Welcome to our dedicated page for NorthWestern Energy Group 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.
NorthWestern Energy Group, Inc.'s SEC filings document the formal disclosures of a regulated electric and natural gas utility with operations in Montana, South Dakota, Nebraska, and Yellowstone National Park. The record includes 8-K reports on operating results, Regulation FD presentations, material agreements, capital-structure actions, and annual meeting voting results.
Proxy and governance filings cover director elections, auditor ratification, executive compensation votes, board matters, and shareholder voting mechanics. Debt-related disclosures include NorthWestern Corporation financing arrangements, including Montana First Mortgage Bonds, indenture terms, secured-debt ranking, and intended uses of proceeds. The filings also address utility business risks, financial condition, and corporate governance for the public parent company.
NorthWestern Energy Group, Inc. reported that its stockholders approved the proposed all-stock merger with Black Hills Corp. at a Special Meeting held on April 2, 2026. Shareholders representing 52,543,649 common shares, about 85 percent of the 61,443,620 shares outstanding and entitled to vote, were present in person or by proxy.
Stockholders voted overwhelmingly to adopt the Merger Agreement, approve on an advisory basis the merger-related compensation for named executive officers, and authorize potential adjournment of the meeting. Upon closing, Black Hills and NorthWestern Energy plan to combine as Bright Horizon Energy Corporation, a regulated energy company serving customers across eight states, subject to federal and state regulatory approvals and other customary closing conditions, with completion expected in the second half of 2026.
Northwestern Energy Group Inc: An amendment to Schedule 13G/A reports that The Vanguard Group holds 0 shares of Common Stock and beneficial ownership of 0%. The filing explains an internal realignment effective January 12, 2026 under SEC Release No. 34-39538, with certain Vanguard subsidiaries reporting separately. The filing is signed by Ashley Grim on 03/27/2026.
NorthWestern Energy Group, Inc. is asking shareholders to vote at a virtual annual meeting on April 30, 2026, on three items: electing nine directors, ratifying Deloitte & Touche LLP as 2026 auditor, and approving named executive officer compensation on an advisory basis.
The proxy highlights a planned all‑stock, tax‑free merger of equals with Black Hills Corporation, expected to create a utility serving about 2.1 million customers with roughly $9.8 billion market capitalization and $18 billion enterprise value, and to be accretive to earnings per share in the first year.
For 2025, basic EPS fell 19.4% to $2.95, while total shareholder return was 26.4% and the dividend was $2.64 per share, a 4.1% yield at year‑end. Executive pay remains heavily performance‑based, with about 80% of CEO compensation and roughly 60% of other named executive officer pay at risk, and a 2025 CEO pay ratio of 37:1. Shareholders previously supported 2024 pay with 98.3% approval. Governance features include an independent board chair, eight of nine directors independent, fully independent key committees, and 2025 Deloitte fees totaling $2,087,866.
NorthWestern Energy Group vice president John D. Hines reported routine equity compensation activity. He acquired 1,354 shares of common stock on March 3, 2026, valued at $68.45 per share, upon the December 31, 2025 vesting of performance units granted under the company's 2020 Executive Retirement-Retention Plan.
On the same date, 398 shares were disposed of to cover tax withholding, leaving him with 41,972 directly held shares. The reported holdings include shares previously acquired through dividend reinvestment.
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.