4//SEC Filing
Bischoff Gerald R 4
Accession 0001562180-25-001766
CIK 0001108426other
Filed
Feb 27, 7:00 PM ET
Accepted
Feb 28, 2:18 PM ET
Size
12.5 KB
Accession
0001562180-25-001766
Insider Transaction Report
Form 4
TXNM ENERGY INCTXNM
Bischoff Gerald R
VP and Corporate Controller
Transactions
- Exercise/Conversion
Common Stock
2025-02-26+328→ 866 total - Tax Payment
Common Stock
2025-02-26$51.69/sh−166$8,581→ 700 total - Award
Restricted Stock Rights
2025-02-26+897→ 2,333 total→ Common Stock (897 underlying)
Footnotes (4)
- [F1]The performance shares were earned as of December 31, 2024 for the 2022-2024 performance period, and settled on February 26, 2025.
- [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.
- [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).
Issuer
TXNM ENERGY INC
CIK 0001108426
Entity typeother
Related Parties
1- filerCIK 0002004351
Filing Metadata
- Form type
- 4
- Filed
- Feb 27, 7:00 PM ET
- Accepted
- Feb 28, 2:18 PM ET
- Size
- 12.5 KB