---
schema_version: "secwatch.filing_event.v1"
accession: "0001993004-26-000010"
form_type: "8-K"
ticker: "NWE"
cik: "0001993004"
company_name: "NorthWestern Energy Group, Inc."
filed_at: "2026-02-17T23:59:59+00:00"
generated_at: "2026-05-16T02:34:40.883266+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001993004-26-000010
- form_type: 8-K
- ticker: NWE
- cik: 0001993004
- company_name: NorthWestern Energy Group, Inc.
- filed_at: 2026-02-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1993004/000199300426000010/0001993004-26-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1993004/000199300426000010/nwe-20260211.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001993004-26-000010
- JSON: https://secwatch.observer/filing/0001993004-26-000010.json
- Plain text: https://secwatch.observer/filing/0001993004-26-000010.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.