NWN · Northwest Natural Holding Co · Executive Compensation

$48.44 -0.62 (-1.26%) At close · Sep 11

S&P 600 member Russell 2000 member Rebalance outlook locked

Market Cap

$2.04B

42.09M

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Justin B. Palfreyman	President and Chief Executive Officer, NW Holdings	$812,500	$333,594	$1,726,208	—	$726,406	$96,484	$3,695,467
Justin Palfreyman	CEO	$812,500	$333,594	$1,726,208	—	$726,406	$96,484	$3,695,467
Kimberly Rush	—	$506,667	$115,440	$456,980	—	$243,560	$45,965	$1,853,657
Kimberly H. Rush	President, NW Natural	$506,667	$115,440	$456,980	—	$243,560	$45,965	$1,853,657
Raymond J. Kaszuba III	Senior Vice President and Chief Financial Officer	$542,500	$160,927	$583,858	—	$311,073	$47,740	$1,646,098
MardiLyn Saathoff	General Counsel, Chief Compliance Officer, and SVP Regulation, NW Holdings	$483,833	$104,785	$507,637	—	$231,215	$100,889	$1,429,613
Megan H. Berge	Deputy General Counsel and Corporate Secretary, NW Holdings	$341,667	$185,542	$613,013	—	$129,458	$29,517	$1,299,197
David Anderson	Former Chief Executive Officer	$230,833	$73,635	—	—	$185,365	$85,262	$575,775

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
David Anderson	Chief Executive Officer	$862,917	$389,741	$1,629,976	—	$626,259	$55,001	$4,137,585
Justin Palfreyman	—	$619,792	$222,079	$763,989	—	$349,921	$74,636	$2,030,537
Justin B. Palfreyman	President	$619,792	$222,079	$763,989	—	$349,921	$74,636	$2,030,537
Kimberly Rush	COO	$471,042	$111,043	$407,562	—	$189,957	$25,136	$1,386,528
Kimberly H. Rush	Senior Vice President and Chief Operating Officer	$471,042	$111,043	$407,562	—	$189,957	$25,136	$1,386,528
MardiLyn Saathoff	Senior Vice President, Regulation and General Counsel	$464,146	$103,842	$509,559	—	$187,158	$61,304	$1,326,724
Brody J. Wilson	Vice President, Treasurer, Controller and Chief Accounting Officer	$400,021	$150,061	$258,407	—	$92,939	$46,725	$948,297
Brody Wilson	Chief Accounting Officer	$400,021	$150,061	$258,407	—	$92,939	$46,725	$948,297
Raymond J. Kaszuba III	Senior Vice President and Chief Financial Officer	$153,125	$346,322	$314,319	—	$84,678	$11,701	$910,145
Megan H. Berge	Deputy General Counsel and Corporate Secretary, NW Holdings	—	—	—	—	—	—	—

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
David Anderson	Chief Executive Officer	$830,000	$328,145	$1,449,015	—	$475,855	$50,124	$3,537,654
Kimberly Rush	COO	$426,625	$106,801	$386,701	—	$144,199	$11,796	$1,418,643
Kimberly H. Rush	Senior Vice President and Chief Operating Officer	$426,625	$106,801	$386,701	—	$144,199	$11,796	$1,418,643
Justin Palfreyman	—	$476,958	$183,371	$386,701	—	$265,629	$53,999	$1,367,060
Justin B. Palfreyman	President	$476,958	$183,371	$386,701	—	$265,629	$53,999	$1,367,060
MardiLyn Saathoff	Senior Vice President, Regulation and General Counsel	$446,250	$106,857	$483,005	—	$142,143	$59,487	$1,240,752
Frank H. Burkhartsmeyer	Former Executive Vice President, Strategy and Business Development and Chief Financial Officer	$338,573	—	$483,005	—	—	$63,273	$885,685
Frank Burkhartsmeyer	CFO	$338,573	—	$483,005	—	—	$63,273	$885,685
Brody J. Wilson	Vice President, Treasurer, Controller and Chief Accounting Officer	$357,833	$167,128	$120,692	—	$105,872	$35,719	$787,824
Brody Wilson	Chief Accounting Officer	$357,833	$167,128	$120,692	—	$105,872	$35,719	$787,824
Raymond J. Kaszuba III	Senior Vice President and Chief Financial Officer	—	—	—	—	—	—	—
Megan H. Berge	Deputy General Counsel and Corporate Secretary, NW Holdings	—	—	—	—	—	—	—

