Form 4: Black Hills Corp Director Robert P. Otto Acquires Shares Through Restricted Stock Unit Grant

Director Robert P. Otto acquired 2,222 shares of Black Hills Corp common stock through a restricted stock unit grant on May 1, 2025.

Summary

• On May 1, 2025, Robert P. Otto, 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, Otto directly owns 12,431.3148 shares of Black Hills Corp common stock.
• Otto also indirectly owns 9,266.9098 phantom stock units through a trust, which are exercisable upon retirement.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock transaction. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The acquisition of shares by a director may signal confidence in the company's future prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's acquisition of shares, which is a common occurrence.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.

Key Dates

Keywords

Form 4, Director, Robert P. Otto, Black Hills Corp, BKH, Stock Acquisition, Restricted Stock Unit, Beneficial Ownership, Phantom Stock Units