Form 4: Black Hills Corp Director Reports Stock Grant
Insider Transaction Report
Robert F. Beard, a Director at Black Hills Corp, reported the acquisition of 1,921 shares of common stock via a restricted stock unit grant on May 1, 2026.
Summary
- Robert F. Beard, a Director of Black Hills Corp, received a grant of 1,921 shares of common stock on May 1, 2026.
- This transaction was made under a restricted stock unit grant.
- Following this grant, Mr. Beard beneficially owns 4,237.1172 shares of common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine stock grant to a director rather than a significant financial event or strategic shift.
Positives
- Director Robert F. Beard received a stock grant, indicating continued alignment of management and director interests with shareholders.
- The grant of 1,921 shares of common stock adds to the director's beneficial ownership.
Future Outlook
No specific future outlook or guidance is provided in this filing, as it pertains to a director's stock transaction.
Industry Context
StockSavvy.ai notes that Form 4 filings, like this one from Black Hills Corp, are standard disclosures for insider stock transactions and are crucial for understanding potential insider confidence or compensation structures within the energy utility sector.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Robert F. Beard has authorized Travis Frederickson, Amber Gonzales, Tom D. Stevens, and Kimberly F. Nooney to execute and file Forms 3, 4, and 5 on his behalf regarding his ownership of Black Hills Corporation securities. | April 23, 2025 | Ensures timely and compliant filing of insider transactions by designated representatives. |
Stakeholder Impact
- Shareholders: The stock grant to a director can be viewed as a component of executive compensation and an alignment of interests, though the direct impact on share price is minimal for a single grant.
Key Dates
| Date | Description |
|---|---|
| 04/23/2025 | Date of the Power of Attorney for Robert F. Beard. |
| 05/01/2026 | Date of the earliest transaction reported and the transaction date for the restricted stock unit grant. |
Keywords
Black Hills Corp, BKH, Form 4, SEC Filing, Director, Stock Grant, Restricted Stock Unit, Beneficial Ownership
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