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
David Anderson	Chief Executive Officer	$795,833	$317,053	$1,450,637	—	$489,947	$95,386	$3,641,640
Frank H. Burkhartsmeyer	Former Executive Vice President, Strategy and Business Development and Chief Financial Officer	$512,167	$143,146	$500,237	—	$222,854	$66,922	$1,446,240
Frank Burkhartsmeyer	CFO	$512,167	$143,146	$500,237	—	$222,854	$66,922	$1,446,240
MardiLyn Saathoff	Senior Vice President, Regulation and General Counsel	$427,167	$104,090	$400,216	—	$154,910	$55,743	$1,146,324
Kimberly Rush	COO	$381,000	$90,842	$400,216	—	$138,158	$36,565	$1,048,778
Kimberly H. Rush	Senior Vice President and Chief Operating Officer	$381,000	$90,842	$400,216	—	$138,158	$36,565	$1,048,778
Justin Palfreyman	—	$359,500	$86,227	$350,327	—	$130,773	$45,777	$973,052
Justin B. Palfreyman	President	$359,500	$86,227	$350,327	—	$130,773	$45,777	$973,052
Raymond J. Kaszuba III	Senior Vice President and Chief Financial Officer	—	—	—	—	—	—	—
Brody Wilson	Chief Accounting Officer	—	—	—	—	—	—	—
Brody J. Wilson	Vice President, Treasurer, Controller and Chief Accounting Officer	—	—	—	—	—	—	—

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
David Anderson	Chief Executive Officer	$770,833	$309,288	$1,360,798	—	$543,712	$98,457	$3,759,354
Frank H. Burkhartsmeyer	Former Executive Vice President, Strategy and Business Development and Chief Financial Officer	$489,333	$127,066	$523,379	—	$224,934	$68,871	$1,434,165
Frank Burkhartsmeyer	CFO	$489,333	$127,066	$523,379	—	$224,934	$68,871	$1,434,165
MardiLyn Saathoff	Senior Vice President, Regulation and General Counsel	$410,917	$89,605	$418,808	—	$153,395	$65,542	$1,141,834
Kimberly H. Rush	Senior Vice President and Chief Operating Officer	$363,917	$78,133	$366,391	—	$136,867	$17,367	$1,105,989
Kimberly Rush	COO	$363,917	$78,133	$366,391	—	$136,867	$17,367	$1,105,989
Kimberly Heiting	Senior Vice President, Operations and Chief Marketing Officer	$363,917	$78,133	$366,391	—	$136,867	$17,367	$1,105,989
Justin B. Palfreyman	President	$337,750	$73,976	$261,788	—	$127,024	$50,751	$851,579
Justin Palfreyman	—	$337,750	$73,976	$261,788	—	$127,024	$50,751	$851,579
Brody Wilson	CFO	—	—	—	—	—	—	—
Brody J. Wilson	Chief Financial Officer, Vice President, Treasurer and Chief Accounting Officer	—	—	—	—	—	—	—

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
David Anderson	President and Chief Executive Officer	$743,333	$282,062	$1,211,009	—	$445,938	$95,255	$3,824,428
Kimberly Rush	—	$335,833	$67,660	$302,642	—	$107,340	$16,365	$1,435,415
Kimberly Heiting	Senior Vice President, Operations and Chief Marketing Officer	$335,833	$67,660	$302,642	—	$107,340	$16,365	$1,435,415
Kimberly H. Rush	Senior Vice President, Operations and Chief Marketing Officer	$335,833	$67,660	$302,642	—	$107,340	$16,365	$1,435,415
Frank Burkhartsmeyer	CFO	$453,500	$99,637	$504,403	—	$160,363	$60,227	$1,278,565
Frank H. Burkhartsmeyer	Senior Vice President and Chief Financial Officer	$453,500	$99,637	$504,403	—	$160,363	$60,227	$1,278,565
MardiLyn Saathoff	Senior Vice President, Regulation and General Counsel	$397,250	$88,931	$353,450	—	$126,069	$57,129	$1,026,918
Justin Palfreyman	—	$313,000	$68,372	$176,725	—	$99,628	$41,880	$699,837
Justin B. Palfreyman	Vice President, Strategy and Business Development	$313,000	$68,372	$176,725	—	$99,628	$41,880	$699,837

