4//SEC Filing
Iverson Brian 4
Accession 0001624359-25-000006
CIK 0001108426other
Filed
Sep 17, 8:00 PM ET
Accepted
Sep 18, 4:37 PM ET
Size
9.6 KB
Accession
0001624359-25-000006
Insider Transaction Report
Form 4
TXNM ENERGY INCTXNM
Iverson Brian
Gen Couns, SVP Reg-Pub Policy
Transactions
- Exercise/Conversion
Common Stock
2025-09-16+4,650→ 8,143 total - Tax Payment
Common Stock
2025-09-16$56.63/sh−1,407$79,678→ 6,736 total - Exercise/Conversion
Restricted Stock Rights
2025-09-16−4,650→ 3,525 total→ Common Stock (4,650 underlying)
Footnotes (4)
- [F1]Represents the portion of previous awards of restricted stock rights that vested effective as of September 16, 2025.
- [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 TXNM Energy, Inc. common stock.
- [F4]The restricted stock units vest in three equal annual installments. 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).
Documents
Issuer
TXNM ENERGY INC
CIK 0001108426
Entity typeother
Related Parties
1- filerCIK 0001624359
Filing Metadata
- Form type
- 4
- Filed
- Sep 17, 8:00 PM ET
- Accepted
- Sep 18, 4:37 PM ET
- Size
- 9.6 KB