NorthWestern Energy adopts 2026 STI and LTI plans for executives; references Black Hills merger

NorthWestern Energy Group, Inc.

CEO Brian Bird: 100% STI target, 325% LTI target; CFO Crystal Lail: 75% STI, 150% LTI.
Performance metrics: net income (55%), safety (15%), reliability (15%), customer satisfaction (15%).
LTI RSUs vest over 3 years; change of control acceleration excludes pending Black Hills merger.
Upon merger, RSUs convert to merged company shares; full vesting if termination within 24 months post-merger.
STI payout by March 15, 2027; pool based on adjusted net income excluding merger costs.

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