Home › Companies › NorthWestern Energy Group, Inc. › 2025-2026
Compiled from SEC Form N-PX filings and NorthWestern Energy Group, Inc.’s Form 8-K, filed May 5, 2026 (Item 5.07 on EDGAR). Page generated October 14, 2026.
Meeting of April 30, 2026: 11 items on NorthWestern Energy Group, Inc.’s Form 8-K, filed May 5, 2026: 11 without a stated outcome.
Meeting of April 2, 2026: 2 items on NorthWestern Energy Group, Inc.’s Form 8-K, filed April 3, 2026: 2 without a stated outcome.
None.
Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided
Explore NorthWestern Energy Group, Inc. in the interactive database Compare manager voting policies
These tallies are NorthWestern Energy Group, Inc.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed May 5, 2026 (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.
| Ballot item | For | Against | Abstain | Withheld | Broker non-votes | Support (of votes cast) | Reported outcome | Voting standard |
|---|---|---|---|---|---|---|---|---|
| Elect Director: Brian Bird | 51,101,454 | -- | -- | 111,768 | 4,758,892 | 99.7% | Not verified | — |
| Elect Director: Sherina Maye Edwards | 50,951,533 | -- | -- | 261,689 | 4,758,892 | 99.4% | Not verified | — |
| Elect Director: Dave Goodin | 51,102,859 | -- | -- | 110,363 | 4,758,892 | 99.7% | Not verified | — |
| Elect Director: Jan Horsfall | 50,509,775 | -- | -- | 703,447 | 4,758,892 | 99% | Not verified | — |
| Elect Director: Britt Ide | 50,000,831 | -- | -- | 1,212,391 | 4,758,892 | 98% | Not verified | — |
| Elect Director: Kent Larson | 51,104,441 | -- | -- | 108,781 | 4,758,892 | 99.7% | Not verified | — |
| Elect Director: Linda Sullivan | 51,055,568 | -- | -- | 157,654 | 4,758,892 | 99.6% | Not verified | — |
| Elect Director: Mahvash Yazdi | 50,573,556 | -- | -- | 639,666 | 4,758,892 | 99% | Not verified | — |
| Elect Director: Jeffrey Yingling | 50,906,318 | -- | -- | 306,904 | 4,758,892 | 99.4% | Not verified | — |
| 2. Ratification of Independent Registered Public Accounting Firm | 54,542,567 | 1,405,988 | 23,559 | -- | -- | 97% | Not verified | — |
| 3. Advisory Vote on Executive Compensation | 50,209,283 | 944,608 | 59,331 | -- | 4,758,892 | 98% | Not verified | — |
Source: NorthWestern Energy Group, Inc., Form 8-K, filed with the SEC on May 5, 2026 — read the filing on EDGAR.
| Ballot item | For | Against | Abstain | Withheld | Broker non-votes | Support (of votes cast) | Reported outcome | Voting standard |
|---|---|---|---|---|---|---|---|---|
| 2. Advisory Vote on Merger-Related Compensation | 49,365,485 | 3,104,044 | 74,120 | -- | -- | 94% | Not verified | — |
| 3. Approve Adjournment, if necessary | 49,916,231 | 2,559,813 | 67,605 | -- | -- | 95% | Not verified | — |
Source: NorthWestern Energy Group, Inc., Form 8-K, filed with the SEC on April 3, 2026 — read the filing on EDGAR.
Each item below shows how the 412 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.
Meeting held April 30, 2026.
Combines 6 wordings of this item as funds reported it.
99.7% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Brian Bird
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 May 5, 2026 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.7% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 106 asset managers below reported 27,949,380 for, 9,579 withheld.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 6,180,077 | 0 | 0 | 0 | For |
| BlackRock | 5,237,963 | 0 | 0 | 0 | For |
| Fidelity | 2,281,384 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 1,400,000 | 0 | 0 | 0 | For |
| American Century | 1,026,563 | 0 | 0 | 0 | For |
| Charles Schwab | 815,351 | 0 | 0 | 0 | For |
| Delaware/Macquarie | 749,797 | 0 | 0 | 0 | For |
| First Trust | 624,981 | 0 | 0 | 0 | For |
| Gabelli | 548,700 | 0 | 0 | 0 | For |
| Invesco | 507,861 | 0 | 0 | 0 | For |
| ProShares | 492,174 | 0 | 0 | 0 | For |
| Thrivent | 487,598 | 0 | 0 | 0 | For |
| TIAA | 467,214 | 0 | 0 | 0 | For |
| State Street | 444,541 | 0 | 0 | 0 | For |
| MFS | 399,307 | 0 | 0 | 0 | For |
| UNDISCOVERED MANAGERS FUNDS | 390,865 | 0 | 0 | 0 | For |
| AMG Funds IV | 327,158 | 0 | 0 | 0 | For |
| Neuberger Berman | 312,716 | 0 | 0 | 0 | For |
| Equitable | 300,452 | 0 | 0 | 0 | For |
| WisdomTree | 288,963 | 0 | 0 | 0 | For |
| Dimensional | 287,316 | 0 | 0 | 0 | For |
| GMO | 275,629 | 0 | 0 | 0 | For |
| Global X | 272,964 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 216,444 | 0 | 0 | 0 | For |
| AMERICAN BEACON FUNDS | 215,264 | 0 | 0 | 0 | For |
Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.
Meeting held April 30, 2026.
Combines 6 wordings of this item as funds reported it.
98% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Britt Ide
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 May 5, 2026 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 98% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 106 asset managers below reported 27,506,162 for, 344,392 withheld, 108,405 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 6,180,073 | 0 | 4 | 0 | For |
| BlackRock | 5,237,963 | 0 | 0 | 0 | For |
| Fidelity | 2,281,384 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 1,400,000 | 0 | 0 | 0 | For |
| American Century | 1,026,563 | 0 | 0 | 0 | For |
| Charles Schwab | 815,351 | 0 | 0 | 0 | For |
| Delaware/Macquarie | 749,797 | 0 | 0 | 0 | For |
| First Trust | 624,981 | 0 | 0 | 0 | For |
| Gabelli | 548,700 | 0 | 0 | 0 | For |
| Invesco | 507,861 | 0 | 0 | 0 | For |
| ProShares | 492,174 | 0 | 0 | 0 | For |
| Thrivent | 487,598 | 0 | 0 | 0 | For |
| TIAA | 467,214 | 0 | 0 | 0 | For |
| State Street | 444,507 | 0 | 0 | 34 | For |
| MFS | 399,307 | 0 | 0 | 0 | For |
| UNDISCOVERED MANAGERS FUNDS | 390,865 | 0 | 0 | 0 | For |
| AMG Funds IV | 327,158 | 0 | 0 | 0 | For |
| Neuberger Berman | 312,716 | 0 | 0 | 0 | For |
| Equitable | 300,452 | 0 | 0 | 0 | For |
| WisdomTree | 0 | 0 | 0 | 288,963 | Withhold |
| Dimensional | 287,316 | 0 | 0 | 0 | For |
| GMO | 275,629 | 0 | 0 | 0 | For |
| Global X | 272,964 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 216,444 | 0 | 0 | 0 | For |
| AMERICAN BEACON FUNDS | 215,264 | 0 | 0 | 0 | For |
Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.
Meeting held April 30, 2026.
Combines 6 wordings of this item as funds reported it.
99.7% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: David Goodin
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 May 5, 2026 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.7% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 106 asset managers below reported 27,949,380 for, 9,579 withheld.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 6,180,077 | 0 | 0 | 0 | For |
| BlackRock | 5,237,963 | 0 | 0 | 0 | For |
| Fidelity | 2,281,384 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 1,400,000 | 0 | 0 | 0 | For |
| American Century | 1,026,563 | 0 | 0 | 0 | For |
| Charles Schwab | 815,351 | 0 | 0 | 0 | For |
| Delaware/Macquarie | 749,797 | 0 | 0 | 0 | For |
| First Trust | 624,981 | 0 | 0 | 0 | For |
| Gabelli | 548,700 | 0 | 0 | 0 | For |
| Invesco | 507,861 | 0 | 0 | 0 | For |
| ProShares | 492,174 | 0 | 0 | 0 | For |
| Thrivent | 487,598 | 0 | 0 | 0 | For |
| TIAA | 467,214 | 0 | 0 | 0 | For |
| State Street | 444,541 | 0 | 0 | 0 | For |
| MFS | 399,307 | 0 | 0 | 0 | For |
| UNDISCOVERED MANAGERS FUNDS | 390,865 | 0 | 0 | 0 | For |
| AMG Funds IV | 327,158 | 0 | 0 | 0 | For |
| Neuberger Berman | 312,716 | 0 | 0 | 0 | For |
| Equitable | 300,452 | 0 | 0 | 0 | For |
| WisdomTree | 288,963 | 0 | 0 | 0 | For |
| Dimensional | 287,316 | 0 | 0 | 0 | For |
| GMO | 275,629 | 0 | 0 | 0 | For |
| Global X | 272,964 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 216,444 | 0 | 0 | 0 | For |
| AMERICAN BEACON FUNDS | 215,264 | 0 | 0 | 0 | For |
Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.
Meeting held April 30, 2026.
Combines 6 wordings of this item as funds reported it.
99% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Jan Horsfall
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 May 5, 2026 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 106 asset managers below reported 27,947,786 for, 9,937 withheld, 1,236 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 6,180,074 | 0 | 3 | 0 | For |
| BlackRock | 5,237,963 | 0 | 0 | 0 | For |
| Fidelity | 2,281,384 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 1,400,000 | 0 | 0 | 0 | For |
| American Century | 1,026,563 | 0 | 0 | 0 | For |
| Charles Schwab | 815,351 | 0 | 0 | 0 | For |
| Delaware/Macquarie | 749,797 | 0 | 0 | 0 | For |
| First Trust | 624,981 | 0 | 0 | 0 | For |
| Gabelli | 548,700 | 0 | 0 | 0 | For |
| Invesco | 507,861 | 0 | 0 | 0 | For |
| ProShares | 492,174 | 0 | 0 | 0 | For |
| Thrivent | 487,598 | 0 | 0 | 0 | For |
| TIAA | 467,214 | 0 | 0 | 0 | For |
| State Street | 444,507 | 0 | 0 | 34 | For |
| MFS | 399,307 | 0 | 0 | 0 | For |
| UNDISCOVERED MANAGERS FUNDS | 390,865 | 0 | 0 | 0 | For |
| AMG Funds IV | 327,158 | 0 | 0 | 0 | For |
| Neuberger Berman | 312,716 | 0 | 0 | 0 | For |
| Equitable | 300,452 | 0 | 0 | 0 | For |
| WisdomTree | 288,963 | 0 | 0 | 0 | For |
| Dimensional | 287,316 | 0 | 0 | 0 | For |
| GMO | 275,629 | 0 | 0 | 0 | For |
| Global X | 272,964 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 216,444 | 0 | 0 | 0 | For |
| AMERICAN BEACON FUNDS | 215,264 | 0 | 0 | 0 | For |
Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.
Meeting held April 30, 2026.
Combines 6 wordings of this item as funds reported it.
