Form 4: Black Hills CFO Sells 14,500 Shares Under 10b5-1 Plan

Kimberly F. Nooney, SVP & CFO of Black Hills Corp, sold 14,500 shares of common stock at $70.7 per share on November 10, 2025, under a pre-arranged 10b5-1 plan.

Summary

• Kimberly F. Nooney, the Senior Vice President and Chief Financial Officer of Black Hills Corp (BKH), reported a sale of common stock.
• The transaction involved the disposition of 14,500 shares of Black Hills Corp common stock.
• The shares were sold at a price of $70.7 per share.
• The transaction occurred on November 10, 2025.
• The sale was made pursuant to a Rule 10b5-1 trading plan, indicating it was a pre-arranged transaction.
• Following this transaction, Ms. Nooney directly beneficially owns 34,620.509 shares of common stock.
• Additionally, Ms. Nooney indirectly beneficially owns 4.459 shares through a 401K plan.

Sentiment

Score: 5

Explanation: The sale of shares by a senior officer, while a disposition, was conducted under a Rule 10b5-1 plan, indicating a pre-arranged transaction rather than a reaction to new information. This typically makes the transaction less indicative of management's immediate sentiment about the company's prospects.

Negatives

• A senior officer sold 14,500 shares of common stock, which represents a reduction in their direct ownership stake.

Industry Context

This filing is an insider trading report and does not provide information directly related to broader industry trends or competitive landscape. It reflects an individual executive's stock transaction.

Stakeholder Impact

• Shareholders may note the disposition of shares by a key executive, though the 10b5-1 plan context suggests it was a planned event.

Key Dates

Recommendation

The reported transaction is a pre-scheduled sale by a senior officer under a Rule 10b5-1 plan. Such transactions are generally not indicative of a change in the company's fundamental outlook or a signal for immediate investment action. Investors should consider broader company performance and market conditions rather than this isolated insider sale.

Keywords

Black Hills Corp, BKH, Insider Sale, Form 4, Kimberly F Nooney, CFO, Stock Transaction, 10b5-1 Plan, Beneficial Ownership