Jones Marne M 4

What Happened
Marne M. Jones, Senior Vice President — Utilities at Black Hills Corp (BKH), was granted 4,106 restricted shares on 2026-02-06 (reported as an award/acquisition). To satisfy tax withholding obligations tied to prior restricted stock vesting, Jones had 1,417.774 shares withheld on 2026-02-07 at $72.30 ($102,505), and two withholding transactions on 2026-02-09 totaling 380.113 shares (104.368 + 275.745) at $71.48 ($7,460 and $19,710). Total value of shares withheld for taxes was $129,675. Net shares retained from the new grant = 4,106 − 1,797.887 ≈ 2,308.113 shares.

Key Details

• Primary grant: 4,106 restricted shares received (code A) on 2026-02-06 (acquisition price $0.00 as an award).
• Withholdings (code F):
  • 2026-02-07: 1,417.774 shares @ $72.30 = $102,505
  • 2026-02-09: 104.368 shares @ $71.48 = $7,460
  • 2026-02-09: 275.745 shares @ $71.48 = $19,710
• Total withheld to cover taxes: $129,675 (≈1,797.887 shares).
• Net shares retained from the grant: ≈2,308.113 shares.
• Footnotes: F1 = restricted stock grant under the company’s Incentive Compensation Plan; F2–F4 = shares used to pay tax withholding for restricted stock vesting from grants dated 2-7-2025, 2-9-2023, and 2-9-2024, respectively.
• Filing: Report filed 2026-02-10 for transactions on 2026-02-06 to 2026-02-09 — appears timely (within the usual 2-business-day Form 4 window).
• The Form 4 does not provide Jones’s total shareholdings after the transactions; only the grant and withholding amounts are reported.

Context
This filing reflects an award of restricted stock and routine tax-withholding (not an open-market sale). Withholding shares to cover taxes is a common administrative step when restricted stock vests and does not necessarily indicate a change in insider sentiment. The primary action is an acquisition (award) of shares by the insider.