99.4% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Jeffrey Yingling
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 May 5, 2026 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.4% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 106 asset managers below reported 27,949,379 for, 9,579 withheld, 1 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 6,180,076 | 0 | 1 | 0 | For |
| BlackRock | 5,237,963 | 0 | 0 | 0 | For |
| Fidelity | 2,281,384 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 1,400,000 | 0 | 0 | 0 | For |
| American Century | 1,026,563 | 0 | 0 | 0 | For |
| Charles Schwab | 815,351 | 0 | 0 | 0 | For |
| Delaware/Macquarie | 749,797 | 0 | 0 | 0 | For |
| First Trust | 624,981 | 0 | 0 | 0 | For |
| Gabelli | 548,700 | 0 | 0 | 0 | For |
| Invesco | 507,861 | 0 | 0 | 0 | For |
| ProShares | 492,174 | 0 | 0 | 0 | For |
| Thrivent | 487,598 | 0 | 0 | 0 | For |
| TIAA | 467,214 | 0 | 0 | 0 | For |
| State Street | 444,541 | 0 | 0 | 0 | For |
| MFS | 399,307 | 0 | 0 | 0 | For |
| UNDISCOVERED MANAGERS FUNDS | 390,865 | 0 | 0 | 0 | For |
| AMG Funds IV | 327,158 | 0 | 0 | 0 | For |
| Neuberger Berman | 312,716 | 0 | 0 | 0 | For |
| Equitable | 300,452 | 0 | 0 | 0 | For |
| WisdomTree | 288,963 | 0 | 0 | 0 | For |
| Dimensional | 287,316 | 0 | 0 | 0 | For |
| GMO | 275,629 | 0 | 0 | 0 | For |
| Global X | 272,964 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 216,444 | 0 | 0 | 0 | For |
| AMERICAN BEACON FUNDS | 215,264 | 0 | 0 | 0 | For |
Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.
Meeting held April 30, 2026.
Combines 6 wordings of this item as funds reported it.
99.7% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Kent Larson
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 May 5, 2026 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.7% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 106 asset managers below reported 27,949,380 for, 9,579 withheld.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 6,180,077 | 0 | 0 | 0 | For |
| BlackRock | 5,237,963 | 0 | 0 | 0 | For |
| Fidelity | 2,281,384 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 1,400,000 | 0 | 0 | 0 | For |
| American Century | 1,026,563 | 0 | 0 | 0 | For |
| Charles Schwab | 815,351 | 0 | 0 | 0 | For |
| Delaware/Macquarie | 749,797 | 0 | 0 | 0 | For |
| First Trust | 624,981 | 0 | 0 | 0 | For |
| Gabelli | 548,700 | 0 | 0 | 0 | For |
| Invesco | 507,861 | 0 | 0 | 0 | For |
| ProShares | 492,174 | 0 | 0 | 0 | For |
| Thrivent | 487,598 | 0 | 0 | 0 | For |
| TIAA | 467,214 | 0 | 0 | 0 | For |
| State Street | 444,541 | 0 | 0 | 0 | For |
| MFS | 399,307 | 0 | 0 | 0 | For |
| UNDISCOVERED MANAGERS FUNDS | 390,865 | 0 | 0 | 0 | For |
| AMG Funds IV | 327,158 | 0 | 0 | 0 | For |
| Neuberger Berman | 312,716 | 0 | 0 | 0 | For |
| Equitable | 300,452 | 0 | 0 | 0 | For |
| WisdomTree | 288,963 | 0 | 0 | 0 | For |
| Dimensional | 287,316 | 0 | 0 | 0 | For |
| GMO | 275,629 | 0 | 0 | 0 | For |
| Global X | 272,964 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 216,444 | 0 | 0 | 0 | For |
| AMERICAN BEACON FUNDS | 215,264 | 0 | 0 | 0 | For |
Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.
Meeting held April 30, 2026.
Combines 6 wordings of this item as funds reported it.
99.6% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Linda Sullivan
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 May 5, 2026 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.6% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 106 asset managers below reported 27,949,380 for, 9,579 withheld.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 6,180,077 | 0 | 0 | 0 | For |
| BlackRock | 5,237,963 | 0 | 0 | 0 | For |
| Fidelity | 2,281,384 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 1,400,000 | 0 | 0 | 0 | For |
| American Century | 1,026,563 | 0 | 0 | 0 | For |
| Charles Schwab | 815,351 | 0 | 0 | 0 | For |
| Delaware/Macquarie | 749,797 | 0 | 0 | 0 | For |
| First Trust | 624,981 | 0 | 0 | 0 | For |
| Gabelli | 548,700 | 0 | 0 | 0 | For |
| Invesco | 507,861 | 0 | 0 | 0 | For |
| ProShares | 492,174 | 0 | 0 | 0 | For |
| Thrivent | 487,598 | 0 | 0 | 0 | For |
| TIAA | 467,214 | 0 | 0 | 0 | For |
| State Street | 444,541 | 0 | 0 | 0 | For |
| MFS | 399,307 | 0 | 0 | 0 | For |
| UNDISCOVERED MANAGERS FUNDS | 390,865 | 0 | 0 | 0 | For |
| AMG Funds IV | 327,158 | 0 | 0 | 0 | For |
| Neuberger Berman | 312,716 | 0 | 0 | 0 | For |
| Equitable | 300,452 | 0 | 0 | 0 | For |
| WisdomTree | 288,963 | 0 | 0 | 0 | For |
| Dimensional | 287,316 | 0 | 0 | 0 | For |
| GMO | 275,629 | 0 | 0 | 0 | For |
| Global X | 272,964 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 216,444 | 0 | 0 | 0 | For |
| AMERICAN BEACON FUNDS | 215,264 | 0 | 0 | 0 | For |
Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.
Meeting held April 30, 2026.
Combines 6 wordings of this item as funds reported it.
99% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Mahvash Yazdi
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 May 5, 2026 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 106 asset managers below reported 27,949,378 for, 9,579 withheld, 2 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 6,180,075 | 0 | 2 | 0 | For |
| BlackRock | 5,237,963 | 0 | 0 | 0 | For |
| Fidelity | 2,281,384 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 1,400,000 | 0 | 0 | 0 | For |
| American Century | 1,026,563 | 0 | 0 | 0 | For |
| Charles Schwab | 815,351 | 0 | 0 | 0 | For |
| Delaware/Macquarie | 749,797 | 0 | 0 | 0 | For |
| First Trust | 624,981 | 0 | 0 | 0 | For |
| Gabelli | 548,700 | 0 | 0 | 0 | For |
| Invesco | 507,861 | 0 | 0 | 0 | For |
| ProShares | 492,174 | 0 | 0 | 0 | For |
| Thrivent | 487,598 | 0 | 0 | 0 | For |
| TIAA | 467,214 | 0 | 0 | 0 | For |
| State Street | 444,541 | 0 | 0 | 0 | For |
| MFS | 399,307 | 0 | 0 | 0 | For |
| UNDISCOVERED MANAGERS FUNDS | 390,865 | 0 | 0 | 0 | For |
| AMG Funds IV | 327,158 | 0 | 0 | 0 | For |
| Neuberger Berman | 312,716 | 0 | 0 | 0 | For |
| Equitable | 300,452 | 0 | 0 | 0 | For |
| WisdomTree | 288,963 | 0 | 0 | 0 | For |
| Dimensional | 287,316 | 0 | 0 | 0 | For |
| GMO | 275,629 | 0 | 0 | 0 | For |
| Global X | 272,964 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 216,444 | 0 | 0 | 0 | For |
| AMERICAN BEACON FUNDS | 215,264 | 0 | 0 | 0 | For |
Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.
Meeting held April 30, 2026.
Combines 6 wordings of this item as funds reported it.
99.4% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Sherina Maye Edwards
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 May 5, 2026 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.4% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 106 asset managers below reported 27,949,380 for, 9,579 withheld.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 6,180,077 | 0 | 0 | 0 | For |
| BlackRock | 5,237,963 | 0 | 0 | 0 | For |
| Fidelity | 2,281,384 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 1,400,000 | 0 | 0 | 0 | For |
| American Century | 1,026,563 | 0 | 0 | 0 | For |
| Charles Schwab | 815,351 | 0 | 0 | 0 | For |
| Delaware/Macquarie | 749,797 | 0 | 0 | 0 | For |
| First Trust | 624,981 | 0 | 0 | 0 | For |
| Gabelli | 548,700 | 0 | 0 | 0 | For |
| Invesco | 507,861 | 0 | 0 | 0 | For |
| ProShares | 492,174 | 0 | 0 | 0 | For |
| Thrivent | 487,598 | 0 | 0 | 0 | For |
| TIAA | 467,214 | 0 | 0 | 0 | For |
| State Street | 444,541 | 0 | 0 | 0 | For |
| MFS | 399,307 | 0 | 0 | 0 | For |
| UNDISCOVERED MANAGERS FUNDS | 390,865 | 0 | 0 | 0 | For |
| AMG Funds IV | 327,158 | 0 | 0 | 0 | For |
| Neuberger Berman | 312,716 | 0 | 0 | 0 | For |
| Equitable | 300,452 | 0 | 0 | 0 | For |
| WisdomTree | 288,963 | 0 | 0 | 0 | For |
| Dimensional | 287,316 | 0 | 0 | 0 | For |
| GMO | 275,629 | 0 | 0 | 0 | For |
| Global X | 272,964 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 216,444 | 0 | 0 | 0 | For |
| AMERICAN BEACON FUNDS | 215,264 | 0 | 0 | 0 | For |
Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.
Meeting held April 2, 2026.
Combines 2 wordings of this item as funds reported it.
100% of fund votes cast · no official result
Description as filed by funds: 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");
The 63 asset managers below reported 18,855,728 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 6,128,747 | 0 | 0 | 0 | For |
| Fidelity | 2,611,094 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 1,400,000 | 0 | 0 | 0 | For |
| American Century | 1,131,612 | 0 | 0 | 0 | For |
| Delaware/Macquarie | 767,306 | 0 | 0 | 0 | For |
| First Trust | 625,100 | 0 | 0 | 0 | For |
| Invesco | 508,260 | 0 | 0 | 0 | For |
| ProShares | 489,445 | 0 | 0 | 0 | For |
| Thrivent | 487,589 | 0 | 0 | 0 | For |
| TIAA | 467,303 | 0 | 0 | 0 | For |
| State Street | 437,713 | 0 | 0 | 0 | For |
| Dimensional | 426,005 | 0 | 0 | 0 | For |
| MFS | 402,261 | 0 | 0 | 0 | For |
| Equitable | 308,865 | 0 | 0 | 0 | For |
| WisdomTree | 289,415 | 0 | 0 | 0 | For |
| GMO | 275,632 | 0 | 0 | 0 | For |
| AMERICAN BEACON FUNDS | 235,538 | 0 | 0 | 0 | For |
| Victory Capital | 165,255 | 0 | 0 | 0 | For |
| Dunham Funds | 163,051 | 0 | 0 | 0 | For |
| Northern Trust | 145,289 | 0 | 0 | 0 | For |
| Northwestern Mutual | 144,499 | 0 | 0 | 0 | For |
| WILLIAM BLAIR FUNDS | 141,293 | 0 | 0 | 0 | For |
| New York Life | 131,312 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 104,814 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 96,071 | 0 | 0 | 0 | For |
Showing the 25 largest of 63 asset managers. See all 63 in the interactive database.
Meeting held April 2, 2026.
