Ackerman Patricia K 4

What Happened

Patricia K. Ackerman, a director of MGE Energy Inc. (MGEE), was granted 1,039 restricted stock units (RSUs) on March 2, 2026 (transaction code A — award). The grant is recorded at $0.00 as a derivative award; the RSUs convert to common shares on a one-for-one basis when they vest. This is a compensation award (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-03-02; Form 4 filed: 2026-03-03 (reported promptly).
• Amount: 1,039 RSUs; reported price: $0.00 (no cash exchanged at grant).
• Derivative/Grant: RSUs (convert 1:1 to common stock upon vesting) — see footnote F1.
• Vesting: RSUs vest on December 31, 2026 per footnote F2.
• Payout election: Reporting person can elect stock or opt to receive 25% of the award in cash (per F2).
• Shares owned after transaction: Not specified in the available filing.

Context

RSU grants are routine compensation for executives and directors and represent future entitlement to shares upon vesting; they do not reflect an immediate purchase or sale of stock. The 25% cash election gives flexibility at payout but does not change the derivative nature of the grant.