NorthWestern Energy (NWE) VP LaFave Bleau reports 89-share insider transaction

Rhea-AI Filing Summary

NorthWestern Energy Group, Inc. officer files insider transaction report. Company executive LaFave Bleau, who serves as VP - Business Development & Asset Management, reported a disposition of 89 shares of NorthWestern Energy Group, Inc. common stock on January 22, 2026, coded as transaction type "F" at a price of $64.54 per share. Following this transaction, the reporting person directly beneficially owns 2,722 shares of the company’s common stock.

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

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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^*

LaFave Bleau

(Last) (First) (Middle)

3010 W. 69TH STREET

(Street)

SIOUX FALLS SD 57108

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NorthWestern Energy Group, Inc. [ NWE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP - Bus Dvlpmt & Asset Mgmt

3. Date of Earliest Transaction (Month/Day/Year)
01/22/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	01/22/2026		F		89	D	$64.54	2,722	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:

Remarks:

	Emily L. Folsom, by power of attorney	01/22/2026
	** 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.

FAQ

What insider transaction did NorthWestern Energy Group (NWE) report for LaFave Bleau?

LaFave Bleau, an officer of NorthWestern Energy Group, Inc., reported a disposition of 89 shares of common stock on January 22, 2026, coded as transaction type "F" at $64.54 per share.

How many NorthWestern Energy (NWE) shares does LaFave Bleau own after this Form 4 transaction?

After the reported transaction, LaFave Bleau beneficially owns 2,722 shares of NorthWestern Energy Group, Inc. common stock, held in direct ownership.

What role does LaFave Bleau hold at NorthWestern Energy Group (NWE)?

LaFave Bleau is an officer of NorthWestern Energy Group, Inc., serving as VP - Business Development & Asset Management, as disclosed in the filing.

Was the NorthWestern Energy (NWE) Form 4 filed for multiple insiders or a single reporting person?

The Form 4 was filed by one reporting person, LaFave Bleau, rather than a group or multiple insiders.

What does transaction code "F" mean in the NorthWestern Energy (NWE) Form 4?

The Form 4 lists the transaction as code "F". This is the code reported in the filing for the 89-share disposition at $64.54 per share.

Is LaFave Bleau a 10% owner or director of NorthWestern Energy Group (NWE)?

No. The filing identifies LaFave Bleau as an officer of NorthWestern Energy Group, Inc. and does not indicate status as a director or 10% owner.