chief People Officer | 2026-10-01 | D | 244 | 47 | 11,387 | Common | Form 4 ↗ |
| David Hugo Anderson | Director | 2026-10-19 | D | 1,500 | 49 | 73,061 | Common | Form 4 ↗ |
Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.
Sources (83 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Justin Palfreyman. DEF 14A, filed 2026-04-17. Section “Summary Compensation Table” · page 44. As printed: 3,695,467. View filing ↗
- Section 01, Kimberly Rush. DEF 14A, filed 2026-04-17. Section “Summary Compensation Table”. As printed: 1,853,657. View filing ↗
- Section 01, Raymond Kaszuba. DEF 14A, filed 2026-04-17. Section “Summary Compensation Table”. As printed: 1,646,098. View filing ↗
- Section 01, MardiLyn Saathoff. DEF 14A, filed 2026-04-17. Section “Summary Compensation Table”. As printed: 1,429,613. View filing ↗
- Section 01, Megan Berge. DEF 14A, filed 2026-04-17. Section “Summary Compensation Table”. As printed: 1,299,197. View filing ↗
- Section 01, Megan Deputy. DEF 14A, filed 2026-04-17. Section “Summary Compensation Table”. As printed: 1,299,197. View filing ↗
- Section 01, David Anderson. DEF 14A, filed 2026-04-17. Section “Summary Compensation Table”. As printed: 575,775. View filing ↗
- Section 03, Kimberly Rush PSU. DEF 14A, filed 2026-04-17. Section “Grants of Plan-Based Awards During 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Justin Palfreyman PSU. DEF 14A, filed 2026-04-17. Section “Grants of Plan-Based Awards During 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Justin Palfreyman PSU. DEF 14A, filed 2026-04-17. Section “Grants of Plan-Based Awards During 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Raymond Kaszuba PSU. DEF 14A, filed 2026-04-17. Section “Grants of Plan-Based Awards During 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Kimberly Rush PSU. DEF 14A, filed 2026-04-17. Section “Grants of Plan-Based Awards During 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Megan Berge PSU. DEF 14A, filed 2026-04-17. Section “Grants of Plan-Based Awards During 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Megan Berge PSU. DEF 14A, filed 2026-04-17. Section “Grants of Plan-Based Awards During 2025” · grants of plan-based awards table. View filing ↗
- Section 03, MardiLyn Saathoff PSU. DEF 14A, filed 2026-04-17. Section “Grants of Plan-Based Awards During 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Raymond Kaszuba PSU. DEF 14A, filed 2026-04-17. Section “Grants of Plan-Based Awards During 2025” · grants of plan-based awards table. View filing ↗
- Section 03, MardiLyn Saathoff PSU. DEF 14A, filed 2026-04-17. Section “Grants of Plan-Based Awards During 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Megan Berge PSU. DEF 14A, filed 2026-04-17. Section “Grants of Plan-Based Awards During 2025” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-04-17. Section “CEO Pay Ratio”. As printed: 28 : 1. View filing ↗
- Section 08, Malia H. Wasson. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 337,666. View filing ↗
- Section 08, Jane L. Peverett. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 257,650. View filing ↗
- Section 08, Nathan I. Partain. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 255,150. View filing ↗
- Section 08, Charles A. Wilhoite. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 252,500. View filing ↗
- Section 08, Sandra McDonough. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 250,176. View filing ↗
- Section 08, Monica Enand. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 248,833. View filing ↗
- Section 08, Mary E. Ludford. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 227,674. View filing ↗
- Section 08, Karen Lee. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 225,197. View filing ↗
- Section 08, David H. Anderson. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 165,680. View filing ↗
- Section 08, Kenneth Thrasher. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 115,000. View filing ↗
- Section 08, Peter J. Bragdon. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 113,798. View filing ↗
- Section 08, Hon. Dave McCurdy. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 113,754. View filing ↗
- Section 08, Timothy P. Boyle. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 108,750. View filing ↗
- Section 02, Sandra McDonough 2026-05-07. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Mary E. Ludford 2026-05-07. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Karen Lee 2026-05-07. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Justin Palfreyman 2026-05-07. Form 4, filed 2026-05-07. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Peter J. Bragdon 2026-05-07. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Peter J. Bragdon 2026-05-12. Form 4, filed 2026-05-13. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, David Hugo Anderson 2026-06-26. Form 4, filed 2026-06-29. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, David Hugo Anderson 2026-07-20. Form 4, filed 2026-07-21. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Mary E. Ludford 2026-08-06. Form 4, filed 2026-08-07. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Peter J. Bragdon 2026-08-06. Form 4, filed 2026-08-07. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Sandra McDonough 2026-08-06. Form 4, filed 2026-08-07. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, David Hugo Anderson 2026-08-18. Form 4, filed 2026-08-18. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Brody J. Wilson 2026-09-01. Form 4, filed 2026-09-03. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Raymond Kaszuba 2026-09-01. Form 4, filed 2026-09-03. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, David Hugo Anderson 2026-09-18. Form 4, filed 2026-09-21. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Kyra Patterson 2026-10-01. Form 4, filed 2026-10-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, David Hugo Anderson 2026-10-19. Form 4, filed 2026-10-21. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-06-01. Item 5.07 · say-on-pay result. As reported: 97.14% (votes for as printed: FOR 30,964,481). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-05-27. Item 5.07 · say-on-pay result. As reported: 96.24% (votes for as printed: FOR 29,310,087). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-05-29. Item 5.07 · say-on-pay result. As reported: 96.22% (votes for as printed: FOR 27,490,971). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 2,669,800 + equity 0 + all other 0 = 2,669,800, summed across the director compensation table rows.
