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NorthWestern Energy Group, Inc. 2025-2026 Proxy Voting Records

Compiled from SEC Form N-PX filings and NorthWestern Energy Group, Inc.’s Form 8-K, filed 2026-05-05 (Item 5.07 on EDGAR). Page generated 04 October 2026.

  • 22Reported items
  • 415Asset managers
  • 6,153Fund votes
  • 2026-04-30Main meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore NorthWestern Energy Group, Inc. in the interactive database Compare manager voting policies

Official 2025-2026 meeting results reported by NorthWestern Energy Group, Inc.

These tallies are NorthWestern Energy Group, Inc.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed 2026-05-05 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX. NorthWestern Energy Group, Inc. reported 2 meetings in this season; each is tabulated separately below, with its own filing.

NorthWestern Energy Group, Inc. — official shareholder meeting results, meeting held 2026-04-30 (Form 8-K, filed 2026-05-05)
Ballot itemForAgainst AbstainWithheldBroker non-votesOutcome
Elect Director: Brian Bird 51,101,454---- 111,7684,758,892 Majority: yes
Elect Director: Sherina Maye Edwards 50,951,533---- 261,6894,758,892 Majority: yes
Elect Director: Dave Goodin 51,102,859---- 110,3634,758,892 Majority: yes
Elect Director: Jan Horsfall 50,509,775---- 703,4474,758,892 Majority: yes
Elect Director: Britt Ide 50,000,831---- 1,212,3914,758,892 Majority: yes
Elect Director: Kent Larson 51,104,441---- 108,7814,758,892 Majority: yes
Elect Director: Linda Sullivan 51,055,568---- 157,6544,758,892 Majority: yes
Elect Director: Mahvash Yazdi 50,573,556---- 639,6664,758,892 Majority: yes
Elect Director: Jeffrey Yingling 50,906,318---- 306,9044,758,892 Majority: yes
Proposal 2: Ratification of Independent Registered Public Accounting Firm. 54,542,5671,405,98823,559 ---- Majority: yes
Proposal 3: Advisory Vote on Executive Compensation. 50,209,283944,60859,331 --4,758,892 Majority: yes

Source: NorthWestern Energy Group, Inc., Form 8-K, filed with the SEC on 2026-05-05 — read the filing on EDGAR.

NorthWestern Energy Group, Inc. — official shareholder meeting results, meeting held 2026-04-02 (Form 8-K, filed 2026-04-03)
Ballot itemForAgainst AbstainWithheldBroker non-votesOutcome
Proposal 2: Advisory Vote on Merger-Related Compensation. 49,365,4853,104,04474,120 ---- Majority: yes
Proposal 3: Approve Adjournment, if necessary. 49,916,2312,559,81367,605 ---- Majority: yes

Source: NorthWestern Energy Group, Inc., Form 8-K, filed with the SEC on 2026-04-03 — read the filing on EDGAR.

How asset managers voted at the NorthWestern Energy Group, Inc. 2025-2026 meetings

Each item below shows how the 415 asset managers that disclosed a NorthWestern Energy Group, Inc. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of NorthWestern Energy Group, Inc.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Advisory vote to approve named executive officer compensation.

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2026-04-30.

Combines 6 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 50,209,283AGAINST: 944,608

NorthWestern Energy Group, Inc.’s own tally for this item (“Proposal 3: Advisory Vote on Executive Compensation.”): 50,209,283 for, 944,608 against, per its Form 8-K filed 2026-05-05 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 61,508,016 outstanding shares: 82% for, 2% against (83% of the company cast a for/against vote).

The 391 asset managers below cast 99% of the shares they voted on this item FOR. Fund share totals are not shown for this item: fund-reported shares overlap across filings (an adviser and the funds it manages can each report the same shares), and here their sum exceeds the total votes cast at the meeting.

FOR 99%
FOR: 98.9%AGAINST: 1.1%ABSTAIN: 0.0%NOT VOTED: 0.0%
Largest asset managers voting on “Advisory vote to approve named executive officer compensation.” at NorthWestern Energy Group, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock8,112,006862 00For
Vanguard6,698,3403 00For
Fidelity2,965,3560 00For
American Century2,654,1220 00For
State Street2,098,5192,156 00For
GEODE CAPITAL MANAGEMENT, LLC1,653,3030 00For
Charles Schwab1,631,2920 00For
FRANKLIN ADVISERS INC1,419,9960 00For
Franklin Custodian Funds1,400,0000 00For
Neuberger Berman1,371,7790 00For
Invesco1,057,8690 00For
Thrivent977,1320 00For
River Road Asset Management, LLC921,2990 00For
NOMURA INVESTMENT MANAGEMENT BUSINESS TRUST848,6090 00For
Gabelli821,5500 00For
Delaware/Macquarie749,7970 00For
Northern Trust747,0780 00For
SYSTEMATIC FINANCIAL MANAGEMENT LP629,2980 00For
First Trust629,2330 00For
AllianceBernstein581,6440 00For
CAXTON ASSOCIATES LLP572,2930 00For
Equitable565,4520 00For
MASSACHUSETTS FINANCIAL SERVICES CO /MA/561,7990 00For
AQR512,6300 00For
Victory Capital504,0200 00For

Showing the 25 largest of 391 asset managers. See all 391 in the interactive database.

