Welcome to our dedicated page for Northwestern SEC filings (Ticker: NWE), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The NorthWestern Energy Group, Inc. (NWE) SEC filings page brings together the company’s official disclosures as a regulated electric and natural gas utility. NorthWestern Energy, doing business as NorthWestern Energy, serves customers in Montana, South Dakota, Nebraska, and Yellowstone National Park, and its filings provide detailed insight into how it finances, operates, and governs this regulated utility business.
Investors can review Form 10-K annual reports and Form 10-Q quarterly reports for information on segment operations, electric and natural gas utility revenues, cost structures, regulatory environments, capital investment plans, and risk factors. These reports explain how rate reviews, environmental regulations, and legislative developments affect the company’s financial position and results.
NorthWestern Energy’s Form 8-K current reports are particularly important for tracking material events. Recent 8-K filings describe items such as the Agreement and Plan of Merger with Black Hills Corporation, term loan amendments, bond issuances by subsidiary NorthWestern Corporation, quarterly earnings announcements and guidance, and executive transitions. These filings outline key terms of financing arrangements, merger conditions, and other corporate actions.
Filings related to debt offerings, including Montana First Mortgage Bonds, detail maturity dates, interest rates, covenants, and intended uses of proceeds, such as funding capital expenditures, working capital, and general corporate purposes. Credit agreements and term loans are described with information on covenants, interest calculations, and events of default.
Users can also access proxy materials and governance-related filings, which provide information on board structure, executive compensation programs, and change-in-control arrangements that are relevant in the context of the pending merger with Black Hills Corporation.
Stock Titan enhances these documents with AI-powered summaries that highlight the most important points from lengthy filings, helping readers quickly understand earnings drivers, regulatory developments, financing terms, and merger provisions. Real-time updates from EDGAR ensure that new 10-Ks, 10-Qs, 8-Ks, and other forms are available as soon as they are filed, while specialized views of Form 4 insider transaction reports allow users to monitor trading activity by NorthWestern Energy’s officers and directors.
NorthWestern Energy Group, Inc. reported that President and CEO Brian B. Bird received a grant of 20,864 shares of common stock on February 27, 2026, tied to the vesting of performance units from the company’s 2023 Long-Term Incentive Program. The value reference for this award uses a share price of $68.45, which reflects the closing price on February 11, 2026, when the Board approved payout and vesting.
On the same date, 7,341 shares were disposed of to cover tax obligations through delivery of shares rather than an open-market sale. After these transactions, Bird directly owned 218,047 shares of NorthWestern Energy Group common stock, including shares accumulated via the Employee Stock Purchase Plan and dividend reinvestment.
NorthWestern Energy Group, Inc. VP and General Counsel Shannon Heim reported equity compensation activity in company common stock. On February 27, 2026, she acquired 2,818 shares at a reference price of $68.45 per share from the vesting of performance units granted under the company’s 2023 Long-Term Incentive Program.
On the same date, 892 shares were disposed of in a tax-withholding transaction, where shares were delivered to satisfy tax liabilities tied to the award. After these transactions, she directly owned 8,795 common shares, which the filing notes includes shares accumulated through the Employee Stock Purchase Plan and dividend reinvestment.
NorthWestern Energy Group, Inc. executive Bleau LaFave reported equity compensation activity involving company common stock. LaFave acquired 671 shares upon the 12/31/25 vesting of performance units granted under the company’s 2023 Long-Term Incentive Program, valued using the $68.45 closing price on 2/11/26 when the board approved payout and vesting. To cover tax obligations, 198 shares were disposed of through a tax-withholding transaction, leaving LaFave with 3,496 directly owned shares of common stock after these transactions.
NorthWestern Energy Group, Inc. VP and CFO Crystal Dawn Lail reported equity award activity in company common stock. On the vesting of performance units granted under the 2023 Long-Term Incentive Program, she acquired 6,186 shares, valued at a reference share price of 68.45 per share as of the Board’s approval date.
To cover tax obligations, 1,506 shares were disposed of through a tax-withholding transaction, not an open-market sale. Following these non-market transactions, she directly owns 35,081 shares of NorthWestern Energy common stock.
NorthWestern Energy Group, Inc. VP - Transmission Michael R. Cashell reported equity compensation transactions involving the company’s common stock. On February 27, 2026, he acquired 2,453 shares through the vesting of performance units granted under the company’s 2023 Long-Term Incentive Program, valued using a reference price of $68.45 per share. In a separate transaction the same day, 763 shares were disposed of to cover tax withholding obligations, recorded at a price of $0.00 per share, which reflects a non-cash tax payment rather than an open-market sale. After these transactions, Cashell directly owned 27,342 shares of NorthWestern Energy Group common stock.
NorthWestern Energy Group, Inc. Controller Jeffrey B. Berzina reported equity award activity involving company common stock. On 12/31/25, 938 shares were acquired upon vesting of performance units granted under the company’s 2023 Long-Term Incentive Program, using a reference price of $68.45 per share based on the 2/11/26 closing price approved by the Board. In a related tax-withholding disposition, 278 shares were surrendered to cover taxes due on the award. Following these transactions, Berzina directly owned 4,671 common shares, including amounts from participation in the company’s Employee Stock Purchase Plan.
NorthWestern Energy Group VP Jason Merkel reported stock-based compensation activity involving company common stock. He acquired 1,331 shares as a grant/award tied to the 12/31/25 vesting of performance units under the company’s 2023 Long-Term Incentive Program, using a share value of $68.45 set by the Board on 2/11/26. In a separate transaction the same day, 461 shares were disposed of to cover taxes through share withholding. After these award and tax-withholding transactions, Merkel directly holds 5,616 NorthWestern Energy Group common shares.
NorthWestern Energy Group, Inc. executive Bobbi L. Schroeppel reported equity compensation activity in company common stock. She acquired 2,464 shares as a grant/award upon 12/31/25 vesting of performance units granted under the company’s 2023 Long-Term Incentive Program, using a share price reference of $68.45. In a related tax-withholding disposition, 643 shares were surrendered to cover obligations, leaving her with 38,485 directly owned shares of common stock. Total holdings include shares accumulated through the Employee Stock Purchase Plan and dividend reinvestment.
NorthWestern Energy Group VP - Technology Jeanne Vold reported equity award-related transactions in company common stock. On the vesting of performance units from the 2023 Long-Term Incentive Program, she acquired 1,679 shares at a reference price of $68.45 per share and then disposed of 478 shares to cover tax obligations. After these award and tax-withholding transactions on February 27, 2026, she directly owned 14,221 shares of NorthWestern Energy Group common stock.
NorthWestern Energy Group President and CEO Brian B. Bird received an equity award and related tax withholding adjustment. He acquired 2,587 shares of common stock on a grant or award basis at a reference price of $68.45 per share, tied to performance units under the company’s 2020 Executive Retirement-Retention Plan that vested on 12/31/25. To cover taxes, 60 shares were disposed of through a tax-withholding transaction, leaving him with 204,524 directly owned shares, which include deferred share units and shares accumulated through the Employee Stock Purchase Plan and dividend reinvestment.