100% of fund votes cast · no official result
Description as filed by funds: 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.;
The 29 asset managers below reported 7,685,906 for, 3,184 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| BlackRock | 5,149,388 | 0 | 0 | 0 | For |
| Gabelli | 548,700 | 0 | 0 | 0 | For |
| UNDISCOVERED MANAGERS FUNDS | 390,865 | 0 | 0 | 0 | For |
| AMG Funds IV | 332,615 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 214,766 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 204,850 | 0 | 0 | 0 | For |
| AMG FUNDS | 182,992 | 0 | 0 | 0 | For |
| Jackson National | 178,782 | 0 | 0 | 0 | For |
| Ultimus Managers Trust | 146,466 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 101,380 | 0 | 0 | 0 | For |
| John Hancock | 64,499 | 0 | 0 | 0 | For |
| Six Circles Trust | 40,749 | 0 | 0 | 0 | For |
| NORTHERN LIGHTS FUND TRUST II | 39,806 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 16,527 | 0 | 0 | 0 | For |
| ALTSHARES TRUST | 13,320 | 0 | 0 | 0 | For |
| CARILLON SERIES TRUST | 11,496 | 0 | 0 | 0 | For |
| Allianz | 9,680 | 0 | 0 | 0 | For |
| SPIRIT OF AMERICA INVESTMENT FUND INC | 8,700 | 0 | 0 | 0 | For |
| Series Portfolios Trust | 8,152 | 0 | 0 | 0 | For |
| Pacer Funds Trust | 7,181 | 0 | 0 | 0 | For |
| Crewe Advisors LLC | 5,855 | 0 | 0 | 0 | For |
| Securian Funds Trust | 4,449 | 0 | 0 | 0 | For |
| MFG FUNDS, INC. | 0 | 0 | 3,184 | 0 | Abstain |
| EA Series Trust | 2,072 | 0 | 0 | 0 | For |
| Innovator ETFs Trust | 1,113 | 0 | 0 | 0 | For |
Showing the 25 largest of 29 asset managers. See all 29 in the interactive database.
Meeting held April 2, 2026.
Combines 2 wordings of this item as funds reported it.
100% of fund votes cast · no official result
Description as filed by funds: 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.
The 22 asset managers below reported 2,216,137 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Charles Schwab | 811,357 | 0 | 0 | 0 | For |
| Global X | 326,817 | 0 | 0 | 0 | For |
| Neuberger Berman | 312,716 | 0 | 0 | 0 | For |
| Equitable | 265,000 | 0 | 0 | 0 | For |
| Transamerica | 159,100 | 0 | 0 | 0 | For |
| Fidelity | 102,215 | 0 | 0 | 0 | For |
| Russell Investments | 62,367 | 0 | 0 | 0 | For |
| HEARTLAND GROUP INC | 50,000 | 0 | 0 | 0 | For |
| Morgan Stanley | 32,950 | 0 | 0 | 0 | For |
| RBB FUND, INC. | 24,889 | 0 | 0 | 0 | For |
| TIMOTHY PLAN | 21,517 | 0 | 0 | 0 | For |
| Brighthouse | 16,536 | 0 | 0 | 0 | For |
| SEI | 10,643 | 0 | 0 | 0 | For |
| Federated Hermes | 4,939 | 0 | 0 | 0 | For |
| Venerable Variable Insurance Trust | 4,789 | 0 | 0 | 0 | For |
| Vanguard | 3,961 | 0 | 0 | 0 | For |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC | 2,787 | 0 | 0 | 0 | For |
| HUSSMAN INVESTMENT TRUST | 1,000 | 0 | 0 | 0 | For |
| Nationwide | 990 | 0 | 0 | 0 | For |
| RBB Fund Trust | 989 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund III | 315 | 0 | 0 | 0 | For |
| Prudential/PGIM | 260 | 0 | 0 | 0 | For |
Meeting held April 2, 2026.
100% of fund votes cast · no official result
The 3 asset managers below reported 280,875 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Lincoln Financial | 141,853 | 0 | 0 | 0 | For |
| JPMorgan | 97,559 | 0 | 0 | 0 | For |
| Empower | 41,463 | 0 | 0 | 0 | For |
Meeting held April 2, 2026.
Combines 2 wordings of this item as funds reported it.
95% Majority: yes · of votes cast
Description as filed by funds: To vote on a proposal to approve any motion to adjourn the NorthWestern special meeting, if necessary (the "NorthWestern Meeting Adjournment Proposal").
NorthWestern Energy Group, Inc.’s own tally for this item (“3. Approve Adjournment, if necessary”): 49,916,231 for, 2,559,813 against, per its Form 8-K filed April 3, 2026 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 63 asset managers below reported 18,339,687 for, 516,041 against.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 6,128,747 | 0 | 0 | 0 | For |
| Fidelity | 2,611,094 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 1,400,000 | 0 | 0 | 0 | For |
| American Century | 1,131,612 | 0 | 0 | 0 | For |
| Delaware/Macquarie | 767,306 | 0 | 0 | 0 | For |
| First Trust | 625,100 | 0 | 0 | 0 | For |
| Invesco | 508,260 | 0 | 0 | 0 | For |
| ProShares | 489,445 | 0 | 0 | 0 | For |
| Thrivent | 487,589 | 0 | 0 | 0 | For |
| TIAA | 467,303 | 0 | 0 | 0 | For |
| State Street | 1,271 | 436,442 | 0 | 0 | Against |
| Dimensional | 426,005 | 0 | 0 | 0 | For |
| MFS | 402,261 | 0 | 0 | 0 | For |
| Equitable | 308,865 | 0 | 0 | 0 | For |
| WisdomTree | 289,415 | 0 | 0 | 0 | For |
| GMO | 275,632 | 0 | 0 | 0 | For |
| AMERICAN BEACON FUNDS | 235,538 | 0 | 0 | 0 | For |
| Victory Capital | 165,255 | 0 | 0 | 0 | For |
| Dunham Funds | 163,051 | 0 | 0 | 0 | For |
| Northern Trust | 145,289 | 0 | 0 | 0 | For |
| Northwestern Mutual | 144,499 | 0 | 0 | 0 | For |
| WILLIAM BLAIR FUNDS | 141,293 | 0 | 0 | 0 | For |
| New York Life | 131,312 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 104,814 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 96,071 | 0 | 0 | 0 | For |
Showing the 25 largest of 63 asset managers. See all 63 in the interactive database.