2. To vote on an advisory vote on the merger-related compensation arrangements of NorthWestern's named executive officers (the "NorthWestern Merger-Related Compensation Proposal"); and

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2026-04-02.

Combines 14 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%
FOR: 49,365,485AGAINST: 3,104,044

NorthWestern Energy Group, Inc.’s own tally for this item (“Proposal 2: Advisory Vote on Merger-Related Compensation.”): 49,365,485 for, 3,104,044 against, per its Form 8-K filed 2026-04-03 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 61,508,016 outstanding shares: 80% for, 5% against (85% of the company cast a for/against vote).

The 384 asset managers below cast 93% of the shares they voted on this item FOR. Fund share totals are not shown for this item: fund-reported shares overlap across filings (an adviser and the funds it manages can each report the same shares), and here their sum exceeds the total votes cast at the meeting.

FOR 93%
FOR: 93.0%AGAINST: 7.0%ABSTAIN: 0.0%NOT VOTED: 0.0%
Largest asset managers voting on “To vote on an advisory vote on the merger-related compensation arrangements of NorthWestern's named executive ” at NorthWestern Energy Group, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock8,162,7790 00For
Vanguard6,640,9221,830 00For
Fidelity3,838,9950 00For
American Century02,928,889 00Against
State Street2,072,5882,687 00For
GEODE CAPITAL MANAGEMENT, LLC1,639,1070 00For
Charles Schwab1,623,3020 00For
FRANKLIN ADVISERS INC1,419,9060 00For
Neuberger Berman1,403,2230 00For
Franklin Custodian Funds1,400,0000 00For
Invesco1,072,4150 00For
Thrivent977,1000 00For
River Road Asset Management, LLC941,8070 00For
NOMURA INVESTMENT MANAGEMENT BUSINESS TRUST866,2390 00For
AQR825,8520 00For
Gabelli821,5500 00For
Delaware/Macquarie767,3060 00For
Northern Trust739,4880 00For
SYSTEMATIC FINANCIAL MANAGEMENT LP596,30743,525 00For
First Trust629,3440 00For
AllianceBernstein581,4060 00For
Dimensional580,5970 00For
Equitable463,814110,051 00For
MASSACHUSETTS FINANCIAL SERVICES CO /MA/564,7530 00For
Nuveen523,2230 00For

Showing the 25 largest of 384 asset managers. See all 384 in the interactive database.

3. Election of Directors: Brian Bird

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-04-30.

Combines 6 wordings of this item as funds reported it.

99.7% Majority: yes · of votes cast

FOR 99.7%
FOR: 51,101,454WITHHELD: 111,768

NorthWestern Energy Group, Inc.’s own tally for this item (“Elect Director: Brian Bird”): 51,101,454 for, 111,768 withheld, per its Form 8-K filed 2026-05-05 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 61,508,016 outstanding shares: 83% for, 0.2% withheld (83% of the company cast a for/withheld vote).

The 106 asset managers below cast 100% of the shares they voted on this item FOR (27,949,380 for, 0 against).

FOR 99.9%
FOR: 27,949,380 (100.0%)ABSTAIN: 9,579 (0.0%)
Largest asset managers voting on “Election of Directors: Brian Bird” at NorthWestern Energy Group, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard6,180,0770 00For
BlackRock5,237,9630 00For
Fidelity2,281,3840 00For
Franklin Custodian Funds1,400,0000 00For
American Century1,026,5630 00For
Charles Schwab815,3510 00For
Delaware/Macquarie749,7970 00For
First Trust624,9810 00For
Gabelli548,7000 00For
Invesco507,8610 00For
ProShares492,1740 00For
Thrivent487,5980 00For
TIAA467,2140 00For
State Street444,5410 00For
MFS399,3070 00For
UNDISCOVERED MANAGERS FUNDS390,8650 00For
AMG Funds IV327,1580 00For
Neuberger Berman312,7160 00For
Equitable300,4520 00For
WisdomTree288,9630 00For
Dimensional287,3160 00For
GMO275,6290 00For
Global X272,9640 00For
TRUST FOR PROFESSIONAL MANAGERS216,4440 00For
AMERICAN BEACON FUNDS215,2640 00For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

4. Election of Directors: Britt Ide

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-04-30.

Combines 6 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 50,000,831WITHHELD: 1,212,391

NorthWestern Energy Group, Inc.’s own tally for this item (“Elect Director: Britt Ide”): 50,000,831 for, 1,212,391 withheld, per its Form 8-K filed 2026-05-05 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 61,508,016 outstanding shares: 81% for, 2% withheld (83% of the company cast a for/withheld vote).

