Every Form 4 that Black Hills Corporation (BKH) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow BKH and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BKH filings page.
BLACK HILLS CORP director Robert P. Otto reported an open-market sale of 4,109 shares of common stock at $74.2199 per share. After this transaction, he directly holds 10,885.9672 common shares.
The filing also shows an indirect holding of Phantom Stock Units held by a trust, representing 9,764.9995 underlying common shares on a 1-for-1 conversion ratio. These derivative securities are exercisable upon retirement and expire upon retirement under the terms of the agreement.
Waleski Anne G reported acquisition or exercise transactions in this Form 4 filing.
BLACK HILLS CORP director Anne G. Waleski received an equity award of 1,921 shares of common stock as a non-employee director restricted stock unit grant. This compensation-related grant was priced at $0.00 per share in the table and increased her direct holdings to 4,237.1172 shares.
BLACK HILLS CORP director Teresa Taylor reported a stock award and updated equity holdings. She received a grant of 1,921 shares of Common Stock as a non-employee director restricted stock unit grant, recorded at a price of $0.00 per share as compensation rather than an open-market purchase.
After this award, she directly holds 13,645.6562 shares of Common Stock. Separately, a trust associated with her indirectly holds Phantom Stock Units tied to 10,385.6725 underlying shares of Common Stock, with a 1-for-1 conversion ratio. These derivative units are exercisable and expire upon retirement under the agreement’s terms.
Prochazka Scott M reported acquisition or exercise transactions in this Form 4 filing.
Black Hills Corp. director Scott M. Prochazka received an equity grant of 1,921 shares of Common Stock as a restricted stock unit award. The grant was made at a price of $0.00 per share as a non-employee director Restricted Stock Unit grant.
Following this award, Prochazka directly holds 11,715.8442 Common Stock shares. He is also associated with 2,335.0121 Phantom Stock Units held indirectly by a trust, which reference an equivalent number of Common Stock shares on a 1-for-1 basis and become exercisable and expire upon retirement under the agreement’s terms.
Black Hills Corp director Robert P. Otto received a grant of 1,921 shares of Common Stock as a non-employee director restricted stock unit award at a price of $0.0000 per share. After this grant, his directly held common stock position is 14,994.9672 shares.
He also has an indirect position in Phantom Stock Units held by a trust, representing 9,764.9995 underlying shares of Common Stock on a 1-for-1 conversion ratio. These derivative securities are exercisable upon retirement and expire upon retirement under the terms of the agreement, indicating a long-term, retirement-linked compensation structure rather than an open-market trade.
BLACK HILLS CORP (BKH) director Steven Richard Mills reported a stock-based compensation grant and his existing phantom stock holdings. He received an award of 1,921 shares of common stock as a non-employee director restricted stock unit grant, increasing his direct common stock holdings to 29,622.2309 shares.
Mills is also indirectly associated with 22,105.2207 phantom stock units held by a trust, each with a 1-for-1 conversion ratio into common stock. The derivative security becomes exercisable upon retirement and expires upon retirement under the terms of the agreement.
McAllister Kathleen S reported acquisition or exercise transactions in this Form 4 filing.
Black Hills Corp. director Kathleen S. McAllister received a grant of 1,921 shares of common stock as a non-employee director restricted stock unit award. After this grant, she holds 16,529.1219 common shares directly. She also has phantom stock units indirectly via a trust, tied to 4,250.9788 underlying common shares on a 1-for-1 basis, which become exercisable and expire upon retirement under the agreement.
Black Hills Corp. director Tony A. Jensen reported an equity grant of 1,921 shares of common stock as a non-employee director restricted stock unit award. The shares were acquired at a stated price of $0.0000 per share and increase his direct holdings to 18,117.5789 shares of common stock.
He also reports an indirect position in Phantom Stock Units held by a trust, representing 4,250.9788 underlying shares of common stock on a 1-for-1 conversion ratio. These derivative securities are exercisable upon retirement and expire upon retirement under the terms of the agreement.
BLACK HILLS CORP /SD/ director Barry M. Granger received a grant of 1,921 shares of Common Stock as a restricted stock unit award at no cost. This compensation-related acquisition increased his direct holdings to 11,715.8959 Common Stock shares.
He also has an indirect position in Phantom Stock Units held by a trust, representing 2,335.0121 underlying Common Stock shares on a 1-for-1 conversion ratio. These derivative securities are exercisable upon retirement and expire upon retirement under the terms of the agreement.
BLACK HILLS CORP (BKH) director Robert F. Beard reported a stock-based compensation grant. On May 1, 2026, he acquired 1,921 shares of Common Stock at a stated price of $0.00 per share as a Non-employee Director Restricted Stock Unit Grant.
Following this award, Beard directly holds 4,237.1172 Common Stock shares. This is a routine equity grant for board service rather than an open-market purchase or sale.
Black Hills Corp (BKH) President and CEO Linden R. Evans reported gifting company stock rather than trading it for cash. On February 17, 2026, he made bona fide gifts totaling 6,311 shares of common stock, including charitable donations, at no sale price. A prior transaction on December 1, 2025 shows a small acquisition of 8.0758 shares through the company’s dividend reinvestment plan. After correcting a temporary software error noted in the footnotes, he directly owns 169,781.063 shares, plus 4,490.861 shares held indirectly through a 401(k) account.
