Yingling Jeffrey W. 4

What happened

• Jeffrey W. Yingling, a director of NorthWestern Energy Group, Inc. (NWE), received a grant/award of 581 shares (transaction code A) on 2026-02-03. The grant is reported at $64.54 per share for a total value of roughly $37,498.
• This award was issued as part of the company’s non‑employee director compensation schedule and includes deferred share units (DSUs) that may be issuable after the reporting person’s service ends.

Key Details

• Transaction date: 2026-02-03; reported on Form 4 filed 2026-02-04 (timely filing).
• Price used in filing: $64.54 per share; total reported value ≈ $37,498.
• Instrument: Award/grant (A); footnotes indicate shares issued as deferred share units (DSUs) on 2026-02-02 and may include underlying DSUs issuable after termination.
• Footnotes also note the grant is the first-quarter 2026 stock grant for non‑employee directors and that some shares include dividend reinvestment.
• Shares owned after the transaction are not specified in the provided summary.

Context

• This is a routine director compensation grant rather than an open‑market purchase or sale. Such awards are common and are used to compensate and align non‑employee directors with shareholder interests; they do not alone indicate the director’s trading view.
• Because the award includes deferred units, the economic exposure may be deferred until or after the director leaves service, which is a typical arrangement for director pay.