The 106 asset managers below cast 100% of the shares they voted on this item FOR (27,506,162 for, 0 against).

FOR 98%
FOR: 27,506,162 (98.4%)ABSTAIN: 452,797 (1.6%)
Largest asset managers voting on “Election of Directors: Britt Ide” at NorthWestern Energy Group, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard6,180,0730 40For
BlackRock5,237,9630 00For
Fidelity2,281,3840 00For
Franklin Custodian Funds1,400,0000 00For
American Century1,026,5630 00For
Charles Schwab815,3510 00For
Delaware/Macquarie749,7970 00For
First Trust624,9810 00For
Gabelli548,7000 00For
Invesco507,8610 00For
ProShares492,1740 00For
Thrivent487,5980 00For
TIAA467,2140 00For
State Street444,5070 340For
MFS399,3070 00For
UNDISCOVERED MANAGERS FUNDS390,8650 00For
AMG Funds IV327,1580 00For
Neuberger Berman312,7160 00For
Equitable300,4520 00For
WisdomTree00 288,9630Abstain
Dimensional287,3160 00For
GMO275,6290 00For
Global X272,9640 00For
TRUST FOR PROFESSIONAL MANAGERS216,4440 00For
AMERICAN BEACON FUNDS215,2640 00For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

5. Election of Directors: David Goodin

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-04-30.

Combines 6 wordings of this item as funds reported it.

99.7% Majority: yes · of votes cast

FOR 99.7%
FOR: 51,102,859WITHHELD: 110,363

NorthWestern Energy Group, Inc.’s own tally for this item (“Elect Director: Dave Goodin”): 51,102,859 for, 110,363 withheld, per its Form 8-K filed 2026-05-05 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 61,508,016 outstanding shares: 83% for, 0.2% withheld (83% of the company cast a for/withheld vote).

The 106 asset managers below cast 100% of the shares they voted on this item FOR (27,949,380 for, 0 against).

FOR 99.9%
FOR: 27,949,380 (100.0%)ABSTAIN: 9,579 (0.0%)
Largest asset managers voting on “Election of Directors: David Goodin” at NorthWestern Energy Group, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard6,180,0770 00For
BlackRock5,237,9630 00For
Fidelity2,281,3840 00For
Franklin Custodian Funds1,400,0000 00For
American Century1,026,5630 00For
Charles Schwab815,3510 00For
Delaware/Macquarie749,7970 00For
First Trust624,9810 00For
Gabelli548,7000 00For
Invesco507,8610 00For
ProShares492,1740 00For
Thrivent487,5980 00For
TIAA467,2140 00For
State Street444,5410 00For
MFS399,3070 00For
UNDISCOVERED MANAGERS FUNDS390,8650 00For
AMG Funds IV327,1580 00For
Neuberger Berman312,7160 00For
Equitable300,4520 00For
WisdomTree288,9630 00For
Dimensional287,3160 00For
GMO275,6290 00For
Global X272,9640 00For
TRUST FOR PROFESSIONAL MANAGERS216,4440 00For
AMERICAN BEACON FUNDS215,2640 00For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

6. Election of Directors: Jan Horsfall

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-04-30.

Combines 6 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 50,509,775WITHHELD: 703,447

NorthWestern Energy Group, Inc.’s own tally for this item (“Elect Director: Jan Horsfall”): 50,509,775 for, 703,447 withheld, per its Form 8-K filed 2026-05-05 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 61,508,016 outstanding shares: 82% for, 1% withheld (83% of the company cast a for/withheld vote).

The 106 asset managers below cast 100% of the shares they voted on this item FOR (27,947,786 for, 0 against).

FOR 99.9%
FOR: 27,947,786 (100.0%)ABSTAIN: 11,173 (0.0%)
Largest asset managers voting on “Election of Directors: Jan Horsfall” at NorthWestern Energy Group, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard6,180,0740 30For
BlackRock5,237,9630 00For
Fidelity2,281,3840 00For
Franklin Custodian Funds1,400,0000 00For
American Century1,026,5630 00For
Charles Schwab815,3510 00For
Delaware/Macquarie749,7970 00For
First Trust624,9810 00For
Gabelli548,7000 00For
Invesco507,8610 00For
ProShares492,1740 00For
Thrivent487,5980 00For
TIAA467,2140 00For
State Street444,5070 340For
MFS399,3070 00For
UNDISCOVERED MANAGERS FUNDS390,8650 00For
AMG Funds IV327,1580 00For
Neuberger Berman312,7160 00For
Equitable300,4520 00For
WisdomTree288,9630 00For
Dimensional287,3160 00For
GMO275,6290 00For
Global X272,9640 00For
TRUST FOR PROFESSIONAL MANAGERS216,4440 00For
AMERICAN BEACON FUNDS215,2640 00For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

7. Election of Directors: Jeffrey Yingling

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-04-30.

Combines 6 wordings of this item as funds reported it.

