How Evans was paid
$6M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|---|
| Linden R. EvansPresident and Chief Executive Officer | $995,594 | — | $2,966,688 | $1,294,886 | $4,179 | $730,412 | $5,991,759 |
| Kimberly F. NooneySr. Vice President and Chief Financial Officer | $487,356 | — | $2,026,226 | $403,243 | $16,132 | $259,363 | $3,192,320 |
| Marne M. JonesSr. Vice President and Chief Utility Officer | $486,475 | — | $1,622,365 | $402,287 | $5,824 | $225,648 | $2,742,599 |
| Sarah A. WiltseSr. Vice President and Chief Human Resources Officer | $362,766 | — | $306,867 | $214,532 | — | $141,420 | $1,025,585 |
| Don ReddenSr. Vice President and Chief Information and Transformation Officer | $176,322 | $50,000 | $304,596 | $97,680 | — | $55,776 | $684,374 |
| Phillip CaseyFormer Sr. Vice President, General Counsel and Chief Compliance Officer | $119,097 | — | $676,876 | — | — | $465,778 | $1,261,751 |
What changed and why
- $6MCEO total compensation increased to $5,991,759 in 2025 from $5,787,141 in 2024.
- 118.40%Short-term incentive plan awards were paid out at 118.40 percent of target based on 2025 performance.
- Black Hills announced a definitive agreement to combine with NorthWestern Energy Group in an all-stock merger.
- No stock options were granted to named executive officers in 2025.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.