Schroeppel Bobbi L 4

What Happened

• Bobbi L. Schroeppel, VP — HR, Customer Care & Corporate Communications at NorthWestern Energy (NWE), was reported to have received 2,464 shares on 2026-02-27 as the vesting/settlement of performance units (code A). The filing values those shares at $68.45 each, for a total of $168,661. The filing also shows 643 shares were surrendered/withheld to cover tax obligations (code F) at $0.00 per share (net cashless/withholding).

Key Details

• Transaction date reported: 2026-02-27 (vesting/settlement reported).
• Price used: $68.45 per share (closing price on 2026-02-11, the board approval date); total value ≈ $168,661.
• Tax withholding: 643 shares were used to satisfy tax withholding (disposition code F, $0 proceeds reported).
• Footnotes: (F1) shares relate to performance units that vested as of 12/31/2025; (F2) share price is the 2/11/26 closing price used for payout; (F3) the filer’s reported total holdings include ESPP participation and dividend reinvestment (specific total not listed here).
• Timeliness: Filed 2026-03-02 for a 2026-02-27 report date — appears timely (not marked late).

Context

• This was not an open-market buy or a discretionary sale but the vesting/settlement of long-term incentive/performance units under the company’s 2023 Long-Term Incentive Program. The withholding of 643 shares to cover taxes is a routine administrative step and does not indicate a separate market sale.