Jones Marne M 4

What Happened
Marne M. Jones, Senior Vice President — Utilities at Black Hills Corp (BKH), was awarded 835 shares on 2026-02-12 under the company’s performance share plan. The award is recorded at $73.21 per share (total value ≈ $61,130). At the same time, 334.337 shares were surrendered/withheld at $73.21 per share (≈ $24,477) to satisfy tax withholding obligations related to the payout.

Key Details

• Transaction date(s): 2026-02-12; filing date: 2026-02-13 (Form 4). Filing appears timely.
• Award: 835 shares @ $73.21 (code A) — value ≈ $61,130.
• Tax withholding: 334.337 shares @ $73.21 (code F) — value ≈ $24,477 (disposed to cover taxes).
• Footnotes: Shares were issued under the 2023–2025 Performance Share Plan within the Company’s Omnibus Incentive Plan; the withheld shares were used to pay withholding taxes for that payout.
• Shares owned following the transaction: not specified in the filing.

Context
This was a performance-based equity award (not an open-market purchase or voluntary sale). The withholding of shares to cover taxes is a common administrative step when restricted or performance shares vest and does not represent a market sale for cash proceeds. Such awards reflect compensation delivery rather than a direct trading signal about the executive’s view of the stock.