99.4% Majority: yes · of votes cast

FOR 99.4%
FOR: 50,906,318WITHHELD: 306,904

NorthWestern Energy Group, Inc.’s own tally for this item (“Elect Director: Jeffrey Yingling”): 50,906,318 for, 306,904 withheld, per its Form 8-K filed 2026-05-05 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 61,508,016 outstanding shares: 83% for, 0.5% withheld (83% of the company cast a for/withheld vote).

The 106 asset managers below cast 100% of the shares they voted on this item FOR (27,949,379 for, 0 against).

FOR 99.9%
FOR: 27,949,379 (100.0%)ABSTAIN: 9,580 (0.0%)
Largest asset managers voting on “Election of Directors: Jeffrey Yingling” at NorthWestern Energy Group, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard6,180,0760 10For
BlackRock5,237,9630 00For
Fidelity2,281,3840 00For
Franklin Custodian Funds1,400,0000 00For
American Century1,026,5630 00For
Charles Schwab815,3510 00For
Delaware/Macquarie749,7970 00For
First Trust624,9810 00For
Gabelli548,7000 00For
Invesco507,8610 00For
ProShares492,1740 00For
Thrivent487,5980 00For
TIAA467,2140 00For
State Street444,5410 00For
MFS399,3070 00For
UNDISCOVERED MANAGERS FUNDS390,8650 00For
AMG Funds IV327,1580 00For
Neuberger Berman312,7160 00For
Equitable300,4520 00For
WisdomTree288,9630 00For
Dimensional287,3160 00For
GMO275,6290 00For
Global X272,9640 00For
TRUST FOR PROFESSIONAL MANAGERS216,4440 00For
AMERICAN BEACON FUNDS215,2640 00For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

8. Election of Directors: Kent Larson

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-04-30.

Combines 6 wordings of this item as funds reported it.

99.7% Majority: yes · of votes cast

FOR 99.7%
FOR: 51,104,441WITHHELD: 108,781

NorthWestern Energy Group, Inc.’s own tally for this item (“Elect Director: Kent Larson”): 51,104,441 for, 108,781 withheld, per its Form 8-K filed 2026-05-05 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 61,508,016 outstanding shares: 83% for, 0.2% withheld (83% of the company cast a for/withheld vote).

The 106 asset managers below cast 100% of the shares they voted on this item FOR (27,949,380 for, 0 against).

FOR 99.9%
FOR: 27,949,380 (100.0%)ABSTAIN: 9,579 (0.0%)
Largest asset managers voting on “Election of Directors: Kent Larson” at NorthWestern Energy Group, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard6,180,0770 00For
BlackRock5,237,9630 00For
Fidelity2,281,3840 00For
Franklin Custodian Funds1,400,0000 00For
American Century1,026,5630 00For
Charles Schwab815,3510 00For
Delaware/Macquarie749,7970 00For
First Trust624,9810 00For
Gabelli548,7000 00For
Invesco507,8610 00For
ProShares492,1740 00For
Thrivent487,5980 00For
TIAA467,2140 00For
State Street444,5410 00For
MFS399,3070 00For
UNDISCOVERED MANAGERS FUNDS390,8650 00For
AMG Funds IV327,1580 00For
Neuberger Berman312,7160 00For
Equitable300,4520 00For
WisdomTree288,9630 00For
Dimensional287,3160 00For
GMO275,6290 00For
Global X272,9640 00For
TRUST FOR PROFESSIONAL MANAGERS216,4440 00For
AMERICAN BEACON FUNDS215,2640 00For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

9. Election of Directors: Linda Sullivan

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-04-30.

Combines 6 wordings of this item as funds reported it.

99.6% Majority: yes · of votes cast

FOR 99.6%
FOR: 51,055,568WITHHELD: 157,654

NorthWestern Energy Group, Inc.’s own tally for this item (“Elect Director: Linda Sullivan”): 51,055,568 for, 157,654 withheld, per its Form 8-K filed 2026-05-05 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 61,508,016 outstanding shares: 83% for, 0.3% withheld (83% of the company cast a for/withheld vote).

The 106 asset managers below cast 100% of the shares they voted on this item FOR (27,949,380 for, 0 against).

FOR 99.9%
FOR: 27,949,380 (100.0%)ABSTAIN: 9,579 (0.0%)
Largest asset managers voting on “Election of Directors: Linda Sullivan” at NorthWestern Energy Group, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard6,180,0770 00For
BlackRock5,237,9630 00For
Fidelity2,281,3840 00For
Franklin Custodian Funds1,400,0000 00For
American Century1,026,5630 00For
Charles Schwab815,3510 00For
Delaware/Macquarie749,7970 00For
First Trust624,9810 00For
Gabelli548,7000 00For
Invesco507,8610 00For
ProShares492,1740 00For
Thrivent487,5980 00For
TIAA467,2140 00For
State Street444,5410 00For
MFS399,3070 00For
UNDISCOVERED MANAGERS FUNDS390,8650 00For
AMG Funds IV327,1580 00For
Neuberger Berman312,7160 00For
Equitable300,4520 00For
WisdomTree288,9630 00For
Dimensional287,3160 00For
GMO275,6290 00For
Global X272,9640 00For
TRUST FOR PROFESSIONAL MANAGERS216,4440 00For
AMERICAN BEACON FUNDS215,2640 00For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

10. Election of Directors: Mahvash Yazdi

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-04-30.

