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Companies Northwest Natural Holding Co

Northwest Natural (NWN): executive pay, fiscal 2025

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CEO total pay$3,695,467CEO Justin Palfreyman · source
Say-on-pay support97.14%Latest vote · source
CEO pay ratio28:1To the median employee · source

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 officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
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 Rush506,667115,440456,9800243,560485,04545,9651,853,657
President, NW Natural
Raymond Kaszuba542,500160,927583,8580311,073047,7401,646,098
Senior Vice President and Chief Financial Officer
MardiLyn Saathoff483,833104,785507,6370231,2151,254100,8891,429,613
General Counsel, Chief Compliance Officer, and SVP Regulation, NW Holdings
Megan Berge341,667185,542613,013—129,458—29,5171,299,197
Deputy General Counsel and Corporate Secretary, NW Holdings
Megan Deputy341,667185,542613,0130129,458029,5171,299,197
General Counsel and Corporate Secretary, NW Holdings
David Anderson230,83373,63500185,36568085,262575,775
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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Justin Palfreyman$3,695,467$2,030,537$1,367,060↑ +1,664,930
Kimberly Rush1,853,6571,386,5281,418,643↑ +467,129
Raymond Kaszuba1,646,098910,145—↑ +735,953
MardiLyn Saathoff1,429,6131,326,7241,240,752↑ +102,889
Megan Berge1,299,197———
Megan Deputy1,299,197———
David Anderson575,7754,137,5853,537,654↓ −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 consultantPay Governance
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Kimberly RushPSU2025-02-262,2107,365—14,730$291,359
Justin PalfreymanPSU2025-02-268,34627,820—55,6401,100,559
Justin PalfreymanPSU2025-02-26—14,982——625,648
Raymond KaszubaPSU2025-02-262,8239,410—18,820372,260
Kimberly RushPSU2025-02-26—3,966——165,620
Megan BergePSU—1,7195,730—11,460226,679
Megan BergePSU2025-03-01—6,297——257,421
MardiLyn SaathoffPSU2025-02-26—4,407——184,036
Raymond KaszubaPSU2025-02-26—5,067——211,598
MardiLyn SaathoffPSU2025-02-262,4548,180—16,360323,601
Megan BergePSU2025-02-26—3,087——128,913

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Kimberly Rush$0$456,979$0100.0%
Justin Palfreyman01,726,2070100.0%
Raymond Kaszuba0583,8580100.0%
Megan Berge0613,0130100.0%
MardiLyn Saathoff0507,6370100.0%

% 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

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Justin PalfreymanRSU639—$29,867
Justin PalfreymanRSU708—33,092
Justin PalfreymanPSU708—33,092
Kimberly RushRSU708—33,092
Kimberly RushPSU708—33,092
MardiLyn SaathoffRSU730—34,120
Kimberly RushRSU730—34,120
MardiLyn SaathoffRSU884—41,318
MardiLyn SaathoffPSU884—41,318
Kimberly RushRSU917—42,861
Megan BergeRSU1,029—48,091
MardiLyn SaathoffRSU1,146—53,564
Kimberly RushRSU1,322—61,784
MardiLyn SaathoffRSU1,469—68,654
Raymond KaszubaRSU1,689—78,936
Justin PalfreymanRSU1,718—80,299
Kimberly RushPSU1,834—85,721
Megan BergePSU2,058—96,191
MardiLyn SaathoffPSU2,292—107,128
David AndersonRSU2,644—123,581
Kimberly RushPSU2,644—123,581
David AndersonRSU2,652—123,954
David AndersonPSU2,652—123,954
MardiLyn SaathoffPSU2,938—137,323
Raymond KaszubaPSU3,378—157,889
Justin PalfreymanPSU3,436—160,599
David AndersonRSU3,665—171,302
Justin PalfreymanRSU4,994—233,396
Raymond KaszubaPSU5,210—243,528
Megan BergePSU6,297—294,322
David AndersonPSU7,330—342,604
Justin PalfreymanPSU9,988—466,841
Megan BergePSU11,460—535,640
Raymond KaszubaPSU18,920—879,647
David AndersonPSU22,706—1,061,278
Kimberly RushPSU28,340—1,324,612
MardiLyn SaathoffPSU33,380—1,560,181
Justin PalfreymanPSU81,960—3,793,418
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
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 · Governance257,650————257,650
Nathan I. PartainIndependent · Organization and Executive Compensation (Chair) · Governance · Finance255,150————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 Policy247,650————248,833
Mary E. LudfordIndependent · Audit (1) · Finance227,650————227,674
Karen LeeIndependent · Finance · Public Affairs and Environmental Policy · Not standing for re-election225,150————225,197
David H. AndersonIndependent · Finance · Public Affairs and Environmental Policy165,000————165,680
Kenneth ThrasherIndependent · Departed during FY115,000————115,000
Peter J. BragdonIndependent · Organization and Executive Compensation · Public Affairs and Environmental Policy · Partial-year service · Newly elected113,750————113,798
Hon. Dave McCurdyIndependent · Departed during FY113,750————113,754
Timothy P. BoyleIndependent · Departed during FY108,750————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

