Form 4: Black Hills CFO Reports Stock Grant and Tax Withholding

Black Hills Corp's SVP & CFO, Kimberly F Nooney, reported the acquisition of restricted stock and subsequent sales for tax obligations.

Summary

• Kimberly F Nooney, SVP & CFO of Black Hills Corp, acquired 4,654 shares of Common Stock on February 6, 2026, through a Restricted Stock Grant under the Company's Incentive Compensation Plan.
• Following this grant, Nooney's direct beneficial ownership increased to 39,923.75 shares.
• On February 7, 2026, 1,805.117 shares were disposed of at a price of $72.3 per share to cover tax withholding associated with Restricted Stock Vesting from a February 7, 2025 grant, reducing direct ownership to 38,118.633 shares.
• On February 9, 2026, an additional 250.246 shares were disposed of at $71.48 per share for tax withholding related to a February 9, 2023 Restricted Stock Grant, bringing direct ownership to 37,868.387 shares.
• Also on February 9, 2026, 377.148 shares were disposed of at $71.48 per share for tax withholding from a February 9, 2024 Restricted Stock Grant, resulting in a final reported direct beneficial ownership of 37,491.239 shares.
• Nooney also holds 4.459 shares indirectly through a 401K plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, reflecting routine executive compensation activities involving restricted stock grants and subsequent sales to cover tax liabilities, which is a common practice.

Positives

• Kimberly F Nooney, SVP & CFO, acquired 4,654 shares of Common Stock through a Restricted Stock Grant, indicating continued equity participation in the company's incentive compensation plan.

Negatives

• A total of 2,432.511 shares were disposed of across three separate transactions on February 7 and February 9, 2026, to cover tax withholding obligations related to restricted stock vesting.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transaction filings like this Form 4 provide transparency into executive stock movements but do not typically offer insights into broader industry trends or competitive landscapes. These transactions are routine for executive compensation and tax obligations.

Stakeholder Impact

• Shareholders: Provides transparency into executive stock ownership and compensation practices, which is generally positive for corporate governance. The transactions themselves are routine and unlikely to have a significant direct impact on share price or company operations.

Key Dates

Keywords

Black Hills Corp, BKH, Form 4, Insider Transaction, Restricted Stock Grant, Tax Withholding, Executive Compensation, Beneficial Ownership, SVP & CFO