Combines 6 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 50,573,556WITHHELD: 639,666

NorthWestern Energy Group, Inc.’s own tally for this item (“Elect Director: Mahvash Yazdi”): 50,573,556 for, 639,666 withheld, per its Form 8-K filed 2026-05-05 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 61,508,016 outstanding shares: 82% for, 1% withheld (83% of the company cast a for/withheld vote).

The 106 asset managers below cast 100% of the shares they voted on this item FOR (27,949,378 for, 0 against).

FOR 99.9%
FOR: 27,949,378 (100.0%)ABSTAIN: 9,581 (0.0%)
Largest asset managers voting on “Election of Directors: Mahvash Yazdi” at NorthWestern Energy Group, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard6,180,0750 20For
BlackRock5,237,9630 00For
Fidelity2,281,3840 00For
Franklin Custodian Funds1,400,0000 00For
American Century1,026,5630 00For
Charles Schwab815,3510 00For
Delaware/Macquarie749,7970 00For
First Trust624,9810 00For
Gabelli548,7000 00For
Invesco507,8610 00For
ProShares492,1740 00For
Thrivent487,5980 00For
TIAA467,2140 00For
State Street444,5410 00For
MFS399,3070 00For
UNDISCOVERED MANAGERS FUNDS390,8650 00For
AMG Funds IV327,1580 00For
Neuberger Berman312,7160 00For
Equitable300,4520 00For
WisdomTree288,9630 00For
Dimensional287,3160 00For
GMO275,6290 00For
Global X272,9640 00For
TRUST FOR PROFESSIONAL MANAGERS216,4440 00For
AMERICAN BEACON FUNDS215,2640 00For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

11. Election of Directors: Sherina Maye Edwards

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-04-30.

Combines 6 wordings of this item as funds reported it.

99.4% Majority: yes · of votes cast

FOR 99.4%
FOR: 50,951,533WITHHELD: 261,689

NorthWestern Energy Group, Inc.’s own tally for this item (“Elect Director: Sherina Maye Edwards”): 50,951,533 for, 261,689 withheld, per its Form 8-K filed 2026-05-05 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 61,508,016 outstanding shares: 83% for, 0.5% withheld (83% of the company cast a for/withheld vote).

The 106 asset managers below cast 100% of the shares they voted on this item FOR (27,949,380 for, 0 against).

FOR 99.9%
FOR: 27,949,380 (100.0%)ABSTAIN: 9,579 (0.0%)
Largest asset managers voting on “Election of Directors: Sherina Maye Edwards” at NorthWestern Energy Group, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard6,180,0770 00For
BlackRock5,237,9630 00For
Fidelity2,281,3840 00For
Franklin Custodian Funds1,400,0000 00For
American Century1,026,5630 00For
Charles Schwab815,3510 00For
Delaware/Macquarie749,7970 00For
First Trust624,9810 00For
Gabelli548,7000 00For
Invesco507,8610 00For
ProShares492,1740 00For
Thrivent487,5980 00For
TIAA467,2140 00For
State Street444,5410 00For
MFS399,3070 00For
UNDISCOVERED MANAGERS FUNDS390,8650 00For
AMG Funds IV327,1580 00For
Neuberger Berman312,7160 00For
Equitable300,4520 00For
WisdomTree288,9630 00For
Dimensional287,3160 00For
GMO275,6290 00For
Global X272,9640 00For
TRUST FOR PROFESSIONAL MANAGERS216,4440 00For
AMERICAN BEACON FUNDS215,2640 00For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

12. RATIFICATION OF DELOITTE & TOUCHE LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2026.

AUDIT-RELATEDMajority of the votes cast: yes

Meeting held 2026-04-30.

97% Majority: yes · of votes cast

FOR 97%
FOR: 54,542,567AGAINST: 1,405,988

NorthWestern Energy Group, Inc.’s own tally for this item (“Proposal 2: Ratification of Independent Registered Public Accounting Firm.”): 54,542,567 for, 1,405,988 against, per its Form 8-K filed 2026-05-05 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 61,508,016 outstanding shares: 89% for, 2% against (91% of the company cast a for/against vote).

The 106 asset managers below cast 99.9% of the shares they voted on this item FOR (28,043,421 for, 8,914 against).

