STOCK TITAN

[Form 4] NorthWestern Energy Group, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

NorthWestern Energy Group (NWE) Form 4: On 08/01/2025 independent director Jeffrey W. Yingling received 731 deferred share units of common stock under the company’s Q3-2025 non-employee director compensation schedule. The award is coded “A” (acquisition) and reflects a grant price reference of $51.30 set on 06/30/2025; no cash was paid and no open-market trade occurred.

After this grant, Yingling directly owns 21,157 NWE shares, a figure that already includes dividend-reinvested stock. No derivative securities were reported in Table II.

The filing represents a routine, pre-arranged equity award that modestly increases insider ownership. While it reinforces board-shareholder alignment, the size (<0.002 % of the ~50 M share float) is too small to be considered a material indicator of insider sentiment or near-term fundamentals.

NorthWestern Energy Group (NWE) Modulo 4: Il 01/08/2025 il direttore indipendente Jeffrey W. Yingling ha ricevuto 731 unità di azioni differite di azioni ordinarie secondo il piano di compensazione per direttori non dipendenti del terzo trimestre 2025 della società. Il premio è contrassegnato con il codice “A” (acquisizione) e si basa su un prezzo di riferimento di 51,30 $ fissato al 30/06/2025; non è stato pagato denaro e non sono avvenute transazioni sul mercato aperto.

Dopo questa assegnazione, Yingling possiede direttamente 21.157 azioni NWE, cifra che include già le azioni ottenute tramite reinvestimento dei dividendi. Non sono stati segnalati titoli derivati nella Tabella II.

La comunicazione rappresenta un premio azionario di routine, predefinito, che aumenta modestamente la proprietà interna. Sebbene rafforzi l’allineamento tra consiglio e azionisti, la dimensione (<0,002% del flottante di circa 50 milioni di azioni) è troppo piccola per essere considerata un indicatore significativo del sentiment interno o dei fondamentali a breve termine.

NorthWestern Energy Group (NWE) Formulario 4: El 01/08/2025, el director independiente Jeffrey W. Yingling recibió 731 unidades de acciones diferidas de acciones comunes bajo el plan de compensación para directores no empleados del tercer trimestre de 2025 de la compañía. La concesión está codificada como “A” (adquisición) y refleja un precio de referencia de $51.30 establecido el 30/06/2025; no se pagó efectivo ni hubo operaciones en el mercado abierto.

Tras esta concesión, Yingling posee directamente 21,157 acciones NWE, cifra que ya incluye acciones reinvertidas de dividendos. No se reportaron valores derivados en la Tabla II.

La presentación representa una concesión de acciones rutinaria y preestablecida que incrementa modestamente la propiedad interna. Aunque refuerza la alineación entre la junta y los accionistas, el tamaño (<0.002 % del flotante de ~50 millones de acciones) es demasiado pequeño para considerarse un indicador material del sentimiento interno o de los fundamentos a corto plazo.

NorthWestern Energy Group (NWE) 양식 4: 2025년 8월 1일, 독립 이사 제프리 W. 잉글링은 회사의 2025년 3분기 비임원 이사 보상 계획에 따라 731개의 이연 주식 단위를 받았습니다. 이 수여는 “A”(취득) 코드로 표시되며 2025년 6월 30일에 설정된 $51.30의 기준 가격을 반영합니다; 현금 지급이나 공개 시장 거래는 없었습니다.

이번 부여 후 잉글링은 배당금 재투자 주식을 포함하여 직접 21,157 NWE 주식을 보유하고 있습니다. 표 II에는 파생 증권이 보고되지 않았습니다.

이 제출은 내부자 소유권을 소폭 증가시키는 일상적이고 사전 조정된 주식 보상입니다. 이사회와 주주 간의 정렬을 강화하지만, 규모가 (~5천만 주 유통 주식의 0.002% 미만) 너무 작아 내부자 심리나 단기 펀더멘털의 중요한 지표로 간주되기 어렵습니다.

NorthWestern Energy Group (NWE) Formulaire 4 : Le 01/08/2025, l’administrateur indépendant Jeffrey W. Yingling a reçu 731 unités d’actions différées d’actions ordinaires dans le cadre du plan de rémunération des administrateurs non salariés pour le troisième trimestre 2025 de la société. Cette attribution est codée « A » (acquisition) et repose sur un prix de référence de 51,30 $ fixé au 30/06/2025 ; aucun paiement en espèces n’a été effectué et aucune transaction sur le marché ouvert n’a eu lieu.

Après cette attribution, Yingling détient directement 21 157 actions NWE, un nombre incluant déjà les actions issues du réinvestissement des dividendes. Aucun titre dérivé n’a été déclaré dans le Tableau II.

