Monroy Henry E 4

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.