FOR 99.9%
FOR: 28,043,421 (99.9%)AGAINST: 8,914 (0.0%)ABSTAIN: 9,579 (0.0%)
Largest asset managers voting on “RATIFICATION OF DELOITTE & TOUCHE LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2026.” at NorthWestern Energy Group, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard6,176,7183,359 00For
BlackRock5,237,9630 00For
Fidelity2,281,3840 00For
Franklin Custodian Funds1,400,0000 00For
American Century1,026,5630 00For
Charles Schwab815,3510 00For
Delaware/Macquarie749,7970 00For
First Trust624,9810 00For
Equitable565,4520 00For
Gabelli548,7000 00For
Invesco507,8610 00For
ProShares492,1740 00For
Thrivent487,5980 00For
TIAA467,2140 00For
State Street444,50734 00For
MFS399,3070 00For
UNDISCOVERED MANAGERS FUNDS390,8650 00For
AMG Funds IV327,1580 00For
Neuberger Berman312,7160 00For
WisdomTree288,9630 00For
Dimensional287,3160 00For
GMO275,6290 00For
Global X272,9640 00For
TRUST FOR PROFESSIONAL MANAGERS216,4440 00For
AMERICAN BEACON FUNDS215,2640 00For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

13. To vote on a proposal to adopt the Merger Agreement, a copy of which is attached as Annex A to the joint proxy statement/prospectus accompanying this notice (the "NorthWestern Merger Proposal");

EXTRAORDINARY TRANSACTIONS

Meeting held 2026-04-02.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 63 asset managers below cast 100% of the shares they voted on this item FOR (18,855,728 for, 0 against).

FOR: 18,855,728 (100.0%)
Largest asset managers voting on “To vote on a proposal to adopt the Merger Agreement, a copy of which is attached as Annex A to the joint proxy” at NorthWestern Energy Group, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard6,128,7470 00For
Fidelity2,611,0940 00For
Franklin Custodian Funds1,400,0000 00For
American Century1,131,6120 00For
Delaware/Macquarie767,3060 00For
First Trust625,1000 00For
Invesco508,2600 00For
ProShares489,4450 00For
Thrivent487,5890 00For
TIAA467,3030 00For
State Street437,7130 00For
Dimensional426,0050 00For
MFS402,2610 00For
Equitable308,8650 00For
WisdomTree289,4150 00For
GMO275,6320 00For
AMERICAN BEACON FUNDS235,5380 00For
Victory Capital165,2550 00For
Dunham Funds163,0510 00For
Northern Trust145,2890 00For
Northwestern Mutual144,4990 00For
WILLIAM BLAIR FUNDS141,2930 00For
New York Life131,3120 00For
Columbia Threadneedle104,8140 00For
AIG/SunAmerica96,0710 00For

Showing the 25 largest of 63 asset managers. See all 63 in the interactive database.

14. To vote on a proposal to approve any motion to adjourn the NorthWestern special meeting, if necessary (the "NorthWestern Meeting Adjournment Proposal").

CORPORATE GOVERNANCEMajority of the votes cast: yes

Meeting held 2026-04-02.

Combines 2 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 49,916,231AGAINST: 2,559,813

NorthWestern Energy Group, Inc.’s own tally for this item (“Proposal 3: Approve Adjournment, if necessary.”): 49,916,231 for, 2,559,813 against, per its Form 8-K filed 2026-04-03 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 61,508,016 outstanding shares: 81% for, 4% against (85% of the company cast a for/against vote).

The 63 asset managers below cast 97% of the shares they voted on this item FOR (18,339,687 for, 516,041 against).

FOR 97%
FOR: 18,339,687 (97.3%)AGAINST: 516,041 (2.7%)
Largest asset managers voting on “To vote on a proposal to approve any motion to adjourn the NorthWestern special meeting, if necessary (the "No” at NorthWestern Energy Group, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard6,128,7470 00For
Fidelity2,611,0940 00For
Franklin Custodian Funds1,400,0000 00For
American Century1,131,6120 00For
Delaware/Macquarie767,3060 00For
First Trust625,1000 00For
Invesco508,2600 00For
ProShares489,4450 00For
Thrivent487,5890 00For
TIAA467,3030 00For
State Street1,271436,442 00Against
Dimensional426,0050 00For
MFS402,2610 00For
Equitable308,8650 00For
WisdomTree289,4150 00For
GMO275,6320 00For
AMERICAN BEACON FUNDS235,5380 00For
Victory Capital165,2550 00For
Dunham Funds163,0510 00For
Northern Trust145,2890 00For
Northwestern Mutual144,4990 00For
WILLIAM BLAIR FUNDS141,2930 00For
New York Life131,3120 00For
Columbia Threadneedle104,8140 00For
AIG/SunAmerica96,0710 00For

Showing the 25 largest of 63 asset managers. See all 63 in the interactive database.

15. A proposal to approve any motion to adjourn the NorthWestern special meeting, if necessary.

OTHERMajority of the votes cast: yes

Meeting held 2026-04-02.