Cette déclaration représente une attribution d’actions préétablie et routinière qui augmente modestement la détention interne. Bien qu’elle renforce l’alignement entre le conseil d’administration et les actionnaires, la taille (<0,002 % d’un flottant d’environ 50 millions d’actions) est trop faible pour être considérée comme un indicateur significatif du sentiment des initiés ou des fondamentaux à court terme.

NorthWestern Energy Group (NWE) Formular 4: Am 01.08.2025 erhielt der unabhängige Direktor Jeffrey W. Yingling 731 aufgeschobene Aktienanteile von Stammaktien gemäß dem Vergütungsplan für nicht angestellte Direktoren des Unternehmens für das dritte Quartal 2025. Die Zuteilung ist mit „A“ (Erwerb) codiert und basiert auf einem Referenzpreis von 51,30 $, festgelegt am 30.06.2025; es wurde kein Bargeld gezahlt und kein Handel am offenen Markt durchgeführt.

Nach dieser Zuteilung besitzt Yingling direkt 21.157 NWE-Aktien, einschließlich der durch Dividenden wiederangelegten Aktien. In Tabelle II wurden keine Derivate gemeldet.

Die Meldung stellt eine routinemäßige, vorab vereinbarte Aktienzuteilung dar, die das Insider-Eigentum geringfügig erhöht. Obwohl sie die Ausrichtung zwischen Vorstand und Aktionären stärkt, ist die Größe (<0,002 % des etwa 50 Mio. Aktien umfassenden Streubesitzes) zu gering, um als wesentlicher Indikator für Insider-Stimmung oder kurzfristige Fundamentaldaten zu gelten.

Positive
  • Director ownership rises by 731 shares, incrementally aligning board incentives with shareholders.
  • Deferred share units vest post-service, fostering a long-term governance focus.
Negative
  • Grant is part of routine compensation rather than an open-market purchase, limiting its information value.
  • Size is immaterial to float; unlikely to influence stock supply-demand dynamics.

Insights

TL;DR: Routine director grant; negligible market impact, mildly positive for alignment.

The 731-unit award is worth roughly $37 k and lifts Yingling’s stake to ~21 k shares (~$1.1 M). Because the grant derives from a standing compensation plan, it carries little predictive value about future price action. Nonetheless, growing insider ownership marginally strengthens governance incentives. No liquidity, leverage or earnings implications arise from this event, so overall market effect is neutral.

TL;DR: Standard deferred share unit award; governance-friendly but immaterial.

Deferred share units convert only after board service ends, encouraging long-term alignment between directors and shareholders. The absence of derivative activity and the inclusion of dividend-reinvested shares provide transparency. However, the transaction is small relative to company size and does not change the power dynamics on the board or trigger any ownership thresholds. Investors should view it as routine housekeeping.

NorthWestern Energy Group (NWE) Modulo 4: Il 01/08/2025 il direttore indipendente Jeffrey W. Yingling ha ricevuto 731 unità di azioni differite di azioni ordinarie secondo il piano di compensazione per direttori non dipendenti del terzo trimestre 2025 della società. Il premio è contrassegnato con il codice “A” (acquisizione) e si basa su un prezzo di riferimento di 51,30 $ fissato al 30/06/2025; non è stato pagato denaro e non sono avvenute transazioni sul mercato aperto.

Dopo questa assegnazione, Yingling possiede direttamente 21.157 azioni NWE, cifra che include già le azioni ottenute tramite reinvestimento dei dividendi. Non sono stati segnalati titoli derivati nella Tabella II.

La comunicazione rappresenta un premio azionario di routine, predefinito, che aumenta modestamente la proprietà interna. Sebbene rafforzi l’allineamento tra consiglio e azionisti, la dimensione (<0,002% del flottante di circa 50 milioni di azioni) è troppo piccola per essere considerata un indicatore significativo del sentiment interno o dei fondamentali a breve termine.

NorthWestern Energy Group (NWE) Formulario 4: El 01/08/2025, el director independiente Jeffrey W. Yingling recibió 731 unidades de acciones diferidas de acciones comunes bajo el plan de compensación para directores no empleados del tercer trimestre de 2025 de la compañía. La concesión está codificada como “A” (adquisición) y refleja un precio de referencia de $51.30 establecido el 30/06/2025; no se pagó efectivo ni hubo operaciones en el mercado abierto.

Tras esta concesión, Yingling posee directamente 21,157 acciones NWE, cifra que ya incluye acciones reinvertidas de dividendos. No se reportaron valores derivados en la Tabla II.

La presentación representa una concesión de acciones rutinaria y preestablecida que incrementa modestamente la propiedad interna. Aunque refuerza la alineación entre la junta y los accionistas, el tamaño (<0.002 % del flotante de ~50 millones de acciones) es demasiado pequeño para considerarse un indicador material del sentimiento interno o de los fundamentos a corto plazo.

