NorthWestern Energy (NWE) awards director Jeffrey Yingling 524 deferred stock units

Rhea-AI Filing Summary

Yingling Jeffrey W. reported acquisition or exercise transactions in this Form 4 filing.

NorthWestern Energy Group, Inc. director Jeffrey W. Yingling received a grant of 524 shares of common stock, reported as deferred share units, as his third‑quarter 2026 stock grant under the company’s compensation schedule for non‑employee directors at a grant price of $71.62 per share. Following this award, he directly holds 24,349 shares, including underlying deferred share units issuable after his service ends and shares accumulated through dividend reinvestment.

Insider Trade Summary

Net Buyer: 524 shares

Net Buy 1 txn

Insider Yingling Jeffrey W.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1, F2, F3, F4	524	$71.62	$38K

Holdings After Transaction: Common Stock — 24,349 shares (Direct)

Footnotes (4)

1. F1. Third quarter stock grant for 2026 received pursuant to the NorthWestern Energy Group, Inc. compensation rate schedule for non-employee directors.
2. F2. Includes underlying deferred share units that are issuable subsequent to the reporting person's termination of service from the company.
3. F3. Grant price as of June 30, 2026. Shares issued as deferred share units on August 4, 2026.
4. F4. Includes shares acquired from dividend reinvestment.

Key Figures

Stock grant: 524 shares Grant price: $71.62 per share Holdings after grant: 24,349 shares

3 metrics

Stock grant 524 shares Third quarter 2026 stock grant to non-employee director Jeffrey W. Yingling

Grant price $71.62 per share Grant price as of June 30, 2026 for the deferred share unit award

Holdings after grant 24,349 shares Total direct holdings after the August 4, 2026 deferred share unit grant

Key Terms

deferred share units, dividend reinvestment, non-employee directors, grant price

4 terms

deferred share units financial

"Shares issued as deferred share units on August 4, 2026."

Deferred share units are promises that give an executive or director the right to receive company shares or their cash value at a future date, often when they retire or leave the company. Think of them as a paycheck held in a savings account that converts into stock later; they matter to investors because they tie pay to long-term performance, create potential future dilution of shares, and represent a delayed cash or share obligation the company must eventually fulfill.

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.

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.

grant price financial

"Grant price as of June 30, 2026."

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

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FAQ

What insider transaction did Jeffrey W. Yingling report for NorthWestern Energy (NWE)?

Jeffrey W. Yingling reported receiving a grant of 524 deferred share units of NorthWestern Energy common stock. This was his third‑quarter 2026 stock grant under the compensation schedule for non‑employee directors, increasing his direct holdings to 24,349 shares including dividend reinvestment.

Was the NorthWestern Energy (NWE) grant to Jeffrey W. Yingling an open-market purchase?

No, the 524 shares reported by Jeffrey W. Yingling were a stock grant, not an open‑market purchase. They were awarded under NorthWestern Energy’s compensation rate schedule for non‑employee directors and issued as deferred share units rather than bought on the market.

What price was used for Jeffrey W. Yingling’s NorthWestern Energy (NWE) stock grant?

The grant used a price of $71.62 per share, identified as the grant price as of June 30, 2026. The related shares were issued on August 4, 2026 as deferred share units credited to Jeffrey W. Yingling’s director account.

How many NorthWestern Energy (NWE) shares does Jeffrey W. Yingling hold after this grant?

After the third‑quarter 2026 grant, Jeffrey W. Yingling directly holds 24,349 shares of NorthWestern Energy common stock. This figure includes underlying deferred share units issuable after his service ends and additional shares acquired through dividend reinvestment.

How is the third-quarter 2026 grant for NorthWestern Energy (NWE) directors structured?

The third‑quarter 2026 director compensation consists of a stock grant of 524 shares for Jeffrey W. Yingling, delivered as deferred share units. These units are generally issuable after termination of service, and related holdings include shares accumulated via dividend reinvestment.

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 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)
08/04/2026

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	08/04/2026		A		524(1)(2)	A	$71.62(3)	24,349(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 2026 received pursuant to the NorthWestern Energy Group, Inc. compensation rate schedule for non-employee directors.

2. Includes 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, 2026. Shares issued as deferred share units on August 4, 2026.

4. Includes shares acquired from dividend reinvestment.

Remarks:

	Emily L. Folsom, by power of attorney	08/05/2026
	** 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)