Combines 2 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 49,916,231AGAINST: 2,559,813

NorthWestern Energy Group, Inc.’s own tally for this item (“Proposal 3: Approve Adjournment, if necessary.”): 49,916,231 for, 2,559,813 against, per its Form 8-K filed 2026-04-03 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 61,508,016 outstanding shares: 81% for, 4% against (85% of the company cast a for/against vote).

The 50 asset managers below cast 99.9% of the shares they voted on this item FOR (9,892,670 for, 3 against).

FOR 99.9%
FOR: 9,892,670 (99.9%)AGAINST: 3 (0.0%)ABSTAIN: 9,767 (0.1%)
Largest asset managers voting on “A proposal to approve any motion to adjourn the NorthWestern special meeting, if necessary.” at NorthWestern Energy Group, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock5,149,3880 00For
Charles Schwab811,3570 00For
Gabelli548,7000 00For
UNDISCOVERED MANAGERS FUNDS390,8650 00For
AMG Funds IV332,6150 00For
Global X326,8170 00For
Neuberger Berman312,7160 00For
Equitable265,0000 00For
TRUST FOR PROFESSIONAL MANAGERS214,7660 00For
Bridge Builder Trust204,8500 00For
AMG FUNDS182,9920 00For
Jackson National178,7820 00For
Transamerica159,1000 00For
Ultimus Managers Trust146,4660 00For
Fidelity102,2150 00For
QUANTITATIVE MASTER SERIES LLC101,3800 00For
John Hancock64,4990 00For
Russell Investments62,3670 00For
HEARTLAND GROUP INC50,0000 00For
Six Circles Trust40,7490 00For
NORTHERN LIGHTS FUND TRUST II39,8060 00For
Morgan Stanley32,9500 00For
RBB FUND, INC.24,8890 00For
TIMOTHY PLAN21,5170 00For
Brighthouse6,7690 9,7670Abstain

Showing the 25 largest of 50 asset managers. See all 50 in the interactive database.

16. A proposal to adopt the Agreement and Plan of Merger, dated as of August 18, 2025, by and among NorthWestern Energy Group, Inc., a Black Hills Corporation and River Merger Sub Inc.;

EXTRAORDINARY TRANSACTIONS

Meeting held 2026-04-02.

100% fund support · no official result

FOR 99.9%

The 29 asset managers below cast 100% of the shares they voted on this item FOR (7,685,906 for, 0 against).

FOR: 7,685,906 (100.0%)ABSTAIN: 3,184 (0.0%)
Largest asset managers voting on “A proposal to adopt the Agreement and Plan of Merger, dated as of August 18, 2025, by and among NorthWestern E” at NorthWestern Energy Group, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock5,149,3880 00For
Gabelli548,7000 00For
UNDISCOVERED MANAGERS FUNDS390,8650 00For
AMG Funds IV332,6150 00For
TRUST FOR PROFESSIONAL MANAGERS214,7660 00For
Bridge Builder Trust204,8500 00For
AMG FUNDS182,9920 00For
Jackson National178,7820 00For
Ultimus Managers Trust146,4660 00For
QUANTITATIVE MASTER SERIES LLC101,3800 00For
John Hancock64,4990 00For
Six Circles Trust40,7490 00For
NORTHERN LIGHTS FUND TRUST II39,8060 00For
MASTER INVESTMENT PORTFOLIO16,5270 00For
ALTSHARES TRUST13,3200 00For
CARILLON SERIES TRUST11,4960 00For
Allianz9,6800 00For
SPIRIT OF AMERICA INVESTMENT FUND INC8,7000 00For
Series Portfolios Trust8,1520 00For
Pacer Funds Trust7,1810 00For
Crewe Advisors LLC5,8550 00For
Securian Funds Trust4,4490 00For
MFG FUNDS, INC.00 3,1840Abstain
EA Series Trust2,0720 00For
Innovator ETFs Trust1,1130 00For

Showing the 25 largest of 29 asset managers. See all 29 in the interactive database.

17. A proposal to adopt the Agreement and Plan of Merger, dated as of August 18, 2025, by and among NorthWestern Energy Group, Inc., Black Hills Corporation and River Merger Sub Inc.

EXTRAORDINARY TRANSACTIONS

Meeting held 2026-04-02.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 22 asset managers below cast 100% of the shares they voted on this item FOR (2,216,137 for, 0 against).

FOR: 2,216,137 (100.0%)
Largest asset managers voting on “A proposal to adopt the Agreement and Plan of Merger, dated as of August 18, 2025, by and among NorthWestern E” at NorthWestern Energy Group, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab811,3570 00For
Global X326,8170 00For
Neuberger Berman312,7160 00For
Equitable265,0000 00For
Transamerica159,1000 00For
Fidelity102,2150 00For
Russell Investments62,3670 00For
HEARTLAND GROUP INC50,0000 00For
Morgan Stanley32,9500 00For
RBB FUND, INC.24,8890 00For
TIMOTHY PLAN21,5170 00For
Brighthouse16,5360 00For
SEI10,6430 00For
Federated Hermes4,9390 00For
Venerable Variable Insurance Trust4,7890 00For
Vanguard3,9610 00For
UNITED CAPITAL FINANCIAL ADVISORS, LLC2,7870 00For
HUSSMAN INVESTMENT TRUST1,0000 00For
Nationwide9900 00For
RBB Fund Trust9890 00For
Advisors' Inner Circle Fund III3150 00For
Prudential/PGIM2600 00For

18. Advisory Vote on Golden Parachutes

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2026-04-02.

