Smith Scott Robert 4

What Happened

• Scott R. Smith, Vice President, Business and Regulatory Strategy at MGE Energy (MGEE), was granted 1,116 restricted stock units (RSUs) on March 2, 2026.
• The grant is recorded at $0.00 per unit (total recorded value $0). Transaction code: A (award/other acquisition). This is a compensation award, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-02; Form 4 filed 2026-03-03.
• Award: 1,116 RSUs at $0.00 (total $0).
• Vesting: RSUs convert one-for-one to common shares when vested; vesting date: December 31, 2028 (Footnote F1).
• Other note: Footnote F2 indicates adjustments for accrued dividends under dividend reinvestment and exemption under Rule 16a-11.
• Shares owned after transaction: not specified in the filing.

Context

• RSU grants are a common form of equity compensation and do not represent an immediate cash transaction or market buy/sell. The award signals alignment of executive compensation with long-term shareholder value only once the RSUs vest and convert to shares.
• Filing appears timely (reported the next day); no indication of a late filing in the report.