Form 4: Black Hills Corp CEO Evans Acquires Shares and Disposes of Shares for Tax Obligations

Linden R. Evans, President and CEO of Black Hills Corp, reports acquisition of shares through a restricted stock grant and disposition of shares to cover tax withholding obligations.

Summary

• On February 7, 2025, Linden R. Evans, President and CEO of Black Hills Corp, acquired 19,661 shares of common stock at a price of $59.46 per share through a Restricted Stock Grant under the Company's Incentive Compensation Plan.
• On February 9, 2025, Evans disposed of 1,382.349 shares and 949.678 shares of common stock at $59.46 per share to cover tax withholding associated with Restricted Stock Vesting from previous grants in 2023 and 2024.
• Following these transactions, Evans directly owns 164,715.025 shares and indirectly owns 4,299.652 shares through a 401K.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares suggests confidence, while the sales are for routine tax obligations.

Positives

• The acquisition of shares through a restricted stock grant indicates confidence in the company's future performance.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to the market.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock grants as a way to align management's interests with those of shareholders.
• Selling shares to cover tax obligations upon vesting of restricted stock is a common practice among corporate executives.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates

Keywords

Black Hills Corp, Linden R. Evans, Form 4, Stock Acquisition, Restricted Stock Grant, Tax Withholding, Beneficial Ownership