NorthWestern Energy Group (NWE) 양식 4: 2025년 8월 1일, 독립 이사 제프리 W. 잉글링은 회사의 2025년 3분기 비임원 이사 보상 계획에 따라 731개의 이연 주식 단위를 받았습니다. 이 수여는 “A”(취득) 코드로 표시되며 2025년 6월 30일에 설정된 $51.30의 기준 가격을 반영합니다; 현금 지급이나 공개 시장 거래는 없었습니다.

이번 부여 후 잉글링은 배당금 재투자 주식을 포함하여 직접 21,157 NWE 주식을 보유하고 있습니다. 표 II에는 파생 증권이 보고되지 않았습니다.

이 제출은 내부자 소유권을 소폭 증가시키는 일상적이고 사전 조정된 주식 보상입니다. 이사회와 주주 간의 정렬을 강화하지만, 규모가 (~5천만 주 유통 주식의 0.002% 미만) 너무 작아 내부자 심리나 단기 펀더멘털의 중요한 지표로 간주되기 어렵습니다.

NorthWestern Energy Group (NWE) Formulaire 4 : Le 01/08/2025, l’administrateur indépendant Jeffrey W. Yingling a reçu 731 unités d’actions différées d’actions ordinaires dans le cadre du plan de rémunération des administrateurs non salariés pour le troisième trimestre 2025 de la société. Cette attribution est codée « A » (acquisition) et repose sur un prix de référence de 51,30 $ fixé au 30/06/2025 ; aucun paiement en espèces n’a été effectué et aucune transaction sur le marché ouvert n’a eu lieu.

Après cette attribution, Yingling détient directement 21 157 actions NWE, un nombre incluant déjà les actions issues du réinvestissement des dividendes. Aucun titre dérivé n’a été déclaré dans le Tableau II.

Cette déclaration représente une attribution d’actions préétablie et routinière qui augmente modestement la détention interne. Bien qu’elle renforce l’alignement entre le conseil d’administration et les actionnaires, la taille (<0,002 % d’un flottant d’environ 50 millions d’actions) est trop faible pour être considérée comme un indicateur significatif du sentiment des initiés ou des fondamentaux à court terme.

NorthWestern Energy Group (NWE) Formular 4: Am 01.08.2025 erhielt der unabhängige Direktor Jeffrey W. Yingling 731 aufgeschobene Aktienanteile von Stammaktien gemäß dem Vergütungsplan für nicht angestellte Direktoren des Unternehmens für das dritte Quartal 2025. Die Zuteilung ist mit „A“ (Erwerb) codiert und basiert auf einem Referenzpreis von 51,30 $, festgelegt am 30.06.2025; es wurde kein Bargeld gezahlt und kein Handel am offenen Markt durchgeführt.

Nach dieser Zuteilung besitzt Yingling direkt 21.157 NWE-Aktien, einschließlich der durch Dividenden wiederangelegten Aktien. In Tabelle II wurden keine Derivate gemeldet.

Die Meldung stellt eine routinemäßige, vorab vereinbarte Aktienzuteilung dar, die das Insider-Eigentum geringfügig erhöht. Obwohl sie die Ausrichtung zwischen Vorstand und Aktionären stärkt, ist die Größe (<0,002 % des etwa 50 Mio. Aktien umfassenden Streubesitzes) zu gering, um als wesentlicher Indikator für Insider-Stimmung oder kurzfristige Fundamentaldaten zu gelten.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Yingling Jeffrey W.

(Last) (First) (Middle)
3010 W. 69TH STREET

(Street)
SIOUX FALLS SD 57108

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
NorthWestern Energy Group, Inc. [ NWE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/01/2025 A 731(1)(2) A $51.3(3) 21,157(4) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Third quarter stock grant for 2025 received pursuant to the NorthWestern Energy Group, Inc. compensation rate schedule for non-employee directors.
2. Represents underlying deferred share units that are issuable subsequent to the reporting person's termination of service from the company.
3. Grant price as of June 30, 2025. Shares issued as deferred share units on August 1, 2025.
4. Includes shares acquired from dividend reinvestment.
Remarks:
Emily L. Folsom, by power of attorney 08/01/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many NorthWestern Energy (NWE) shares did director Jeffrey Yingling acquire?

He received 731 deferred share units on 08/01/2025.

What is Jeffrey Yingling’s total NWE ownership after the Form 4 transaction?

His direct holdings increased to 21,157 shares.

Was the transaction an open-market purchase?

No. It was a pre-scheduled director compensation grant, coded as an acquisition (A).

At what price were the deferred share units granted?

The reference grant price was $51.30 as of 06/30/2025.

Did the filing report any derivative securities or options?

No derivative securities were reported in Table II.
Northwestern Corp

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