Form 4: Black Hills Corp SVP & CFO Kimberly F. Nooney Reports Stock Transactions

Kimberly F. Nooney, SVP & CFO of Black Hills Corp, reports acquisition and disposal of common stock related to the 2022-2024 Performance Share Plan.

Summary

• On February 12, 2025, Kimberly F. Nooney, SVP & CFO of Black Hills Corp, acquired 254 shares of common stock at $60.1 per share through the 2022-2024 Performance Share Plan.
• On the same day, 107.506 shares were disposed of at $60.1 per share to cover tax withholding related to the Performance Share Plan payout.
• Following these transactions, Nooney directly owns 49,120.509 shares of common stock and indirectly owns 4.459 shares through a 401K.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and tax obligations.

Positives

• Acquisition of shares indicates participation in and benefit from the company's Performance Share Plan.

Negatives

• Disposal of shares to cover tax withholding reduces the overall shareholding.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives, ensuring compliance with SEC regulations.
• Similar filings are made by executives at comparable companies like Xcel Energy (XEL) and Duke Energy (DUK) when they engage in stock transactions.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.

Key Dates