Bushek Jared Joseph 4

What Happened Jared Joseph Bushek, VP, Chief Financial Officer & Treasurer of MGE Energy (MGEE), received a grant of 25,000 restricted stock units (RSUs) on April 17, 2026. The transaction is reported as an award (code A) at $0.00 per share (no cash exchanged at grant), so the filing shows a reported acquisition value of $0.

Key Details

• Transaction date: April 17, 2026; Form 4 filed with the SEC on April 21, 2026.
• Grant amount: 25,000 RSUs; reported price: $0.00; reported monetary value: $0.
• Vesting: RSUs convert to common stock on a one-for-one basis when vested on April 17, 2031 (footnote F1).
• Footnote F2: Includes adjustments for accrued dividends pursuant to dividend reinvestment; exempt from Section 16 under Rule 16a-11.
• Shares owned after the transaction: not disclosed in this filing.
• Timeliness: filing dated April 21 for an April 17 grant — verify against the SEC’s 2-business-day Form 4 reporting window if timeliness is a concern.

Context This is an equity award (RSUs), not an open-market purchase or sale; RSU grants typically do not reflect an immediate bullish or bearish trade since no shares were bought or sold at grant. The award vests in five years, indicating a long-term compensation grant rather than an immediate transfer of market-exposed shares.