VICKY A. BAILEY - 13 May 2025 Form 4 Insider Report for TXNM ENERGY INC (TXNM)

Role: Director
Signature: /s/ Angela L. Pino, POA for Vicky A. Bailey
Issuer symbol: TXNM
Transactions as of: 13 May 2025
Net transactions value: $0
Form type: 4
Filing time: 15 May 2025, 16:38:55 UTC
Previous filing: 07 May 2025
Next filing: 07 Aug 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
BAILEY VICKY A	Director	3101 NEW MEXICO AVE., NW, UNIT 249, WASHINGTON	/s/ Angela L. Pino, POA for Vicky A. Bailey	15 May 2025	0001295122

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TXNM	Common Stock	Award	$0	+2,726	+43%	$0.000000	8,994	13 May 2025	Direct	F1, F2
holding	TXNM	Common Stock						10,525	13 May 2025	By Trust

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares represent restricted stock units granted on May 13, 2025 that will vest on May 13, 2026 and be settled in common stock upon or after vesting (and delivered in accordance with any elections made under the Director Deferred Rights Program), provided that if vesting or any applicable deferred delivery dates occur during a blackout period, the vested shares will be delivered at a later date after such blackout period ends.
F2	Excludes 10,525 shares previously owned directly by the reporting person that were contributed to the reporting person's trust, the Vicky Bailey Revocable Living Trust (of which she is the sole trustee and sole beneficiary), on January 8, 2024.

Content

These shares represent restricted stock units granted on May 13, 2025 that will vest on May 13, 2026 and be settled in common stock upon or after vesting (and delivered in accordance with any elections made under the Director Deferred Rights Program), provided that if vesting or any applicable deferred delivery dates occur during a blackout period, the vested shares will be delivered at a later date after such blackout period ends.

Excludes 10,525 shares previously owned directly by the reporting person that were contributed to the reporting person's trust, the Vicky Bailey Revocable Living Trust (of which she is the sole trustee and sole beneficiary), on January 8, 2024.