Form 4: Black Hills Corp Director Teresa Taylor's Ownership Update

Teresa Taylor, a Director at Black Hills Corp, reported a grant of 1,921 shares of Common Stock and holds 10,385.6725 Phantom Stock Units.

Summary

• Teresa Taylor, a Director of Black Hills Corp, filed a Form 4 reporting a transaction on May 1, 2026.
• She acquired 1,921 shares of Common Stock.
• Following this transaction, she beneficially owns 13,645.6562 shares of Common Stock directly.
• Additionally, she holds 10,385.6725 Phantom Stock Units, which are held indirectly through a trust.
• These Phantom Stock Units have a 1-for-1 conversion ratio with Common Stock and are exercisable upon retirement, expiring upon retirement under the agreement's terms.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine insider transactions and compensation without indicating significant positive or negative developments for the company.

Positives

• Director Teresa Taylor has acquired additional shares of common stock, indicating continued investment or compensation.
• The holding of Phantom Stock Units suggests a long-term incentive aligned with the company's performance and executive retention.

Risks

• The Phantom Stock Units are subject to retirement terms, meaning their value realization is contingent on future events.
• The authority granted to Brian G. Iverson, Amy K. Koenig, and Tom D. Stevens to file on behalf of Teresa Taylor is subject to revocation, which could lead to administrative issues if not managed properly.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports on past transactions and current holdings.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions and reflect typical compensation and ownership structures for directors in the utility sector, such as Black Hills Corp.

Corporate Governance

Stakeholder Impact

• Shareholders: The acquisition of shares by a director can be seen as a positive signal of confidence in the company's future, though the scale of this transaction is modest.
• Employees: The structure of Phantom Stock Units aligns management and director interests with long-term company performance, potentially benefiting employees through company success.

Next Steps

• Teresa Taylor's authorized representatives will continue to file Forms 3, 4, and 5 as required.
• The Phantom Stock Units will remain subject to the terms of the retirement agreement.

Key Dates

Keywords

Black Hills Corp, BKH, Form 4, Insider Trading, Director, Common Stock, Phantom Stock Units, Beneficial Ownership, SEC Filing, Securities Exchange Act