Berzina Jeffrey B. 4

What Happened

Jeffrey B. Berzina, Controller of NorthWestern Energy Group, Inc. (NWE), had 124 shares withheld to cover a tax liability related to an equity transaction. The shares were valued at $64.54 each, totaling approximately $8,003. The Form 4 reports this as a disposition via tax withholding (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-01-22
• Price per share: $64.54; Shares withheld/disposed: 124; Total value: ~$8,003
• Filing date: 2026-01-26 (Form 4)
• Shares owned after transaction: Not provided in the supplied data
• Transaction code/footnote: F — Payment of exercise price or tax liability by withholding of shares
• Nature of transaction: Withholding to satisfy tax obligations (routine administrative disposition)

Context

A code F withholding typically means the company retained shares to cover taxes from an award or option exercise (a cashless tax withholding), rather than the insider selling shares on the open market. These withholdings are common and generally administrative in nature; they reduce the insider's net holdings but do not necessarily signal a change in sentiment.