Form 4 for TXNM TXNM ENERGY INC
Accepted 2025-02-28 00:00:00 ET · period of report 2025-02-26 · accession 0001562180-25-001768 · 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 | 2025-02-28 | 2025-02-26 | TXNM | Iverson Brian | Gen Couns, SVP Reg-Pub Policy | F - Tax | $51.69 | -194 | 3,493 | -5% | -$10.0K |
| D | 2025-02-28 | 2025-02-26 | TXNM | Iverson Brian | Gen Couns, SVP Reg-Pub Policy | M - OptEx | $0.00 | +545 | 3,687 | +17% | $0 |
| D | 2025-02-28 | 2025-02-26 | TXNM | Iverson Brian | Gen Couns, SVP Reg-Pub Policy | A - Grant | $0.00 | +3,525 | 8,175 | +76% | $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 | 2025-02-26 | F | D | 194 | $51.69 | 3,493 | 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 | 2025-02-26 | M | A | 545 | $0.00 | 3,687 | D | — | — | (F1) The performance shares were earned as of December 31, 2024 for the 2022-2024 performance period, and settled on February 26, 2025. |
| 3 | Derivative | Restricted Stock Rights | 2025-02-26 | A | A | 3,525 | $0.00 | 8,175 | D | — · — to — | 3,525 Common Stock | (F3) Each restricted stock right represents a contingent right to receive one share of TXNM Energy, Inc. common stock (F4) The restricted stock units vest in three equal annual installments. 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). |