Wiltse Sarah 4

What Happened

• Sarah Wiltse, Senior Vice President and Chief Human Resources Officer of Black Hills Corp (BKH), was granted 2,327 restricted shares on 2026-02-06 (award code A) at $0.00 per share.
• On 2026-02-07, 201.027 shares were disposed (code F) as tax withholding at $72.30 per share, with a reported value of $14,534. This withholding was used to cover tax liability associated with prior restricted stock vesting.

Key Details

• Transaction dates and prices:
  • 2026-02-06: Restricted stock grant — 2,327 shares @ $0.00 (grant/acquisition).
  • 2026-02-07: Tax withholding — 201.027 shares disposed @ $72.30 = $14,534.
• Footnotes:
  • F1: Shares were acquired through a Restricted Stock Grant under the company’s Incentive Compensation Plan.
  • F2: The withheld shares were used to pay tax withholding associated with restricted stock vesting from a 2-7-2025 grant.
• Shares owned after transaction: Not disclosed in the provided filing.
• Filing timeliness: Report filed 2026-02-10 for transactions on 2/6 and 2/7 — appears to be filed within the SEC’s two-business-day Form 4 requirement.

Context

• The award (A) is a typical restricted stock grant; the subsequent disposition (F) represents shares withheld to satisfy tax obligations, not an open-market sale. Such withholding is routine and doesn’t necessarily indicate insider sentiment about the company’s stock.