4//SEC Filing
TARRY JOSEPH DON 4
Accession 0001562180-24-008156
CIK 0001108426other
Filed
Dec 3, 7:00 PM ET
Accepted
Dec 4, 5:23 PM ET
Size
10.0 KB
Accession
0001562180-24-008156
Insider Transaction Report
Form 4
TXNM ENERGY INCTXNM
TARRY JOSEPH DON
DirectorPresident and COO
Transactions
- Exercise/Conversion
Common Stock
2024-12-02+6,617→ 38,171 total - Tax Payment
Common Stock
2024-12-02$49.05/sh−2,995$146,905→ 35,176 total - Exercise/Conversion
Restricted Stock Rights
2024-12-02−6,617→ 24,698 total→ Common Stock (6,617 underlying)
Footnotes (4)
- [F1]Represents the portion of previous awards of restricted stock rights that vested effective as of December 2, 2024.
- [F2]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.
- [F3]Each restricted stock right represents a contingent right to receive one share of common stock of the Company.
- [F4]On May 3, 2024, the reporting person was granted 19,851 restricted stock rights, one third of which vested on December 2, 2024 and the remaining two-thirds of which will vest on December 1, 2025, subject to the reporting person's continued employment through such vesting date.
Documents
Issuer
TXNM ENERGY INC
CIK 0001108426
Entity typeother
Related Parties
1- filerCIK 0001637037
Filing Metadata
- Form type
- 4
- Filed
- Dec 3, 7:00 PM ET
- Accepted
- Dec 4, 5:23 PM ET
- Size
- 10.0 KB