Research Reports

Summary

NorthWestern Energy Group, Inc. established its 2026 Annual Incentive Plan and 2026 Long-Term Incentive Program on February 11, 2026, for officers and eligible employees, disclosing target short-term and long-term incentive opportunities as percentages of base salary for named executive officers. These plans tie payouts to financial, safety, reliability, and customer satisfaction metrics, with special provisions for the pending merger with Black Hills Corporation.

Key takeaways

Board approved 2026 Annual Incentive Plan and Long-Term Incentive Program on February 11, 2026
Brian Bird (President and CEO) short-term target 100% of base salary, long-term 325%
Crystal Lail (VP and CFO) short-term 75%, long-term 150%
Shannon Heim (General Counsel and VP Federal Government Affairs) short-term 55%, long-term 110%
Bobbi Schroeppel (VP Customer Care, Communications, HR) short-term 45%, long-term 65%
Annual Plan metrics: Financial (55%, adjusted net income excluding merger costs), Safety (15%), Reliability (15%), Customer Satisfaction (15%)
Long-Term Program awards vest December 31, 2028; excludes Merger from change in control definition