Nooney Kimberly F 4

What Happened

• Kimberly F. Nooney, SVP & CFO of Black Hills Corp (BKH), was awarded 2,006 shares under the company's 2023–2025 Performance Share Plan on 2026-02-12 at an attributed value of $73.21 per share (total $146,859). At the same time, 805.815 shares were withheld to satisfy tax withholding obligations at the same price ($58,994), leaving a net issuance of 1,200.185 shares to Nooney (net value ≈ $87,866).
• This transaction reflects a compensation award (code A) with shares used to cover tax withholding (code F), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-12; Form 4 filed 2026-02-13 reporting that date.
• Award: 2,006 shares @ $73.21 (total $146,859) — Footnote F1: issued under the 2023–2025 Performance Share Plan (Omnibus Incentive Plan).
• Withholding: 805.815 shares @ $73.21 (total ~$58,994) used to pay taxes — Footnote F2: tax withholding for the Performance Shares payout.
• Net shares retained by insider after withholding: 1,200.185 shares (filing does not state total shares owned after this transaction).
• No late-filing flag indicated on the reported Form 4.

Context

• These are performance-share awards (company compensation) rather than purchases or sales; withholding shares to cover taxes is a common, administrative practice (a cashless-type settlement) and does not necessarily signal a buy/sell decision by the insider.
• Retail investors often view awarded shares as part of executive pay alignment with company performance; they should consider this alongside other insider trades and company fundamentals.