Lillian J. Montoya - May 13, 2025 Form 4 Insider Report for TXNM ENERGY INC (TXNM)

Role: Director
Signature: /s/ Angela L. Pino, POA for Lillian J. Montoya
Stock symbol: TXNM
Transactions as of: May 13, 2025
Transactions value $: $0
Form type: 4
Date filed: 5/15/2025, 04:40 PM
Previous filing: Jun 4, 2024
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Montoya Lillian J	Director	2716 VENTOSO, SANTA FE	/s/ Angela L. Pino, POA for Lillian J. Montoya	2025-05-15	0002025287

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TXNM	Common Stock	Award	$0	+2.73K	+76.4%	$0.00	6.29K	May 13, 2025	Direct	F1

* 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.

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.