Anderson Marcia M 4

What Happened Marcia M. Anderson, a director of MGE Energy Inc. (MGEE), received an award of 1,039 restricted stock units (RSUs) on 2026-03-02. The Form 4 reports the transaction as an award/other acquisition (code A) of a derivative security at $0.00; no cash purchase or sale occurred. The RSUs convert one-for-one into common shares when they vest.

Key Details

• Transaction date: 2026-03-02; Form 4 filed 2026-03-03 (filed the next day; timely).
• Award: 1,039 RSUs reported at $0.00 (derivative award).
• Vesting: RSUs vest on December 31, 2026.
• Payout election: Reporting person may elect stock or choose to be paid up to 25% in cash (per filing footnote).
• Shares owned following the transaction: not specified in the filing.
• Transaction code: A = Award/Grant; derivative treatment noted via footnotes.

Context This was a director compensation award (RSUs), not an open‑market purchase or sale. RSU awards are commonly used in board compensation and do not by themselves indicate the director's short‑term trading intentions. The eventual value to the director will depend on MGEE's share price at vesting and the chosen payout election.