Meeting held April 2, 2026.
Combines 2 wordings of this item as funds reported it.
95% Majority: yes · of votes cast
Description as filed by funds: A proposal to approve any motion to adjourn the NorthWestern special meeting, if necessary.
NorthWestern Energy Group, Inc.’s own tally for this item (“3. Approve Adjournment, if necessary”): 49,916,231 for, 2,559,813 against, per its Form 8-K filed April 3, 2026 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 50 asset managers below reported 9,892,670 for, 3 against, 9,767 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| BlackRock | 5,149,388 | 0 | 0 | 0 | For |
| Charles Schwab | 811,357 | 0 | 0 | 0 | For |
| Gabelli | 548,700 | 0 | 0 | 0 | For |
| UNDISCOVERED MANAGERS FUNDS | 390,865 | 0 | 0 | 0 | For |
| AMG Funds IV | 332,615 | 0 | 0 | 0 | For |
| Global X | 326,817 | 0 | 0 | 0 | For |
| Neuberger Berman | 312,716 | 0 | 0 | 0 | For |
| Equitable | 265,000 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 214,766 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 204,850 | 0 | 0 | 0 | For |
| AMG FUNDS | 182,992 | 0 | 0 | 0 | For |
| Jackson National | 178,782 | 0 | 0 | 0 | For |
| Transamerica | 159,100 | 0 | 0 | 0 | For |
| Ultimus Managers Trust | 146,466 | 0 | 0 | 0 | For |
| Fidelity | 102,215 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 101,380 | 0 | 0 | 0 | For |
| John Hancock | 64,499 | 0 | 0 | 0 | For |
| Russell Investments | 62,367 | 0 | 0 | 0 | For |
| HEARTLAND GROUP INC | 50,000 | 0 | 0 | 0 | For |
| Six Circles Trust | 40,749 | 0 | 0 | 0 | For |
| NORTHERN LIGHTS FUND TRUST II | 39,806 | 0 | 0 | 0 | For |
| Morgan Stanley | 32,950 | 0 | 0 | 0 | For |
| RBB FUND, INC. | 24,889 | 0 | 0 | 0 | For |
| TIMOTHY PLAN | 21,517 | 0 | 0 | 0 | For |
| Brighthouse | 6,769 | 0 | 9,767 | 0 | Mixed |
Showing the 25 largest of 50 asset managers. See all 50 in the interactive database.
Meeting held April 2, 2026.
100% of fund votes cast · no official result
The 3 asset managers below reported 280,875 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Lincoln Financial | 141,853 | 0 | 0 | 0 | For |
| JPMorgan | 97,559 | 0 | 0 | 0 | For |
| Empower | 41,463 | 0 | 0 | 0 | For |
Meeting held April 30, 2026.
Combines 6 wordings of this item as funds reported it.
98% Majority: yes · of votes cast
Description as filed by funds: Advisory vote to approve named executive officer compensation.
NorthWestern Energy Group, Inc.’s own tally for this item (“3. Advisory Vote on Executive Compensation”): 50,209,283 for, 944,608 against, per its Form 8-K filed May 5, 2026 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 6,180,074 | 3 | 0 | 0 | For |
| BlackRock | 5,237,963 | 0 | 0 | 0 | For |
| Fidelity | 2,281,384 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 1,400,000 | 0 | 0 | 0 | For |
| American Century | 1,026,563 | 0 | 0 | 0 | For |
| Charles Schwab | 815,351 | 0 | 0 | 0 | For |
| Delaware/Macquarie | 749,797 | 0 | 0 | 0 | For |
| First Trust | 624,981 | 0 | 0 | 0 | For |
| Equitable | 565,452 | 0 | 0 | 0 | For |
| Gabelli | 548,700 | 0 | 0 | 0 | For |
| Invesco | 507,861 | 0 | 0 | 0 | For |
| ProShares | 492,174 | 0 | 0 | 0 | For |
| Thrivent | 487,598 | 0 | 0 | 0 | For |
| TIAA | 467,214 | 0 | 0 | 0 | For |
| State Street | 444,541 | 0 | 0 | 0 | For |
| MFS | 399,307 | 0 | 0 | 0 | For |
| UNDISCOVERED MANAGERS FUNDS | 390,865 | 0 | 0 | 0 | For |
| AMG Funds IV | 327,158 | 0 | 0 | 0 | For |
| Neuberger Berman | 312,716 | 0 | 0 | 0 | For |
| WisdomTree | 288,963 | 0 | 0 | 0 | For |
| Dimensional | 287,316 | 0 | 0 | 0 | For |
| GMO | 275,629 | 0 | 0 | 0 | For |
| Global X | 272,964 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 216,444 | 0 | 0 | 0 | For |
| AMERICAN BEACON FUNDS | 215,264 | 0 | 0 | 0 | For |
Fund voting reports, all 105 managers: 28,191,846 for, 16,268 against, 10,579 abstained. Showing the 25 largest; see all in the interactive database.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| BlackRock | 2,874,043 | 862 | 0 | 0 | For |
| State Street | 1,653,978 | 2,156 | 0 | 0 | For |
| GEODE CAPITAL MANAGEMENT, LLC | 1,653,303 | 0 | 0 | 0 | For |
| American Century | 1,627,559 | 0 | 0 | 0 | For |
| FRANKLIN ADVISERS INC | 1,419,996 | 0 | 0 | 0 | For |
| Neuberger Berman | 1,059,063 | 0 | 0 | 0 | For |
| River Road Asset Management, LLC | 921,299 | 0 | 0 | 0 | For |
| NOMURA INVESTMENT MANAGEMENT BUSINESS TRUST | 848,609 | 0 | 0 | 0 | For |
| Charles Schwab | 815,941 | 0 | 0 | 0 | For |
