COLLAWN PATRICIA K - 07 Mar 2025 Form 4 Insider Report for TXNM ENERGY INC (TXNM)

Role
CHAIRMAN AND CEO, Director
Signature
/s/ Angela L. Pino, POA for Patricia K. Collawn
Issuer symbol
TXNM
Transactions as of
07 Mar 2025
Net transactions value
-$444,641
Form type
4
Filing time
10 Mar 2025, 16:09:26 UTC
Previous filing
28 Feb 2025
Next filing
16 May 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TXNM Common Stock Options Exercise $0 +8,575 +1.2% $0.000000 746,877 07 Mar 2025 Direct F1
transaction TXNM Common Stock Tax liability $185,434 -3,881 -0.52% $47.78 742,996 07 Mar 2025 Direct F2
transaction TXNM Common Stock Options Exercise $0 +6,019 +0.81% $0.000000 749,015 07 Mar 2025 Direct F1
transaction TXNM Common Stock Tax liability $130,153 -2,724 -0.36% $47.78 746,291 07 Mar 2025 Direct F2
transaction TXNM Common Stock Options Exercise $0 +5,967 +0.8% $0.000000 752,258 07 Mar 2025 Direct F1
transaction TXNM Common Stock Tax liability $129,054 -2,701 -0.36% $47.78 749,557 07 Mar 2025 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TXNM Restricted Stock Rights Options Exercise $0 -8,575 -13% $0.000000 57,120 07 Mar 2025 Common Stock 8,575 Direct F3, F4
transaction TXNM Restricted Stock Rights Options Exercise $0 -6,019 -11% $0.000000 51,101 07 Mar 2025 Common Stock 6,019 Direct F3, F4
transaction TXNM Restricted Stock Rights Options Exercise $0 -5,967 -12% $0.000000 45,134 07 Mar 2025 Common Stock 5,967 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the portions of previous awards of restricted stock rights that vested effective as of March 7, 2025.
F2 Represents shares withheld by TXNM Energy, Inc. 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).