Black Hills (BKH) Director Scott Prochazka Receives RSU Award

What Happened
Scott M. Prochazka, a non‑employee director of Black Hills Corp (BKH), was granted 1,921 restricted stock units (RSUs) on May 1, 2026. The Form 4 reports this as an award/acquisition (code A); no per‑share price or cash value is shown on the filing. This is a compensation award to a director rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-05-01; Form 4 filed: 2026-05-04 (filed within the normal two business‑day window).
• Securities granted: 1,921 restricted stock units (RSUs); no dollar price reported (N/A).
• Shares owned after transaction: not specified in the filing.
• Footnotes on the grant: F1 = non‑employee director RSU grant; F2 = 1-for-1 conversion ratio to common shares; F3–F4 = the derivative security’s exercise/expiration terms are tied to retirement per the award agreement.
• Transaction type: Award/grant (compensation) — not a buy or sale on the open market.

Context
RSUs are a form of equity compensation that typically convert into common shares under specified conditions (here stated as 1-for-1). The filing indicates conversion/exercise and expiration rules are tied to retirement under the award agreement, so these units may vest or be settled based on retirement terms rather than immediate delivery. As a director award, this is routine compensation and should not be interpreted alone as a signal of the insider’s view on the company’s short‑term stock direction.