Brian Iverson - Feb 26, 2025 Form 4 Insider Report for TXNM ENERGY INC (TXNM)

Role
Gen Couns, SVP Reg-Pub Policy
Signature
/s/ Angela L. Pino, POA for Brian Iverson
Stock symbol
TXNM
Transactions as of
Feb 26, 2025
Transactions value $
-$10,028
Form type
4
Date filed
2/28/2025, 02:19 PM
Previous filing
Sep 17, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TXNM Common Stock Options Exercise $0 +545 +17.35% $0.00 3.69K Feb 26, 2025 Direct F1
transaction TXNM Common Stock Tax liability -$10K -194 -5.26% $51.69 3.49K Feb 26, 2025 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TXNM Restricted Stock Rights Award $0 +3.53K +75.81% $0.00 8.18K Feb 26, 2025 Common Stock 3.53K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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).