Form 4: Black Hills Corp Director Anne G. Waleski Receives Stock Grant

Director Anne G. Waleski received 2,222 shares of Black Hills Corp common stock on May 1, 2025, as a non-employee director restricted stock unit grant.

Summary

• On May 1, 2025, Anne G. Waleski, a director of Black Hills Corp, acquired 2,222 shares of common stock.
• The acquisition was a result of a non-employee director restricted stock unit grant.
• The price per share was $0.
• Following the transaction, Ms. Waleski beneficially owns 2,222 shares of Black Hills Corp common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices, aligning director interests with shareholders.

Positives

• The grant of restricted stock units to a director aligns their interests with those of the shareholders.

Industry Context

Director compensation through stock grants is a common practice in publicly traded companies to incentivize and align the interests of directors with shareholders.

Comparison to Industry Standards

• Stock grants to non-employee directors are a standard component of compensation packages in publicly traded companies.
• Companies like Duke Energy (DUK) and Southern Company (SO) also utilize stock grants as part of their director compensation, with the specific number of shares varying based on company size, performance, and board policies.
• The value of the grant is comparable to industry standards for companies of similar size and market capitalization.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.

Key Dates

Keywords

Director, Stock Grant, Restricted Stock Unit, Form 4, Black Hills Corp, BKH, Beneficial Ownership