ComponentFY2025
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

Each company listed discloses NWN in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named NWN in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

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.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1NiSource Inc.2025Lloyd Yates$1,191,667$9,619,864$0$2,261,784$13,197,800
2Southwest Gas Holdings, Inc.2025Karen Haller1,090,6855,776,08501,861,20010,029,409
3Atmos Energy Corporation2025J. Kevin Akers1,147,8025,179,05702,100,5729,953,274
4Essential Utilities, Inc.2025Christopher Franklin1,103,9313,366,470652,8382,218,6079,212,815
5Idacorp, Inc.2025Lisa Grow1,050,0002,942,30801,785,0017,529,892
6California Water Service Group2025Martin Kropelnicki1,080,6881,950,11901,524,9156,875,256
7Otter Tail Corporation2025Charles MacFarlane867,5783,149,27601,471,1946,792,688
8New Jersey Resources Corporation2025Stephen Westhoven1,002,7373,514,63301,398,2866,433,253
9Black Hills Corporation2025Linden Evans995,5942,966,68801,294,8865,991,759
10ONE Gas, Inc.2025Robert McAnnally925,0003,154,36101,300,0005,575,027
11Spire Inc.2025Steven Lindsey497,3081,873,940005,066,799
12American States Water Company2025Robert Sprowls974,3271,991,9670892,1255,028,665
13Northwestern Corporation2025Brian Bird921,2632,700,0220743,4005,016,745
14Avista Corporation2025Heather Rosentrater786,8452,653,7430897,7324,773,308
15Txnm Energy, Inc.2025Joseph Tarry839,4622,275,0110495,0583,903,948
16Northwest Natural Holding Co2025Justin Palfreyman812,5001,726,2080726,4063,695,467
17MGE Energy, Inc.2025Jeffrey Keebler795,8331,402,8810865,9203,613,508
18Unitil Corporation2025Thomas Meissner Jr.744,066751,8420662,5913,189,116
19Clearway Energy, Inc.2025Craig Cornelius02,899,181002,899,181
—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