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
David Anderson	President and Chief Executive Officer	$705,833	$241,267	$1,235,800	—	$514,733	$83,234	$4,255,777
Kimberly Heiting	Senior Vice President, Operations and Chief Marketing Officer	$308,333	$60,582	$283,501	—	$126,418	$25,688	$1,302,009
Frank Burkhartsmeyer	CFO	$425,917	$82,258	$411,903	—	$174,742	$51,932	$1,146,859
Frank H. Burkhartsmeyer	Senior Vice President and Chief Financial Officer	$425,917	$82,258	$411,903	—	$174,742	$51,932	$1,146,859
MardiLyn Saathoff	Senior Vice President, Regulation and General Counsel	$379,000	$73,629	$360,491	—	$155,371	$55,807	$1,026,496
Justin B. Palfreyman	Vice President, Strategy & Business Development	$293,583	$51,885	$180,072	—	$107,115	$38,272	$670,995
Justin Palfreyman	—	$293,583	$51,885	$180,072	—	$107,115	$38,272	$670,995

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
David Anderson	President and Chief Executive Officer	$679,167	$227,506	$992,520	—	$423,494	$88,895	$3,629,634
Frank Burkhartsmeyer	CFO	$410,833	$181,800	$304,778	—	$153,200	$42,774	$1,093,385
Frank H. Burkhartsmeyer	Senior Vice President and Chief Financial Officer^^	$410,833	$181,800	$304,778	—	$153,200	$42,774	$1,093,385
MardiLyn Saathoff	Senior Vice President, Regulation and General Counsel	$367,000	$78,122	$304,778	—	$136,878	$99,578	$988,483
Kimberly Heiting	Senior Vice President, Operations and Chief Marketing Officer	$300,000	$58,082	$223,608	—	$98,918	$56,920	$797,008
Justin Palfreyman	—	$282,500	$55,357	$162,339	—	$93,643	$46,001	$639,852
Justin B. Palfreyman	Vice President, Strategy & Business Development	$282,500	$55,357	$162,339	—	$93,643	$46,001	$639,852

Fiscal 2017

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
David Anderson	President and Chief Executive Officer	$641,667	$173,279	$834,910	—	$437,721	$58,308	$3,186,533
Frank Burkhartsmeyer	CFO	$248,611	$140,664	$631,331	—	$101,336	$12,990	$1,134,932
Frank H. Burkhartsmeyer	Senior Vice President and Chief Financial Officer	$248,611	$140,664	$631,331	—	$101,336	$12,990	$1,134,932
MardiLyn Saathoff	Senior Vice President, Regulation and General Counsel	$355,167	$60,754	$278,113	—	$144,246	$43,507	$884,364
Justin B. Palfreyman	Vice President, Strategy & Business Development	$270,833	$102,232	$178,597	—	$98,768	$25,801	$676,231
Justin Palfreyman	—	$270,833	$102,232	$178,597	—	$98,768	$25,801	$676,231
Kimberly Heiting	Senior Vice President, Operations and Chief Marketing Officer	—	—	—	—	—	—	—

Executive changes

Person	Role	Change	Effective	Filed
Megan H. Berge	Senior Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary	Appointed	2026-01-01	2025-12-15
MardiLyn Saathoff	Chief Legal Officer and SVP Regulation	Appointed	2026-01-01	2025-12-15
MardiLyn Saathoff	General Counsel, Chief Compliance Officer and SVP Regulation	Retired	2026-04-01	2025-12-15
Dave Drinkward	independent director	Appointed	2025-06-30	2025-07-03
Peter J. Bragdon	Class III director	Appointed	2025-07-12	2025-07-03
Dave McCurdy	member of the Board of Directors	Retired	2025-05-22	2025-05-27
Steven E. Wynne	Board of NW Natural	Retired	2025-05-22	2025-05-27
Timothy P. Boyle	member of the Board of Directors	Retired	2025-05-22	2025-05-27
Kimberly H. Rush	President of NW Natural	Appointed	2025-04-01	2025-01-10
Mary E. Ludford	Class III director	Appointed	2024-08-19	2024-08-22
Brody J. Wilson	Vice President, Treasurer, Controller and Chief Accounting Officer	Appointed	2024-08-31	2024-08-09
Raymond Kaszuba III	Senior Vice President and Chief Financial Officer	Appointed	2024-08-31	2024-08-09

Key facts CIK 1733998 CUSIP 66765N105 13F (30d) 14 filings 14 filers Visit website Investor relations