| Fidelity | 683,972 | 0 | 0 | 0 | For |
| SYSTEMATIC FINANCIAL MANAGEMENT LP | 629,298 | 0 | 0 | 0 | For |
| Northern Trust | 595,968 | 0 | 0 | 0 | For |
| AllianceBernstein | 581,644 | 0 | 0 | 0 | For |
| CAXTON ASSOCIATES LLP | 572,293 | 0 | 0 | 0 | For |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 561,799 | 0 | 0 | 0 | For |
| Invesco | 550,008 | 0 | 0 | 0 | For |
| Vanguard | 518,266 | 0 | 0 | 0 | For |
| AQR | 509,773 | 0 | 0 | 0 | For |
| GW&K Investment Management, LLC | 503,483 | 0 | 0 | 0 | For |
| MELLON INVESTMENTS Corp | 498,868 | 0 | 0 | 0 | For |
| Thrivent | 489,534 | 0 | 0 | 0 | For |
| Nuveen | 477,136 | 0 | 0 | 0 | For |
| FULLER & THALER ASSET MANAGEMENT, INC. | 471,568 | 0 | 0 | 0 | For |
| Grantham, Mayo, Van Otterloo & Co. LLC | 462,194 | 0 | 0 | 0 | For |
| RAYMOND JAMES & ASSOCIATES | 365,324 | 0 | 0 | 0 | For |
Institutional-manager reports, all 312 managers: 28,850,370 for, 600,177 against, 918 abstained, 289 not voted. Showing the 25 largest; see all in the interactive database.
Meeting held April 2, 2026.
Combines 14 wordings of this item as funds reported it.
94% Majority: yes · of votes cast
Description as filed by funds: 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
NorthWestern Energy Group, Inc.’s own tally for this item (“2. Advisory Vote on Merger-Related Compensation”): 49,365,485 for, 3,104,044 against, per its Form 8-K filed April 3, 2026 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 94% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 6,130,877 | 1,830 | 0 | 0 | For |
| BlackRock | 5,149,388 | 0 | 0 | 0 | For |
| Fidelity | 2,713,309 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 1,400,000 | 0 | 0 | 0 | For |
| American Century | 0 | 1,131,612 | 0 | 0 | Against |
| Charles Schwab | 811,357 | 0 | 0 | 0 | For |
| Delaware/Macquarie | 767,306 | 0 | 0 | 0 | For |
| First Trust | 625,100 | 0 | 0 | 0 | For |
| Equitable | 463,814 | 110,051 | 0 | 0 | Mixed |
| Gabelli | 548,700 | 0 | 0 | 0 | For |
| Invesco | 508,260 | 0 | 0 | 0 | For |
| ProShares | 489,445 | 0 | 0 | 0 | For |
| Thrivent | 487,589 | 0 | 0 | 0 | For |
| TIAA | 467,303 | 0 | 0 | 0 | For |
| State Street | 437,120 | 593 | 0 | 0 | For |
| Dimensional | 426,005 | 0 | 0 | 0 | For |
| MFS | 402,261 | 0 | 0 | 0 | For |
| UNDISCOVERED MANAGERS FUNDS | 390,865 | 0 | 0 | 0 | For |
| AMG Funds IV | 332,615 | 0 | 0 | 0 | For |
| Global X | 326,817 | 0 | 0 | 0 | For |
| Neuberger Berman | 312,716 | 0 | 0 | 0 | For |
| WisdomTree | 289,415 | 0 | 0 | 0 | For |
| GMO | 275,632 | 0 | 0 | 0 | For |
| AMERICAN BEACON FUNDS | 235,538 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 185,663 | 29,103 | 0 | 0 | Mixed |
Fund voting reports, all 104 managers: 27,210,923 for, 1,530,211 against, 10,767 abstained. Showing the 25 largest; see all in the interactive database.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| BlackRock | 3,013,391 | 0 | 0 | 0 | For |
| American Century | 0 | 1,797,277 | 0 | 0 | Against |
| GEODE CAPITAL MANAGEMENT, LLC | 1,639,107 | 0 | 0 | 0 | For |
| State Street | 1,635,468 | 2,094 | 0 | 0 | For |
| FRANKLIN ADVISERS INC | 1,419,906 | 0 | 0 | 0 | For |
| Fidelity | 1,125,686 | 0 | 0 | 0 | For |
| Neuberger Berman | 1,090,507 | 0 | 0 | 0 | For |
| River Road Asset Management, LLC | 941,807 | 0 | 0 | 0 | For |
| NOMURA INVESTMENT MANAGEMENT BUSINESS TRUST | 866,239 | 0 | 0 | 0 | For |
| AQR | 822,388 | 0 | 0 | 0 | For |
| Charles Schwab | 811,945 | 0 | 0 | 0 | For |
| SYSTEMATIC FINANCIAL MANAGEMENT LP | 596,307 | 43,525 | 0 | 0 | Mixed |
| Northern Trust | 594,199 | 0 | 0 | 0 | For |
| AllianceBernstein | 581,406 | 0 | 0 | 0 | For |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 564,753 | 0 | 0 | 0 | For |
| Invesco | 564,155 | 0 | 0 | 0 | For |
| Vanguard | 510,045 | 0 | 0 | 0 | For |
| GW&K Investment Management, LLC | 506,435 | 0 | 0 | 0 | For |
| MELLON INVESTMENTS Corp | 504,443 | 0 | 0 | 0 | For |
| BALYASNY ASSET MANAGEMENT L.P. | 500,885 | 0 | 0 | 0 | For |
| Nuveen | 498,719 | 0 | 0 | 0 | For |
| Thrivent | 489,511 | 0 | 0 | 0 | For |
| FULLER & THALER ASSET MANAGEMENT, INC. | 471,992 | 0 | 0 | 0 | For |
| Grantham, Mayo, Van Otterloo & Co. LLC | 462,197 | 0 | 0 | 0 | For |
| CAXTON ASSOCIATES LLP | 451,391 | 0 | 0 | 0 | For |
Institutional-manager reports, all 306 managers: 28,309,331 for, 2,644,212 against, 7,253 abstained, 113 not voted. Showing the 25 largest; see all in the interactive database.
