Vold Jeanne 4

What Happened

• Jeanne Vold, Vice President — Technology at NorthWestern Energy (NWE), had 223 shares withheld to satisfy tax obligations related to an option exercise (transaction code F). The shares were valued at $64.54 each for a total disposition of approximately $14,392 (transaction date Jan 22, 2026). This is a tax-withholding disposition rather than an open-market sale and is typically routine following option exercises.

Key Details

• Transaction date: 2026-01-22; Filing date: 2026-01-23
• Shares disposed: 223 at $64.54 per share; total value ≈ $14,392
• Transaction code: F — payment of exercise price or tax liability (shares withheld)
• Shares owned after transaction: not disclosed in the provided filing
• Timeliness: Filing appears timely (filed the day after the transaction)

Context

• This was a tax-withholding (cashless withholding) disposition tied to an option exercise — the company retained shares to cover tax liabilities rather than Vold selling shares on the open market. Such withholding transactions are common and do not necessarily indicate the insider’s view on the company’s stock.