4//SEC Filing
Iverson Brian 4
Accession 0001562180-24-006843
CIK 0001108426other
Filed
Sep 16, 8:00 PM ET
Accepted
Sep 17, 4:34 PM ET
Size
15.1 KB
Accession
0001562180-24-006843
Insider Transaction Report
Form 4
TXNM ENERGY INCTXNM
Iverson Brian
Gen Couns, SVP Reg-Pub Policy
Transactions
- Exercise/Conversion
Common Stock
2024-09-16+4,650→ 4,750 total - Tax Payment
Common Stock
2024-09-16$43.01/sh−1,608$69,160→ 3,142 total - Award
Restricted Stock Rights
2024-09-16+9,300→ 9,300 total→ Common Stock (9,300 underlying) - Exercise/Conversion
Restricted Stock Rights
2024-09-16−4,650→ 4,650 total→ Common Stock (4,650 underlying)
Footnotes (4)
- [F1]Represents the portion of restricted stock rights granted on September 16, 2024 that vested on such grant date.
- [F2]Each restricted stock right represents a contingent right to receive one share of the Company common stock.
- [F3]Represents shares withheld by TXNM Energy, Inc. (the "Company") to satisfy the tax withholding obligations arising in connection with the settlement of equity awards. The Company utilizes a modified "share withholding" approach in connection with settling equity awards, in which it (i) withholds (in cash) an amount to satisfy tax withholding obligations and remits such amount to the relevant tax authorities, and (ii) directs a designated broker to purchase on the open market the number of shares of the Company's common stock that can be acquired with the after-tax value of equity awards at the prevailing market price. Only these "net shares" are delivered to the recipient of the equity awards.
- [F4]Fifty percent of the restricted stock rights vest immediately on the grant date, and the remaining restricted stock rights will vest on the first anniversary of the grant date, subject to the reporting person's continued employment with the Company through such vesting date. Vested shares will be delivered to the reporting person on the applicable vesting dates (or, if the Company is in a blackout period under its insider trading policy on any vesting date, at a later date after such blackout period ends).
Issuer
TXNM ENERGY INC
CIK 0001108426
Entity typeother
Related Parties
1- filerCIK 0001624359
Filing Metadata
- Form type
- 4
- Filed
- Sep 16, 8:00 PM ET
- Accepted
- Sep 17, 4:34 PM ET
- Size
- 15.1 KB