NorthWestern Energy Group (NWE) awards 524-share stock grant to director Larson

Rhea-AI Filing Summary

Larson Kent T reported acquisition or exercise transactions in this Form 4 filing.

NorthWestern Energy Group, Inc. director Kent T. Larson received a stock grant of 524 shares of common stock on July 9, 2026. The grant, valued at $71.62 per share, represents his third-quarter 2026 stock award under the compensation rate schedule for non-employee directors. Following this award, Larson directly holds 12,041 shares of NorthWestern Energy Group common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Larson Kent T

Role Director

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

Holdings After Transaction: Common Stock — 12,041 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 524 shares Grant value per share: $71.62 per share Post-transaction holdings: 12,041 shares +1 more

4 metrics

Shares granted 524 shares Third quarter 2026 stock grant to non-employee director Kent T. Larson

Grant value per share $71.62 per share Per-share value used for the July 9, 2026 stock grant

Post-transaction holdings 12,041 shares Common stock directly held by Kent T. Larson after the grant

Transaction date July 9, 2026 Date of the stock grant reported on Form 4

Key Terms

stock grant, compensation rate schedule, non-employee directors

3 terms

stock grant financial

"Third quarter stock grant for 2026 received pursuant to the NorthWestern Energy Group"

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.

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FAQ

What insider transaction did NorthWestern Energy Group (NWE) report for Kent T. Larson?

NorthWestern Energy Group reported that director Kent T. Larson received a grant of 524 shares of common stock on July 9, 2026 as part of his non-employee director compensation.

Was the Kent T. Larson Form 4 transaction in NWE stock a market purchase or a grant?

The Form 4 shows a grant/award acquisition of 524 shares of NorthWestern Energy Group common stock, not an open-market purchase, and it is described as a third quarter 2026 stock grant for a non-employee director.

At what price was Kent T. Larson’s NWE stock grant valued?

The 524-share stock grant to Kent T. Larson was valued at $71.62 per share. This price reflects the per-share value used in the grant reported for his non-employee director compensation for the third quarter of 2026.

How many NorthWestern Energy Group (NWE) shares does Kent T. Larson hold after this grant?

After the July 9, 2026 stock grant, Kent T. Larson directly holds 12,041 shares of NorthWestern Energy Group common stock, according to the post-transaction holdings figure disclosed in the Form 4 filing.

What is the purpose of the NWE stock grant to Kent T. Larson reported in this Form 4?

The filing states the 524-share grant is a third quarter 2026 stock grant received under NorthWestern Energy Group’s compensation rate schedule for non-employee directors, indicating it is routine equity compensation for board service.

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^*

Larson Kent T

(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	12,041	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)