NorthWestern Energy director receives stock grant

YAZDI MAHVASH reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

YAZDI MAHVASH reported acquisition or exercise transactions in this Form 4 filing.

NorthWestern Energy Group, Inc. director Mahvash Yazdi received a stock award of 569 shares of common stock at an indicated value of $65.94 per share. This was a second quarter 2026 stock grant made under the company’s compensation rate schedule for non-employee directors.

Following this grant and prior dividend reinvestment activity, Yazdi directly holds 22,291 common shares. The transaction reflects routine equity-based director compensation rather than an open-market stock purchase.

Insider Trade Summary

Grant/Award: 569 shares

Grant/Award 1 txn

Insider YAZDI MAHVASH

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	569	$65.94	$38K

Holdings After Transaction: Common Stock — 22,291 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: 569 shares Grant value per share: $65.94 per share Total shares after grant: 22,291 shares +1 more

4 metrics

Stock grant size 569 shares Second quarter 2026 non-employee director grant

Grant value per share $65.94 per share Reported transaction price for the stock award

Total shares after grant 22,291 shares Director Mahvash Yazdi direct holdings following transaction

Transaction direction Acquisition via grant/award Form 4 code A and transaction description

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 (NWE) disclose about Mahvash Yazdi in this Form 4?

NorthWestern Energy reported that director Mahvash Yazdi received a grant of 569 shares of common stock. The shares were awarded as part of the second quarter 2026 compensation program for non-employee directors, increasing her direct holdings to 22,291 shares overall.

Is Mahvash Yazdi’s NorthWestern Energy (NWE) stock award an open-market purchase?

No, Mahvash Yazdi’s 569-share transaction is a stock grant, not an open-market purchase. The Form 4 labels it as a grant or award under the company’s non-employee director compensation schedule, reflecting routine equity compensation rather than a discretionary market trade.

How many NorthWestern Energy (NWE) shares does Mahvash Yazdi own after this grant?

After receiving the 569-share stock grant, Mahvash Yazdi directly holds 22,291 shares of NorthWestern Energy common stock. This total also includes shares she previously acquired through dividend reinvestment, as noted in the Form 4 footnotes filed with the SEC.

What is the indicated value of Mahvash Yazdi’s NorthWestern Energy (NWE) stock grant?

The Form 4 reports an indicated price of $65.94 per share for the 569-share stock grant. This figure is typically used for reporting and valuation of equity awards, and reflects the grant value rather than a price paid in an open-market transaction.

Why did NorthWestern Energy (NWE) grant shares to non-employee director Mahvash Yazdi?

NorthWestern Energy granted 569 shares to Mahvash Yazdi under its compensation rate schedule for non-employee directors. The second quarter 2026 stock grant is part of the company’s standard director compensation program, aligning director interests with shareholders through equity ownership.

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

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Accepted by SEC EDGAR 04/07/2026 - 12:53 PM Learn about SEC filing dates

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^*

YAZDI MAHVASH

(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		569(1)	A	$65.94	22,291(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)