Meeting held April 2, 2026.
49.7% Fund and manager reports combined; may count the same shares twice · no official result
Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Lincoln Financial | 0 | 141,853 | 0 | 0 | Against |
| JPMorgan | 97,559 | 0 | 0 | 0 | For |
| Empower | 41,463 | 0 | 0 | 0 | For |
Fund voting reports, all 3 managers: 139,022 for, 141,853 against.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Wilshire Advisors LLC | 4,352 | 0 | 0 | 0 | For |
| APG Asset Management US Inc. | 0 | 3,405 | 0 | 0 | Against |
| Coyle Financial Counsel LLC | 10 | 0 | 0 | 0 | For |
| MILLER HOWARD INVESTMENTS INC /NY | 9 | 0 | 0 | 0 | For |
Institutional-manager reports, all 4 managers: 4,371 for, 3,405 against.
Meeting held April 30, 2026.
97% Majority: yes · of votes cast
Description as filed by funds: RATIFICATION OF DELOITTE & TOUCHE LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2026.
NorthWestern Energy Group, Inc.’s own tally for this item (“2. Ratification of Independent Registered Public Accounting Firm”): 54,542,567 for, 1,405,988 against, per its Form 8-K filed May 5, 2026 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 106 asset managers below reported 28,043,421 for, 8,914 against, 9,579 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 6,176,718 | 3,359 | 0 | 0 | For |
| BlackRock | 5,237,963 | 0 | 0 | 0 | For |
| Fidelity | 2,281,384 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 1,400,000 | 0 | 0 | 0 | For |
| American Century | 1,026,563 | 0 | 0 | 0 | For |
| Charles Schwab | 815,351 | 0 | 0 | 0 | For |
| Delaware/Macquarie | 749,797 | 0 | 0 | 0 | For |
| First Trust | 624,981 | 0 | 0 | 0 | For |
| Equitable | 565,452 | 0 | 0 | 0 | For |
| Gabelli | 548,700 | 0 | 0 | 0 | For |
| Invesco | 507,861 | 0 | 0 | 0 | For |
| ProShares | 492,174 | 0 | 0 | 0 | For |
| Thrivent | 487,598 | 0 | 0 | 0 | For |
| TIAA | 467,214 | 0 | 0 | 0 | For |
| State Street | 444,507 | 34 | 0 | 0 | For |
| MFS | 399,307 | 0 | 0 | 0 | For |
| UNDISCOVERED MANAGERS FUNDS | 390,865 | 0 | 0 | 0 | For |
| AMG Funds IV | 327,158 | 0 | 0 | 0 | For |
| Neuberger Berman | 312,716 | 0 | 0 | 0 | For |
| WisdomTree | 288,963 | 0 | 0 | 0 | For |
| Dimensional | 287,316 | 0 | 0 | 0 | For |
| GMO | 275,629 | 0 | 0 | 0 | For |
| Global X | 272,964 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 216,444 | 0 | 0 | 0 | For |
| AMERICAN BEACON FUNDS | 215,264 | 0 | 0 | 0 | For |
Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.
Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 61,508,016 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Vanguard | 10.05% |
| 2 | BlackRock | 8.52% |
| 3 | Fidelity | 3.71% |
| 4 | Franklin Custodian Funds | 2.28% |
| 5 | American Century | 1.67% |
| 6 | Charles Schwab | 1.33% |
| 7 | Delaware/Macquarie | 1.22% |
| 8 | First Trust | 1.02% |
| 9 | Equitable | 0.92% |
| 10 | Gabelli | 0.89% |
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | BlackRock | 4.67% |
| 2 | State Street | 2.69% |
| 3 | GEODE CAPITAL MANAGEMENT, LLC | 2.69% |
| 4 | American Century | 2.65% |
| 5 | FRANKLIN ADVISERS INC | 2.31% |
| 6 | Neuberger Berman | 1.72% |
| 7 | River Road Asset Management, LLC | 1.50% |
| 8 | NOMURA INVESTMENT MANAGEMENT BUSINESS TRUST | 1.38% |
| 9 | Charles Schwab | 1.33% |
| 10 | Fidelity | 1.11% |
As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.
| 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 April 24, 2026 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.
Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), 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 April 24, 2026. This page is a static snapshot rebuilt weekly on October 14, 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 April 2, 2026 and April 30, 2026), 412 asset managers reported how they voted in their SEC Form N-PX filings, covering 6,206 separate fund positions. Their filings are grouped here into 20 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 April 30, 2026 — 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 May 5, 2026.
NorthWestern Energy Group, Inc. proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).
Download data (CSV): ballot items · votes by manager · column guide.