NorthWestern director gets Q2 2026 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 director Sherina M. Edwards received a stock grant of 569 shares of Common Stock as part of her 2026 second quarter compensation. The grant was made at $65.94 per share under the company’s compensation rate schedule for non-employee directors, bringing her direct holdings to 9,454 shares.

Insider Trade Summary

Grant/Award: 569 shares

Grant/Award 1 txn

Insider Edwards Sherina M.

Role Director

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

Holdings After Transaction: Common Stock — 9,454 shares (Direct)

Footnotes (1)

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

Key Figures

Stock grant size: 569 shares Grant price per share: $65.94 per share Shares held after grant: 9,454 shares

3 metrics

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

Grant price per share $65.94 per share Reported transaction price for the 569-share award

Shares held after grant 9,454 shares Total Common Stock directly owned after the transaction

Key Terms

Common Stock, non-employee directors, stock grant, compensation rate schedule

4 terms

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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.

stock grant financial

"Second quarter stock grant for 2026 received"

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.

compensation rate schedule financial

"pursuant to the ... compensation rate schedule for non-employee directors"

FAQ

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

What insider transaction did NorthWestern Energy (NWE) report for Sherina M. Edwards?

NorthWestern Energy reported that director Sherina M. Edwards received a grant of 569 shares of Common Stock. The award was made as her second quarter 2026 stock grant under the company’s compensation rate schedule for non-employee directors, increasing her direct holdings to 9,454 shares.

Was the NorthWestern Energy (NWE) Edwards transaction an open-market stock purchase?

No, the filing shows Sherina M. Edwards acquired 569 shares through a grant or award, not an open-market purchase. The footnote explains it is a second quarter 2026 stock grant under the compensation rate schedule for non-employee directors, reflecting routine board compensation.

How many NorthWestern Energy (NWE) shares does Sherina M. Edwards now hold?

After receiving the 569-share stock grant, Sherina M. Edwards directly holds 9,454 shares of NorthWestern Energy Common Stock. This total is reported in the Form 4 as the number of shares beneficially owned following the transaction, reflecting her updated direct ownership position as a director.

What is the reported price for Sherina M. Edwards’ NorthWestern Energy (NWE) stock grant?

The grant of 569 shares to Sherina M. Edwards is reported at $65.94 per share. This price is shown as the transaction price per share in the Form 4 and typically reflects the fair market value used for the non-employee director’s stock compensation award.

Why did Sherina M. Edwards receive a NorthWestern Energy (NWE) stock grant?

According to the footnote, the 569-share grant is her second quarter 2026 stock grant under NorthWestern Energy Group’s compensation rate schedule for non-employee directors. It represents part of her regular board compensation, paid in company Common Stock rather than cash.

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

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Accepted by SEC EDGAR 04/07/2026 - 12:59 PM 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)
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	9,454	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.

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)