MGE Energy (MGEE) Director James G. Berbee Buys 275 Shares

What Happened

• James G. Berbee, a director of MGE Energy Inc. (MGEE), reported an open-market purchase of 274.742 shares on 2026-09-09 at $77.35 per share, for a total reported value of approximately $21,251. This was a purchase (insider buy), which some investors view as a bullish signal; no motives are stated in the filing.

Key Details

• Transaction date: 2026-09-09; Form 4 filed: 2026-09-11 (filed within the required reporting window).
• Price per share: $77.35; shares acquired: 274.742; total value: ~$21,251.
• Transaction type: P = purchase (open market or private purchase).
• Shares owned after transaction: not specified in the filing.
• Footnote: F1 — includes adjustments for accrued dividends pursuant to dividend reinvestment; amounts may be exempt from Section 16 reporting under Rule 16a-11.

Context

• This was a straightforward purchase (not an option exercise, gift, or award). The filing notes dividend reinvestment adjustments, which can include fractional shares and small adjustments that are sometimes exempt under SEC rules. As with all insider filings, this is factual disclosure and does not explain the insider’s motivation.