Berbee James G 4

What Happened

• James G. Berbee, a director of MGE Energy (MGEE), acquired 372.839 shares on March 11, 2026. The transaction was a purchase (code P) at $77.74 per share, for a total of approximately $28,985. This was recorded as an open-market or private purchase and included fractional shares.

Key Details

• Transaction date: 2026-03-11; Filing date: 2026-03-12 (filed timely).
• Price per share: $77.74; Shares acquired: 372.839; Total value: ~$28,985.
• Transaction code: P (Purchase); described as open-market or private purchase.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: Includes adjustments for accrued dividends pursuant to dividend reinvestment and exempt from Section 16 under Rule 16a-11.

Context

• The purchase includes fractional-share adjustments tied to dividend reinvestment (DRIP), which can create fractional share amounts and are noted as exempt under Rule 16a-11.
• This is a small director purchase in dollar terms (~$29k). Purchases are generally more informative than sales, but the filing alone does not explain the insider’s motivation.