Robert P. Otto - 31 Dec 2024 Form 5 Insider Report for BLACK HILLS CORP /SD/ (BKH)

Role: Director
Signature: /s/Amy Koenig
Issuer symbol: BKH
Transactions as of: 31 Dec 2024
Net transactions value: $0
Form type: 5
Filing time: 14 Feb 2025, 14:04:28 UTC
Previous filing: 02 May 2024
Next filing: 02 May 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BKH	Common Stock	Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities	$0	+395	+4%	$0.000000	10,209	31 Dec 2024	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	BKH	Phantom Stock Unit	Award	$0	+408	+4.6%	$0.000000	9,267	31 Dec 2024	Common Stock	408		By Trust	F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares acquired through the Company's Dividend Reinvestment Plan.
F2	1 for 1 conversion ratio
F3	Derivative security is exercisable upon retirement under terms of the agreement.
F4	Derivative security expires upon retirement under terms of the agreement.