Cashell Michael R 4

What Happened Michael R. Cashell, Vice President — Transmission at NorthWestern Energy (NWE), disposed of 381 shares on January 22, 2026 to satisfy a tax withholding obligation. The shares were converted/withheld at $64.54 each, totaling approximately $24,590. This was a share-withholding/tax payment transaction (code F), not an open-market sale.

Key Details

• Transaction date: 2026-01-22; filing date: 2026-01-23 (timely filing).
• Disposition: 381 shares at $64.54 per share; total value ≈ $24,590.
• Transaction code: F — payment of exercise price or tax liability via share withholding.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• No 10b5-1 plan or other special instructions indicated in the excerpt.

Context This was a routine tax-withholding/net-settlement event (common after option exercises or awards) and does not necessarily reflect the insider’s view of the company’s prospects. For retail investors, purchases or open-market sales generally carry more signal than shares withheld for taxes.