Jeffrey M. Keebler - 02 Mar 2026 Form 4 Insider Report for MGE ENERGY INC (MGEE)

Role: Chairman, President & CEO, Director
Signature: /s/ Jeffrey M. Keebler
Issuer symbol: MGEE
Transactions as of: 02 Mar 2026
Net transactions value: $0
Form type: 4
Filing time: 03 Mar 2026, 16:17:34 UTC
Previous filing: 06 Jan 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Keebler Jeffrey M	Chairman, President & CEO, Director	133 S BLAIR STREET, PO BOX 1231, MADISON	/s/ Jeffrey M. Keebler	03 Mar 2026	0001650481

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MGEE	Common Stock	Award	$0	+10,905	+52%	$0.000000	31,908	02 Mar 2026	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents restricted stock units (RSUs) which are converted to common stock on a one-to-one basis when vested. The RSUs vest on December 31, 2028.
F2	Includes adjustments for accrued dividends pursuant to dividend reinvestment and exempt from Sec 16 under Rule 16a-11