Form 4 for TXNM TXNM ENERGY INC
Accepted 2024-09-17 00:00:00 ET · period of report 2024-09-16 · accession 0001562180-24-006843 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-09-17 | 2024-09-16 | TXNM | Iverson Brian | Gen Couns, SVP Reg-Pub Policy | M - OptEx | — | +4,650 | 4,750 | +4,650% | — |
| D | 2024-09-17 | 2024-09-16 | TXNM | Iverson Brian | Gen Couns, SVP Reg-Pub Policy | F - Tax | $43.01 | -1,608 | 3,142 | -34% | -$69.2K |
| D | 2024-09-17 | 2024-09-16 | TXNM | Iverson Brian | Gen Couns, SVP Reg-Pub Policy | A - Grant | $0.00 | +9,300 | 9,300 | New | $0 |
| D | 2024-09-17 | 2024-09-16 | TXNM | Iverson Brian | Gen Couns, SVP Reg-Pub Policy | M - OptEx | $0.00 | -4,650 | 4,650 | -50% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-09-16 | M | A | 4,650 | — | 4,750 | D | — | — | (F1) Represents the portion of restricted stock rights granted on September 16, 2024 that vested on such grant date. (F2) Each restricted stock right represents a contingent right to receive one share of the Company common stock. |
| 2 | Common | Common Stock | 2024-09-16 | F | D | 1,608 | $43.01 | 3,142 | D | — | — | (F3) Represents shares withheld by TXNM Energy, Inc. (the "Company") to satisfy the tax withholding obligations arising in connection with the settlement of equity awards. The Company utilizes a modified "share withholding" approach in connection with settling equity awards, in which it (i) withholds (in cash) an amount to satisfy tax withholding obligations and remits such amount to the relevant tax authorities, and (ii) directs a designated broker to purchase on the open market the number of shares of the Company's common stock that can be acquired with the after-tax value of equity awards at the prevailing market price. Only these "net shares" are delivered to the recipient of the equity awards. |
| 3 | Derivative | Restricted Stock Rights | 2024-09-16 | A | A | 9,300 | $0.00 | 9,300 | D | — · — to — | 9,300 Common Stock | (F2) Each restricted stock right represents a contingent right to receive one share of the Company common stock. (F4) Fifty percent of the restricted stock rights vest immediately on the grant date, and the remaining restricted stock rights will vest on the first anniversary of the grant date, subject to the reporting person's continued employment with the Company through such vesting date. Vested shares will be delivered to the reporting person on the applicable vesting dates (or, if the Company is in a blackout period under its insider trading policy on any vesting date, at a later date after such blackout period ends). |
| 4 | Derivative | Restricted Stock Rights | 2024-09-16 | M | D | 4,650 | $0.00 | 4,650 | D | — · — to — | 4,650 Common Stock | (F2) Each restricted stock right represents a contingent right to receive one share of the Company common stock. (F4) Fifty percent of the restricted stock rights vest immediately on the grant date, and the remaining restricted stock rights will vest on the first anniversary of the grant date, subject to the reporting person's continued employment with the Company through such vesting date. Vested shares will be delivered to the reporting person on the applicable vesting dates (or, if the Company is in a blackout period under its insider trading policy on any vesting date, at a later date after such blackout period ends). |