NorthWestern Energy director receives stock grant

Edwards Sherina M. reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Edwards Sherina M. reported acquisition or exercise transactions in this Form 4 filing.

NorthWestern Energy Group, Inc. director Sherina M. Edwards received a third-quarter 2026 stock grant of 524 shares of Common Stock under the company’s compensation rate schedule for non-employee directors. Following this grant, she holds 9,978 shares of NorthWestern Energy Group common stock directly.

Insider Trade Summary

Grant/Award: 524 shares

Grant/Award 1 txn

Insider Edwards Sherina M.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	524	$71.62	$38K

Holdings After Transaction: Common Stock — 9,978 shares (Direct)

Footnotes (1)

1. F1. Third quarter stock grant for 2026 received pursuant to the NorthWestern Energy Group, Inc. compensation rate schedule for non-employee directors.

Key Figures

Shares Granted: 524 shares Grant Value Per Share: $71.62 per share Total Holdings After Grant: 9,978 shares +1 more

4 metrics

Shares Granted 524 shares Third quarter stock grant for 2026 to non-employee director Sherina M. Edwards

Grant Value Per Share $71.62 per share Indicated value for the 524-share Common Stock grant on July 9, 2026

Total Holdings After Grant 9,978 shares Direct ownership of NorthWestern Energy Group common stock after the reported transaction

Transaction Date July 9, 2026 Date of the grant, award, or other acquisition of Common Stock

Key Terms

Grant, award, or other acquisition, compensation rate schedule, non-employee directors

3 terms

Grant, award, or other acquisition financial

"transaction code description is "Grant, award, or other acquisition""

compensation rate schedule financial

"received pursuant to the NorthWestern Energy Group, Inc. compensation rate schedule"

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.

FAQ

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

What did NorthWestern Energy Group (NWE) director Sherina M. Edwards report on this Form 4?

Director Sherina M. Edwards reported a grant of 524 shares of NorthWestern Energy Group common stock as a third quarter 2026 stock grant under the compensation schedule for non-employee directors, increasing her direct holdings to 9,978 shares.

Was the NorthWestern Energy Group (NWE) Form 4 transaction a market purchase or sale?

The Form 4 reports a grant/award acquisition of 524 shares, not a market purchase or sale. It reflects director compensation under NorthWestern Energy Group’s compensation rate schedule for non-employee directors, rather than an open-market trade.

How many NorthWestern Energy Group (NWE) shares does Sherina M. Edwards own after the reported grant?

After the reported grant, Sherina M. Edwards directly owns 9,978 shares of NorthWestern Energy Group common stock. This total includes the 524-share third-quarter 2026 stock grant received as part of non-employee director compensation.

What is the size and implied value of the NorthWestern Energy Group (NWE) stock grant to Sherina M. Edwards?

The grant consists of 524 shares of common stock at an indicated value of $71.62 per share. This represents routine director equity compensation for the third quarter of 2026 under NorthWestern Energy Group’s non-employee director schedule.

What does the footnote in the NorthWestern Energy Group (NWE) Form 4 filing explain?

The footnote explains that the 524-share award is a third quarter 2026 stock grant received under NorthWestern Energy Group’s compensation rate schedule for non-employee directors, clarifying that the transaction arises from director compensation, not discretionary trading.

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

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Accepted by SEC EDGAR 07/13/2026 - 11:27 AM EDT 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^*

Edwards Sherina M.

(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)
07/09/2026

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	07/09/2026		A		524(1)	A	$71.62	9,978	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 2026 received pursuant to the NorthWestern Energy Group, Inc. compensation rate schedule for non-employee directors.

Remarks:

	Emily L. Folsom, by power of attorney	07/09/2026
	** 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)