Hines John D 4

What Happened John D. Hines, VP — Energy Supply & MT Gov. at NorthWestern Energy (NWE), received 1,354 shares on 2026-03-03 upon vesting of performance units under the company's 2020 Executive Retirement‑Retention Plan. The award is valued at approximately $92,681 (1,354 shares × $68.45 per share). Separately, 398 shares were surrendered/disposed to cover the tax liability (reported as code F), with no cash proceeds reported.

Key Details

• Transaction date: 2026-03-03 (Form filed same day — timely filing).
• Award (code A): 1,354 shares acquired at $68.45 per share = $92,681 (value uses closing price on 2026-02-11, the board approval/vesting payout date).
• Tax withholding (code F): 398 shares surrendered/disposed, reported at $0.00 proceeds.
• Vesting basis: Shares were issued upon 12/31/2025 vesting of performance units under the 2020 Executive Retirement‑Retention Plan (footnote).
• Footnote: reported share value uses 2/11/26 closing price; reported holdings include shares acquired from dividend reinvestment where noted.
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context This was an award/vesting event (not an open‑market purchase or sale). The 398‑share disposition reflects routine tax withholding associated with the vesting payout and does not indicate a market sale for cash. The filing was submitted on the same date as the report period, so there is no late‑filing flag in this record.