Possin James L 4

What Happened

• James L. Possin, 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 acquisition as a derivative grant at $0.00. These RSUs convert to common shares on a one-for-one basis when they vest.

Key Details

• Transaction date: 2026-03-02; Form filed: 2026-03-03 (timely filing).
• Instrument: Restricted stock units (derivative grant), transaction code A (award/grant).
• Quantity: 1,039 RSUs; reported acquisition price: $0.00.
• Vesting: RSUs vest on December 31, 2026 (Footnote F2).
• Payout option: Reporting person may elect to receive shares or have up to 25% paid in cash at vesting (Footnote F2).
• Footnote F1: RSUs convert to common stock one-to-one when vested.
• Shares owned after transaction: not specified in the provided filing.

Context

• This is a compensation award to a board director, not an open-market purchase or sale. RSU grants are common for executives and directors as deferred compensation and do not by themselves indicate a buy/sell signal. The reported $0.00 reflects the grant/derivative nature of RSUs on the Form 4, not the eventual value when they vest.