|4Jan 5, 4:30 PM ET

Anderson Marcia M 4

4 · MGE ENERGY INC · Filed Jan 5, 2026

Insider Transaction Report

Form 4
Period: 2025-12-31
Transactions
  • Exercise/Conversion

    Common Stock

    2025-12-31+2,0623,773.952 total
  • Disposition to Issuer

    Common Stock

    2025-12-315163,257.952 total
  • Exercise/Conversion

    Restricted Stock Units

    2025-12-312,0620 total
    common stock (2,062 underlying)
Footnotes (3)
  • [F1]On March 1, 2023, the reporting person was granted 1,144 restricted stock units (RSU's) that vested on December 31, 2025. On March 3, 2025, the reporting person was granted 918 RSU's that vested on December 31, 2025. The reporting person elected to receive 25% of the award in cash.
  • [F2]Includes adjustments for accrued dividends pursuant to dividend reinvestment and exempt from Sec 16 under Rule 16a-11
  • [F3]Represents RSU's which are converted to common stock on a one-to-one basis when vested.

Documents

1 file
  • 4
    ownership.xmlPrimary

    4