Black Hills Corp senior vice president of utilities Marne M. Jones reported equity compensation activity in company common stock. On February 12, 2026, Jones acquired 835 shares of common stock at $73.21 per share as a grant under the 2023-2025 Performance Share Plan within the Omnibus Incentive Plan.
On the same date, 334.337 shares were disposed of at $73.21 per share to cover tax withholding related to that performance share payout. After these transactions, Jones directly owned 38,667.175 shares of Black Hills Corp common stock.
Black Hills Corp executive Kimberly F. Nooney reported equity award activity. On February 12, 2026, she acquired 2,006 shares of common stock at $73.21 per share as a grant under the 2023-2025 Performance Share Plan. On the same date, 805.815 shares were withheld at $73.21 per share to cover taxes on that payout, a non-market disposition. After these transactions, she directly owned 38,691.424 common shares and indirectly held 4.459 shares in a 401(k) account.
Evans Linden R reported multiple insider transaction types in a Form 4 filing for BKH. The filing lists transactions totaling 12,592 shares at a weighted average price of $73.21 per share. Following the reported transactions, holdings were 178,640 shares.
Black Hills Corp President and CEO Evans Linden reported multiple equity-related transactions in company common stock. On February 6, 2026, he acquired 17,793 shares at $0 through a restricted stock grant under the company’s incentive compensation plan, increasing his direct holdings.
On February 7 and 9, 2026, he disposed of 1,624.735, 1,077.801, and 1,382.349 shares, respectively, at prices of $72.3 and $71.48 to cover tax withholding on vesting of prior restricted stock grants. He also indirectly holds 4,490.861 shares through a 401(k). A software issue understated his post-transaction balance; the filing states he actually owns 170,603.653 shares directly.
Black Hills Corp. senior vice president Marne M. Jones reported equity compensation and related tax-withholding transactions in company common stock. On February 6, 2026, Jones acquired 4,106 shares of common stock through a restricted stock grant under the company’s incentive compensation plan at a stated price of $0, bringing direct holdings to 39,964.399 shares.
On February 7, 2026, 1,417.774 shares were withheld at $72.30 per share to cover taxes on the vesting of a February 7, 2025 restricted stock grant, reducing direct holdings to 38,546.625 shares. On February 9, 2026, additional tax-withholding transactions used 104.368 shares and 275.745 shares at $71.48 per share related to earlier restricted stock grants, leaving Jones with 38,166.512 common shares held directly.
Black Hills Corp SVP & CFO Kimberly F. Nooney reported several equity-related transactions in company common stock. On February 6, 2026, she acquired 4,654 shares at $0 through a restricted stock grant under the company’s incentive compensation plan, bringing her direct holdings to 39,923.75 shares.
Subsequently, on February 7 and 9, 2026, she disposed of shares coded as "F", at prices of about $72.30 and $71.48, to pay tax withholding tied to vesting of earlier restricted stock grants from 2023, 2024, and 2025. She also holds 4.459 shares indirectly in a 401(k) account.
Black Hills Corp executive Sarah Wiltse reported equity compensation and related tax withholding transactions. On February 6, 2026, she acquired 2,327 shares of common stock at $0 through a restricted stock grant under the company’s incentive compensation plan, bringing her direct holdings to 7,733 shares.
On February 7, 2026, 201.027 shares of common stock at $72.30 per share were withheld to cover taxes associated with restricted stock vesting, leaving her with 7,531.973 directly owned shares after these transactions.
Black Hills Corp. Chief Legal Officer Darren T. Nakata received 2,874 shares of common stock on February 6, 2026. The shares were acquired at $0.00 per share through a restricted stock grant under the company’s Incentive Compensation Plan, bringing his directly owned total to 7,495 shares.
Black Hills Corp. CITO Donald Lee Redden Jr. reported an equity award of company stock. On 02/06/2026, he acquired 1,642 shares of Black Hills Corp. common stock at a stated price of $0 per share, reflecting a restricted stock grant under the company’s Incentive Compensation Plan.
After this grant, Redden directly beneficially owned a total of 6,910 common shares. The transaction is classified as an acquisition of non-derivative securities and represents standard equity compensation for an executive officer.
Black Hills Corp. (BKH) disclosed an insider transaction on Form 4. The company’s SVP & CFO reported a sale of 14,500 shares of common stock at $70.70 on 11/10/2025 (transaction code S). Following the sale, the reporting person beneficially owned 34,620.509 shares directly and 4.459 shares indirectly through a 401(k). The filing indicates it was submitted by one reporting person.
Black Hills Corp (BKH) reported an insider equity award. The company’s Chief Legal Officer acquired 4,621 shares of common stock on 11/07/2025 through a restricted stock grant under the company’s Incentive Compensation Plan at a reported price of $0.
Following this grant, the officer beneficially owns 4,621 shares, held directly. This filing reflects an equity-based compensation award rather than an open‑market purchase or sale.