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Northwest Natural Holding Co138.8%PSA 65 · RSU 35NoPay Governance
American States Water Companynot disclosednot disclosednot disclosedPearl Meyer
Atmos Energy Corporation153%PSU 75 · RSU 25NoMeridian Compensation Partners, LLC
Avista Corporation114%not disclosedNoMeridian Compensation Partners
Black Hills Corporation118.4%PSU 60 · RSU 40Yes — Relative Total Shareholder Return (rTSR)Meridian
California Water Service Group141%%Performance-Based RSUs 75 · Time-Based RSAs 25NoMeridian Compensation Partners
Chesapeake Utilities Corporationnot disclosednot disclosednot disclosednot disclosed
Clearway Energy, Inc.123%PSU 67 · RSU 33Yes — Relative TSRPay Governance
Essential Utilities, Inc.187.62%PSU 50 · RSU 35 · Option 15Yes — Total Shareholder Return (TSR) Peer Group RankingFW Cook
H20 America (formerly, SJW Group)not disclosednot disclosednot disclosednot disclosed
Idacorp, Inc.170%PSU 67 · RSU 33Yes — TSRPay Governance
MGE Energy, Inc.135.3%PSU 50 · RSU 50Yes — Relative Total Shareholder Return (TSR)FW Cook
New Jersey Resources Corporation126.17%PSU 51 · RSU 49NoFW Cook
NiSource Inc.146%PSU 80 · RSU 20Yes — Three-Year RTSRMeridian Compensation Partners
Northwestern Corporation80%PSU 70 · RSU 30Yes — TSR relative to peer groupWillis Towers Watson (WTW)
ONE Gas, Inc.140.6%PSU 70 · RSU 30Yes — Relative TSRMeridian Compensation Partners
ONE Gas, Inc.not disclosednot disclosednot disclosednot disclosed
Otter Tail Corporationnot disclosednot disclosedYes — Three-Year TSR performance relative to peer groupWTW
Portland General Electric Companynot disclosedPSU 70 · RSU 30not disclosedFW Cook
Southwest Gas Holdings, Inc.141%PSU 60 · RSU 40NoAon Human Capital Solutions
Spire Inc.95%PSU 75 · RSU 25NoSemler Brossy Consulting Group LLC
Txnm Energy, Inc.50%PSU 70 · RSU 30Yes — Relative TSR GoalPay Governance
Unitil Corporation137%PSU 50 · RSU 50NoWillis 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 yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-2830,964,481911,720200,64097.14%Passed
20252025-05-2229,310,0871,146,255166,95296.24%Passed
20242024-05-2327,490,9711,080,127176,33596.22%Passed
20232023-05-2526,349,8981,410,352162,46594.92%Passed
20222022-05-2324,555,068924,110180,71596.37%Passed
20212021-05-2721,698,003502,094182,68597.74%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 yearMeeting dateApproval — company’s computation
20262026-05-2897.14%a
20252025-05-2296.24%b
20242024-05-2396.22%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.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Sandra McDonoughDirector2026-05-07A250.48$50$12,571CommonForm 4 ↗
Mary E. LudfordDirector2026-05-07A512.855025,740CommonForm 4 ↗
Karen LeeDirector2026-05-07A1,014.425050,914CommonForm 4 ↗
Justin PalfreymanDirector2026-05-07A1,2254959,719CommonForm 4 ↗
Peter J. BragdonDirector2026-05-07A1,151.685057,803CommonForm 4 ↗
Peter J. BragdonDirector2026-05-12A4005020,128CommonForm 4 ↗
David Hugo AndersonDirector2026-06-26D1,5005176,351CommonForm 4 ↗
David Hugo AndersonDirector2026-07-20D1,5005176,775CommonForm 4 ↗
Mary E. LudfordDirector2026-08-06A507.025125,741CommonForm 4 ↗
Peter J. BragdonDirector2026-08-06A1,140.715157,914CommonForm 4 ↗
Sandra McDonoughDirector2026-08-06A247.635112,572CommonForm 4 ↗
David Hugo AndersonDirector2026-08-18D1,5005176,294CommonForm 4 ↗
Brody J. WilsonVP, Treas, Controller & CAO2026-09-01D3414916,733CommonForm 4 ↗
Raymond KaszubaSVP & Chief Financial Officer2026-09-01D7054934,594CommonForm 4 ↗
David Hugo AndersonDirector2026-09-18D1,5004872,039CommonForm 4 ↗
Kyra PattersonVP and Chief People Officer2026-10-01D2444711,387CommonForm 4 ↗
David Hugo AndersonDirector2026-10-19D1,5004973,061CommonForm 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 ↗
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