49.7% fund support · no official result

FOR 49.7%AGAINST 50.3%

The 7 asset managers below cast 49.7% of the shares they voted on this item FOR (143,393 for, 145,258 against).

FOR: 143,393 (49.7%)AGAINST: 145,258 (50.3%)
Largest asset managers voting on “Advisory Vote on Golden Parachutes” at NorthWestern Energy Group, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Lincoln Financial0141,853 00Against
JPMorgan97,5590 00For
Empower41,4630 00For
Wilshire Advisors LLC4,3520 00For
APG Asset Management US Inc.03,405 00Against
Coyle Financial Counsel LLC100 00For
MILLER HOWARD INVESTMENTS INC /NY90 00For

19. Adjourn Meeting

CORPORATE GOVERNANCE

Meeting held 2026-04-02.

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (280,875 for, 0 against).

FOR: 280,875 (100.0%)
Largest asset managers voting on “Adjourn Meeting” at NorthWestern Energy Group, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Lincoln Financial141,8530 00For
JPMorgan97,5590 00For
Empower41,4630 00For

20. Approve Merger Agreement

EXTRAORDINARY TRANSACTIONS

Meeting held 2026-04-02.

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (280,875 for, 0 against).

FOR: 280,875 (100.0%)
Largest asset managers voting on “Approve Merger Agreement” at NorthWestern Energy Group, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Lincoln Financial141,8530 00For
JPMorgan97,5590 00For
Empower41,4630 00For

21. DIRECTOR

DIRECTOR ELECTIONS

Meeting held 2026-04-30.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (266,000 for, 0 against).

FOR: 266,000 (100.0%)
Largest asset managers voting on “DIRECTOR” at NorthWestern Energy Group, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Equitable265,0000 00For
HUSSMAN INVESTMENT TRUST1,0000 00For

22. Ratify Deloitte & Touche LLP as Auditors

AUDIT-RELATED

Meeting held 2026-04-30.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (163,045 for, 0 against).

FOR: 163,045 (100.0%)
Largest asset managers voting on “Ratify Deloitte & Touche LLP as Auditors” at NorthWestern Energy Group, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Lincoln Financial128,2820 00For
Empower34,7630 00For

Largest NorthWestern Energy Group, Inc. shareholders voting in 2025-2026

Ranked by the number of NorthWestern Energy Group, Inc. shares each manager voted on the most widely held ballot item of the 2025-2026 meeting, shown as a share of the 61,508,016 shares outstanding at the time of that meeting.

Top NorthWestern Energy Group, Inc. shareholders by shares voted, 2025-2026
#Asset manager % of shares outstanding
1BlackRock 13.19%
2Vanguard 10.89%
3Fidelity 4.82%
4American Century 4.32%
5State Street 3.42%
6GEODE CAPITAL MANAGEMENT, LLC 2.69%
7Charles Schwab 2.65%
8FRANKLIN ADVISERS INC 2.31%
9Franklin Custodian Funds 2.28%
10Neuberger Berman 2.23%

Reported NorthWestern Energy Group, Inc. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

NorthWestern Energy Group, Inc. beneficial owners on record for the 2025-2026 proxy season
Holder % outstanding Disclosure
BlackRock 13.46% 13F
Vanguard Group 10.84% 13F
Vanguard Portfolio Management 5.71% 13G
State Street 3.80% 13F
Franklin Templeton 2.64% 13F
Goldman Sachs 2.20% 13F
Dimensional Fund Advisors 1.66% 13F
Morgan Stanley 1.38% 13F
Charles Schwab 1.32% 13F
Brian Bird 0.25% DEF14A

Percentages above are of 61,508,016 shares outstanding, as reported by NorthWestern Energy Group, Inc. on its Form 10-Q dated 2026-04-24 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from NorthWestern Energy Group, Inc.’s 10-Q dated 2026-04-24. This page is a static snapshot rebuilt weekly on 04 October 2026; a live search always shows the current data.

At NorthWestern Energy Group, Inc.'s 2 shareholder meetings in the 2025-2026 proxy season (held 2026-04-02 and 2026-04-30), 415 asset managers reported how they voted in their SEC Form N-PX filings, covering 6,153 separate fund positions. Their filings are grouped here into 22 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. On the most widely held item of the season, voted at the meeting held 2026-04-30 — Advisory vote to approve named executive officer compensation. — FOR was 98% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: NorthWestern Energy Group, Inc.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on 2026-05-05.

NorthWestern Energy Group, Inc. proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).