NorthWestern Energy director gets 834-share stock grant

Sullivan Linda G reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 04/07/2026 - 12:54 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Sullivan Linda G reported acquisition or exercise transactions in this Form 4 filing.

NorthWestern Energy Group director Linda G. Sullivan received a stock grant of 834 shares of common stock at $65.94 per share. This second-quarter 2026 grant was issued under the company’s compensation rate schedule for non-employee directors.

After this award and including shares from dividend reinvestment, Sullivan directly holds 33,650 shares of NorthWestern Energy Group common stock.

Insider Trade Summary

Grant/Award: 834 shares

Grant/Award 1 txn

Insider Sullivan Linda G

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	834	$65.94	$55K

Holdings After Transaction: Common Stock — 33,650 shares (Direct)

Holdings Before and After: Common Stock, 32,816 to 33,650 shares (Direct)

Footnotes (2)

1. F1. Second quarter stock grant for 2026 received pursuant to the NorthWestern Energy Group, Inc. compensation rate schedule for non-employee directors.
2. F2. Includes shares acquired from dividend reinvestment.

Key Figures

Stock grant size: 834 shares Grant valuation price: $65.94 per share Post-transaction holdings: 33,650 shares

3 metrics

Stock grant size 834 shares Second-quarter 2026 non-employee director grant

Grant valuation price $65.94 per share Value used for the 834-share stock award

Post-transaction holdings 33,650 shares Total common shares directly held after award, including dividend reinvestment

Key Terms

non-employee directors, dividend reinvestment, stock grant

3 terms

non-employee directors financial

"compensation rate schedule for non-employee directors"

Non-employee directors are board members who do not work for the company as salaried employees and usually do not hold day-to-day management roles. They act like outside referees or independent coaches, providing oversight, asking tough questions, and protecting shareholders’ interests; investors care because these directors help ensure management is accountable, reduce conflicts of interest, and influence decisions that affect company strategy and long-term value.

dividend reinvestment financial

"Includes shares acquired from dividend reinvestment."

Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.

stock grant financial

"Second quarter stock grant for 2026 received pursuant to the NorthWestern Energy Group, Inc. compensation rate schedule"

A stock grant is an award of company shares given to an individual, often as part of compensation for employees or executives. It matters to investors because grants can change the number of shares outstanding (dilution) and signal how company leaders are being paid and motivated—think of it like receiving a slice of the company as part of your paycheck, which can affect ownership and future share supply.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did NorthWestern Energy Group (NWE) director Linda Sullivan report on this Form 4?

Linda G. Sullivan reported receiving a grant of 834 shares of NorthWestern Energy Group common stock. The shares were awarded as part of the second-quarter 2026 compensation schedule for non-employee directors, reflecting routine equity-based board compensation rather than an open-market purchase.

Was Linda Sullivan’s NorthWestern Energy (NWE) transaction a market buy or a stock award?

The transaction was a stock award, not a market purchase. Sullivan acquired 834 shares coded as a grant or award at $65.94 per share, consistent with NorthWestern Energy Group’s compensation rate schedule for non-employee directors for the second quarter of 2026.

How many NorthWestern Energy Group (NWE) shares does Linda Sullivan hold after this grant?

Following the reported transaction, Linda G. Sullivan directly holds 33,650 shares of NorthWestern Energy Group common stock. This total includes the newly granted 834 shares as well as additional shares previously acquired through dividend reinvestment, according to the disclosure footnotes.

What is the size and price of Linda Sullivan’s 2026 Q2 stock grant at NorthWestern Energy (NWE)?

The second-quarter 2026 stock grant to Linda G. Sullivan comprised 834 shares of NorthWestern Energy Group common stock. The filing reports a transaction price of $65.94 per share, reflecting the value used for this non-employee director equity compensation award under the company’s compensation schedule.

Does Linda Sullivan’s Form 4 for NorthWestern Energy (NWE) indicate any stock sales?

The Form 4 reports only an acquisition via stock grant, with no sales. The filing shows a single transaction coded as a grant or award of 834 common shares, increasing Sullivan’s direct holdings to 33,650 shares, without any dispositions or open-market selling activity disclosed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Sullivan Linda G

(Last) (First) (Middle)

3010 W 69TH STREET

(Street)

SIOUX FALLS SOUTH DAKOTA 57108

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/07/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	04/07/2026		A		834(1)	A	$65.94	33,650(2)	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. Second quarter stock grant for 2026 received pursuant to the NorthWestern Energy Group, Inc. compensation rate schedule for non-employee directors.

2. Includes shares acquired from dividend reinvestment.

Remarks:

	Emily L. Folsom, by power of attorney	04/07/2026
	** 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.
* Form 4: SEC 1474 (03-26)