NorthWestern Energy director receives 548-share grant

The grant includes deferred share units that are issuable after the director's termination of service.

Rhea-AI Filing Summary

NorthWestern Energy Group, Inc. (NWE) director Jeffrey W. Yingling acquired 548 shares of common stock on October 1, 2026, as a fourth-quarter 2026 stock grant under the compensation rate schedule for non-employee directors. The transaction lists a price of $68.38 per share; the grant includes underlying deferred share units issuable after termination of service. Yingling’s reported direct holdings following the transaction were 25,121 shares, including shares acquired from dividend reinvestment.

Insider Trade Summary

Grant/Award: 548 shares

Grant/Award 1 txn

Insider Yingling Jeffrey W.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1, F2, F3	548	$68.38	$37K

Holdings After Transaction: Common Stock — 25,121 shares (Direct)

Footnotes (3)

1. F1. Fourth 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. Includes shares acquired from dividend reinvestment.

Key Figures

Stock grant: 548 shares Price per share: $68.38 per share Direct holdings following transaction: 25,121 shares

3 metrics

Stock grant 548 shares Fourth-quarter 2026 grant reported October 1, 2026

Price per share $68.38 per share Reported for the October 1, 2026 stock grant

Direct holdings following transaction 25,121 shares Includes shares acquired from dividend reinvestment

Key Terms

deferred share units, compensation rate schedule, dividend reinvestment

3 terms

deferred share units financial

"Includes underlying deferred share units"

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.

compensation rate schedule financial

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

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.

FAQ

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

How many NWE shares did director Jeffrey W. Yingling acquire?

Jeffrey W. Yingling acquired 548 shares on October 1, 2026, as a fourth-quarter 2026 stock grant under the compensation rate schedule for non-employee directors. The transaction lists a price of $68.38 per share.

What were Jeffrey W. Yingling's reported NWE holdings after the grant?

Yingling reported direct holdings of 25,121 shares following the transaction. The reported holdings include shares acquired from dividend reinvestment.

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

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Available on EDGAR 10/05/2026 - 05:23 PM Accepted by SEC EDGAR 10/05/2026 - 05:23 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^*

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)
10/01/2026

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	10/01/2026		A		548(1)(2)	A	$68.38	25,121(3)	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. Fourth 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. Includes shares acquired from dividend reinvestment.

Remarks:

	Emily L. Folsom, by power of attorney	10/05/2026
	** 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)