Berbee James G 4
4 · MGE ENERGY INC · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
MGE Energy (MGEE) Director James G. Berbee Receives RSU Award
What Happened
James G. Berbee, a director of MGE Energy (MGEE), received an award of 1,039 restricted stock units (RSUs) on 2026-03-02. The grant is reported as a derivative award (transaction code A) with an acquisition price of $0 and total reported value $0 because no cash was exchanged. The RSUs convert to common stock on a one-to-one basis when they vest.
Key Details
- Transaction date: 2026-03-02 (Form 4 filed 2026-03-03 — filing appears timely)
- Instrument: 1,039 restricted stock units (RSUs), reported as a derivative award (code A)
- Price/value: $0 per share; total reported value $0 (no cash paid at grant)
- Vesting: RSUs vest on December 31, 2026 (per footnote)
- Payout option: Reporting person can elect stock or be paid 25% in cash at payout (per footnote)
- Shares owned after transaction: not specified in the filing
Context
RSUs are a form of equity compensation that convert to shares upon vesting; they are not an open-market purchase and do not indicate an immediate buy or sell by the insider. Because the units vest in the future (12/31/2026) and can be partially settled in cash, they represent deferred compensation and potential future dilution when converted to shares.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-03-02+1,039→ 1,039 total→ common stock (1,039 underlying)
Footnotes (2)
- [F1]Represents restricted stock units (RSUs) which are converted to common stock on a one-to-one basis when vested.
- [F2]The RSUs vest on December 31, 2026. The reporting person can elect stock or has the option to be paid out 25% in cash.