Lorenz James Jerome 4

What Happened

• James Jerome, Vice President of Energy Operations at MGE Energy (MGEE), received an award of 1,390 restricted stock units (RSUs) on 2026-03-02. The filing lists the acquisition price as $0.00 (typical for RSU grants); reported value at grant is therefore $0 on Form 4. These RSUs convert to common stock on a one-for-one basis when they vest.

Key Details

• Transaction date: 2026-03-02; filing date: 2026-03-03 (filed the next business day, within the usual Form 4 reporting window).
• Transaction type/code: Award/Grant (A).
• Shares awarded: 1,390 RSUs at $0.00 per unit (conversion to common shares upon vesting).
• Vesting: RSUs vest on December 31, 2028 (F1).
• Footnote F2: Includes adjustments for accrued dividends through dividend reinvestment and is exempt under Rule 16a-11.
• Shares owned after transaction: Not specified in the filing.

Context

• RSU grants are a form of compensation, not an open-market purchase; they typically do not indicate an immediate buy/sell signal because the shares are not issued or tradable until vesting. When the RSUs vest (Dec 31, 2028), they will convert to common stock on a 1:1 basis and could create a tax event and subsequent holdings for the insider.