Bushek Jared Joseph 4

What Happened

• Jared Joseph Bushek, Vice President, Chief Financial Officer & Treasurer of MGE Energy, was granted 3,684 restricted stock units (RSUs) on March 2, 2026. The Form 4 reports the acquisition as an award (code A) at a reported price of $0.00 (typical for RSU grants).

Key Details

• Transaction date: 2026-03-02; Form 4 filed: 2026-03-03.
• Reported price: $0.00 per share (award/RSU grant); total reported value: $0.
• Vesting: RSUs convert one-for-one to common shares when vested; vesting date indicated as December 31, 2028 (footnote F1).
• Shares owned after transaction: not disclosed in the provided filing.
• Footnote F2: grant amount includes adjustments for accrued dividends pursuant to dividend reinvestment and is noted as exempt from Section 16 under Rule 16a-11.
• Transaction type: award (not an open-market purchase or sale) — no immediate cash transaction or sale reported.

Context

• RSU grants are a form of compensation that vest in the future; they do not represent immediate buying or selling of company stock. Because these units vest later (12/31/2028), they do not indicate an immediate market position change by the insider. The filing simply reports the grant and related dividend adjustment/exemption information.