TXNM Energy Exec Chair Patricia K. Collawn Receives 739-Share Award

What Happened
Patricia K. Collawn, Executive Chair and director of TXNM Energy Inc. (TXNM), was granted 739 phantom shares (derivative award) on August 14, 2026. The award was recorded at $0.00 per share (no cash purchase) and is reported as a derivative grant under the company’s Executive Savings Plan II.

Key Details

• Transaction date: 2026-08-14; Filing date: 2026-08-17.
• Transaction type/code: Grant/Award (derivative) — 739 phantom shares at $0.00.
• Footnote highlights:
  • F1: Each phantom share converts to one common share on a one-for-one basis.
  • F2: These phantom shares were acquired through notational dividend reinvestment on the cash dividend payment date.
  • F3: Phantom shares will settle upon the reporting person’s retirement or other termination of service.
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Reported on Aug 17, 2026 (filing date shown in SEC record).

Context
This was an awarded, derivative grant (phantom stock) tied to the company’s executive savings plan and dividend reinvestment — not an open-market purchase or sale. Phantom shares typically do not convey immediate common-stock voting rights or cash until settlement (here, on retirement/termination) and thus are compensation/plan activity rather than a direct market purchase signaling near-term trading intent.