Wray Noble Lynnwood 4

What Happened

• Wray Noble Lynnwood, a director of MGE Energy Inc. (MGEE), received a grant of 1,039 restricted stock units (RSUs) on 2026-03-02. The award is recorded as a derivative acquisition at $0.00 per unit (an equity grant/compensation award), not a market purchase.
• The RSUs convert one-for-one to common shares upon vesting; no immediate cash transaction or open-market purchase/sale occurred.

Key Details

• Transaction date: 2026-03-02; Form 4 filed: 2026-03-03 (appears timely).
• Instrument: 1,039 RSUs (derivative grant), reported at $0.00 per unit.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 — RSUs convert 1:1 to common stock when vested. F2 — RSUs vest on December 31, 2026; the reporting person may elect stock or opt to receive 25% of the award value in cash.
• Accession #: 0001193125-26-087408.

Context

• RSU grants are a form of compensation and typically reflect long-term incentive pay rather than an immediate buy/sell signal. These units will only become common shares if and when they vest (here, on Dec 31, 2026), and the director has a partial cash-out option (25%).
• For retail investors, awards like this are routine corporate compensation disclosures and do not by themselves indicate insider sentiment about near-term stock performance.