Monroy Henry E 4
4 · TXNM ENERGY INC · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
TXNM SVP/CFO Henry Monroy Vests RSUs; 503 Shares Withheld
What Happened
Henry E. Monroy, SVP and CFO of TXNM Energy, had 992 restricted stock rights vest on March 7, 2026 (three tranches: 311, 181, 500). The company satisfied tax withholding by withholding/selling a total of 503 shares at $58.88 per share, generating $29,617 remitted for tax obligations. After withholding, Monroy received 489 net shares. These transactions reflect vesting/settlement of equity awards (not an open-market buy or voluntary sale).
Key Details
- Transaction date: March 7, 2026; Form filed March 9, 2026 (no late filing indicated in the provided excerpt).
- Vesting breakdown and withholding:
- 311 vested → 158 shares withheld (proceeds $9,303)
- 181 vested → 92 shares withheld (proceeds $5,417)
- 500 vested → 253 shares withheld (proceeds $14,897)
- Totals: 992 shares vested, 503 shares withheld, $29,617 withheld, 489 net shares delivered.
- Price used for withholding calculations: $58.88 per share.
- Footnotes: F1 = portion of prior restricted stock rights vested; F2 = company’s modified "share withholding" approach (cash remitted for taxes and broker buys net shares for delivery); F3 = each restricted stock right converts to one share; F4 = units generally vest in three equal annual installments.
- Shares owned after transaction: not specified in the provided excerpt.
Context
These entries reflect vesting/settlement of restricted stock rights and the company’s standard tax-withholding mechanism (a cash withholding and broker purchase to deliver net shares). This is a routine internal settlement to cover tax liabilities and should not be read the same as an open-market sale or buy initiated by the insider.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-07+311→ 9,204 total - Tax Payment
Common Stock
[F2]2026-03-07$58.88/sh−158$9,303→ 9,046 total - Exercise/Conversion
Common Stock
[F1]2026-03-07+181→ 9,227 total - Tax Payment
Common Stock
[F2]2026-03-07$58.88/sh−92$5,417→ 9,135 total - Exercise/Conversion
Common Stock
[F1]2026-03-07+500→ 9,635 total - Tax Payment
Common Stock
[F2]2026-03-07$58.88/sh−253$14,897→ 9,382 total - Exercise/Conversion
Restricted Stock Rights
[F3][F4]2026-03-07−311→ 4,248 total→ Common Stock (311 underlying) - Exercise/Conversion
Restricted Stock Rights
[F3][F4]2026-03-07−181→ 4,067 total→ Common Stock (181 underlying) - Exercise/Conversion
Restricted Stock Rights
[F3][F4]2026-03-07−500→ 3,567 total→ Common Stock (500 underlying)
Footnotes (4)
- [F1]Represents the portion of previous awards of restricted stock rights that vested effective as of March 7, 2026.
- [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).