MGE Energy (MGEE) Director James G. Berbee Buys 261 Shares

What Happened

James G. Berbee, a director of MGE Energy Inc. (MGEE), reported a purchase of 261.364 shares on August 19, 2026. The shares were acquired at $81.30 each for a total reported value of $21,249. This was a purchase (P) transaction reported the next day, which is typically viewed as a more informative signal than routine sales.

Key Details

• Transaction date and price: 2026-08-19 at $81.30 per share.
• Shares acquired and value: 261.364 shares, total value $21,249 (rounded).
• Transaction type: Reported as an open market or private purchase (P); the filing does not specify which.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnote: Includes adjustments for accrued dividends pursuant to dividend reinvestment and is noted as exempt under Rule 16a-11. This indicates the amount may reflect reinvested dividends (DRIP) and related fraction adjustments.
• Timeliness: Filing date 2026-08-20 for an Aug 19 transaction — filed promptly (not reported late).

Context

• Purchases by directors can be interpreted as a positive sign but do not prove future performance; this report is factual and does not speculate on motivation.
• The footnote suggests part of the reported amount may result from dividend reinvestment activity rather than a separate, large open-market buy.