CONLEY E RENAE 4

What Happened

• Conley E. Renae, a director of TXNM Energy Inc. (TXNM), was granted 2,698 restricted stock units (RSUs) on June 10, 2026. The reported acquisition price is $0.00 (transaction code A), so the grant itself shows $0 cash paid in the Form 4.

Key Details

• Transaction date: 2026-06-10; Form 4 filed: 2026-06-11 (timely).
• Transaction type: Grant / Award (code A).
• Shares granted: 2,698 RSUs; reported acquisition price: $0.00; total cash shown: $0.
• Shares owned after transaction: Not disclosed in this Form 4.
• Footnote: RSUs will vest on June 10, 2027 and be settled in common stock upon or after vesting (settlement will follow any elections under the Director Deferred Right Program). If vesting or deferred delivery falls during a blackout period, delivery will be delayed until after the blackout ends.

Context

• RSUs are a form of compensation that convert to shares upon vesting; they are not an immediate purchase or sale and do not necessarily indicate near-term buying or selling intent. This filing reports the grant of equity compensation to a director and was filed promptly.