Zachary D. Kravitz, who serves as vice president of regulatory affairs and resource planning at Northwest Natural Holding Co (NYSE:NWN), reported two equity transactions on March 5, 2026, according to a Form 4 filed with the Securities and Exchange Commission.
One filing shows Kravitz sold 1.0562 shares of Northwest Natural common stock at a price of $52.53 per share, producing a reported total value of $55. On the same date, he transferred 1,144 shares to satisfy withholding taxes arising from the vesting of restricted stock units and performance shares; those 1,144 shares were transacted at the same $52.53 price for a reported aggregate value of $60,094.
The trades took place while Northwest Natural shares were trading near a 52-week high of $53.66, reflecting recent price strength for the utility. Data referenced in the filing notes a 29% return for NWN over the prior six months and a dividend yield of 3.77%. The company has raised its dividend for 55 consecutive years, per the same data.
After these actions, Kravitz's direct holdings in Northwest Natural total 2,738 shares. He also holds indirect interests through two company-sponsored plans: 861.6270 shares via the Northwest Natural Gas Company Deferred Compensation Plan and 385.6430 shares via the Northwest Natural Retirement K Savings Plan, as reported in the filing.
The insider activity comes in the wake of Northwest Natural Gas reporting its fourth-quarter 2025 results, where reported earnings per share of $1.39 matched analysts' expectations. Revenue for the quarter totaled $394.16 million, however, falling short of the $432.5 million estimate. Despite the revenue shortfall, the company is projecting 4.1% year-over-year earnings per share growth for 2026.
Reflecting these mixed results and the outlook, Stifel revised its price target for Northwest Natural to $58 from $52 and maintained a Buy rating on the shares. The analyst update was noted alongside the company results and the insider disclosure.
These filings disclose the mechanics and reported dollar amounts of Kravitz's March 5, 2026 transactions and list his direct and indirect holdings following the trades. The documents do not attach further commentary about the motives behind the sales or transfers beyond the stated purpose of covering withholding taxes for vested equity.