Form 4 for TXNM TXNM ENERGY INC
Accepted 2024-12-04 00:00:00 ET · period of report 2024-12-02 · accession 0001562180-24-008156 · 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 | 2024-12-04 | 2024-12-02 | TXNM | TARRY JOSEPH DON | Pres, COO, Dir | F - Tax | $49.05 | -2,995 | 35.2K | -8% | -$146.9K |
| D | 2024-12-04 | 2024-12-02 | TXNM | TARRY JOSEPH DON | Pres, COO, Dir | M - OptEx | $0.00 | +6,617 | 38.2K | +21% | $0 |
| D | 2024-12-04 | 2024-12-02 | TXNM | TARRY JOSEPH DON | Pres, COO, Dir | M - OptEx | $0.00 | -6,617 | 24.7K | -21% | $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 | 2024-12-02 | F | D | 2,995 | $49.05 | 35,176 | D | — | — | (F2) 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. |
| 2 | Common | Common Stock | 2024-12-02 | M | A | 6,617 | $0.00 | 38,171 | D | — | — | (F1) Represents the portion of previous awards of restricted stock rights that vested effective as of December 2, 2024. |
| 3 | Derivative | Restricted Stock Rights | 2024-12-02 | M | D | 6,617 | $0.00 | 24,698 | D | — · — to — | 6,617 Common Stock | (F3) Each restricted stock right represents a contingent right to receive one share of common stock of the Company. (F4) On May 3, 2024, the reporting person was granted 19,851 restricted stock rights, one third of which vested on December 2, 2024 and the remaining two-thirds of which will vest on December 1, 2025, subject to the reporting person's continued employment through such vesting date. |