- NiSource Inc., Section 10b CEO total. DEF 14A, filed 2026-03-30. CEO total compensation as printed in NiSource Inc.'s own proxy. As printed: 13,197,800. View filing ↗
- Southwest Gas Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-23. CEO total compensation as printed in Southwest Gas Holdings, Inc.'s own proxy. As printed: 10,029,409. View filing ↗
- Atmos Energy Corporation, Section 10b CEO total. DEF 14A, filed 2025-12-19. CEO total compensation as printed in Atmos Energy Corporation's own proxy. As printed: 9,953,274. View filing ↗
- Essential Utilities, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-17. CEO total compensation as printed in Essential Utilities, Inc.'s own proxy. As printed: 9,212,815. View filing ↗
- Idacorp, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Idacorp, Inc.'s own proxy. As printed: 7,529,892. View filing ↗
- California Water Service Group, Section 10b CEO total. DEF 14A, filed 2026-04-08. CEO total compensation as printed in California Water Service Group's own proxy. As printed: 6,875,256. View filing ↗
- Otter Tail Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-02. CEO total compensation as printed in Otter Tail Corporation's own proxy. As printed: 6,792,688. View filing ↗
- New Jersey Resources Corporation, Section 10b CEO total. DEF 14A, filed 2025-12-10. CEO total compensation as printed in New Jersey Resources Corporation's own proxy. As printed: 6,433,253. View filing ↗
- Black Hills Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-18. CEO total compensation as printed in Black Hills Corporation's own proxy. As printed: 5,991,759. View filing ↗
- ONE Gas, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in ONE Gas, Inc.'s own proxy. As printed: 5,575,027. View filing ↗
- Spire Inc., Section 10b CEO total. DEF 14A, filed 2025-12-16. CEO total compensation as printed in Spire Inc.'s own proxy. As printed: 5,066,799. View filing ↗
- American States Water Company, Section 10b CEO total. DEF 14A, filed 2026-04-03. CEO total compensation as printed in American States Water Company's own proxy. As printed: 5,028,665. View filing ↗
- Northwestern Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-12. CEO total compensation as printed in Northwestern Corporation's own proxy. As printed: 5,016,745. View filing ↗
- Avista Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in Avista Corporation's own proxy. As printed: 4,773,308. View filing ↗
- Txnm Energy, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in Txnm Energy, Inc.'s own proxy. As printed: 3,903,948. View filing ↗
- Northwest Natural Holding Co (subject), Section 10b CEO total. DEF 14A, filed 2026-04-17. CEO total compensation as printed in Northwest Natural Holding Co's own proxy. As printed: 3,695,467. View filing ↗
- MGE Energy, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in MGE Energy, Inc.'s own proxy. As printed: 3,613,508. View filing ↗
- Unitil Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Unitil Corporation's own proxy. As printed: 3,189,116. View filing ↗
- Clearway Energy, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-24. CEO total compensation as printed in Clearway Energy, Inc.'s own proxy. As printed: 2,899,181. View filing ↗
- Section 10a, Northwestern Corporation reciprocity. DEF 14A. Northwestern Corporation names Northwest Natural Holding Co in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, ONE Gas, Inc. reciprocity. DEF 14A. ONE Gas, Inc. names Northwest Natural Holding Co in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, MGE Energy, Inc. reciprocity. DEF 14A. MGE Energy, Inc. names Northwest Natural Holding Co in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Unitil Corporation reciprocity. DEF 14A. Unitil Corporation names Northwest Natural Holding Co in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Black Hills Corporation reciprocity. DEF 14A. Black Hills Corporation names Northwest Natural Holding Co in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, American States Water Company reciprocity. DEF 14A. American States Water Company names Northwest Natural Holding Co in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, IDACORP, Inc. reciprocity. DEF 14A. IDACORP, Inc. names Northwest Natural Holding Co in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, California Water Service Group reciprocity. DEF 14A. California Water Service Group names Northwest Natural Holding Co in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Otter Tail Corporation reciprocity. DEF 14A. Otter Tail Corporation names Northwest Natural Holding Co in its own disclosed peer group (read from its most recent proxy). View filing ↗