LaFave Bleau 4

What Happened

• LaFave Bleau, Vice President – Business Development & Asset Management at NorthWestern Energy (NWE), had 89 shares disposed on Jan 22, 2026 to satisfy tax withholding tied to an equity event. The shares were recorded at $64.54 each for a total of approximately $5,744 (transaction code F — payment of exercise price or tax liability).
• This was a tax-withholding disposition (not an open-market sale), a routine administrative step following option exercise or vesting.

Key Details

• Transaction date: 2026-01-22; Filing date: 2026-01-23.
• Shares disposed: 89 at $64.54; total value ≈ $5,744.
• Transaction code: F (payment of exercise price or tax liability — typically shares withheld to cover taxes).
• Shares owned after transaction: Not specified in the provided filing details.
• Filing timeliness: Filed one day after the transaction; within the usual 2-business-day Form 4 window (not indicated as late).

Context

• This type of disposition usually reflects withholding to cover taxes on exercised options or vested awards (a cashless-type settlement), not a decision to sell shares for investment reasons. Purchases or open-market sales are generally more informative about insider sentiment; tax-withholding dispositions are routine.