Form 4: NWE VP Cashell Disposes Shares for Tax Obligations

NorthWestern Energy Group's VP of Transmission, Michael R. Cashell, reported the disposition of 381 shares of common stock to cover tax withholding obligations.

Summary

• Michael R. Cashell, VP Transmission at NorthWestern Energy Group, Inc. (NWE), reported a transaction on January 22, 2026.
• The transaction involved the disposition of 381 shares of NWE Common Stock.
• The shares were disposed of at a price of $64.54 per share.
• This disposition was made to satisfy tax withholding obligations, indicated by transaction code 'F'.
• Following this transaction, Mr. Cashell directly beneficially owns 24,354 shares of NWE Common Stock.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 5

Explanation: Neutral. This is a routine, non-discretionary transaction (tax withholding) by an insider, often pre-scheduled under a 10b5-1 plan. It does not indicate a change in sentiment towards the company's prospects.

Future Outlook

NA

Industry Context

This is a routine insider transaction for a utility company executive, common across all industries when equity awards vest and taxes are due. It does not reflect broader industry trends.

Stakeholder Impact

• Minimal. This is a routine, non-discretionary transaction by an executive to cover tax obligations, which is a common occurrence and generally has no material impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

NorthWestern Energy Group, NWE, Michael R. Cashell, Insider Transaction, Form 4, Stock Disposition, Tax Withholding, Rule 10b5-1, Officer Transaction, Utility Sector