Brian Iverson - 07 Mar 2026 Form 4 Insider Report for TXNM ENERGY INC (TXNM)

Reporting relationship: Gen Couns, SVP Reg-Pub Policy
Issuer ticker: TXNM
Reported as of: 07 Mar 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 09 Mar 2026, 16:54:33 UTC
Prior SEC filing: 04 Mar 2026
Next SEC filing: 03 Jun 2026
Source filing: View source filing
Reporting owner signature: /s/ Angela L. Pino, POA for Brian Iverson

Key filing fact

Brian Iverson filed Form 4 for TXNM ENERGY INC (TXNM) on 09 Mar 2026.

Key facts

This page summarizes Brian Iverson's Form 4 filing for TXNM ENERGY INC (TXNM).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 09 Mar 2026, 16:54.

Change

Previous filing in this sequence was filed on 04 Mar 2026.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001624359 Primary reporting owner

Iverson Brian

Relationship: Gen Couns, SVP Reg-Pub Policy
Address: CORPORATE HEADQUARTERS, MS 1245, ALBUQUERQUE
Signature: /s/ Angela L. Pino, POA for Brian Iverson
Signature date: 09 Mar 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

TXNM transaction

Common Stock

Options Exercise

Transaction value
Shares: +1,163
Change %: +14%
Price: $0.000000^*
Shares after: 9,533
Date: 07 Mar 2026
Ownership: Direct
Footnotes: F1

TXNM transaction

Common Stock

Tax liability

Transaction value
Shares: -414
Change %: -4.3%
Price: $58.88^*
Shares after: 9,119
Date: 07 Mar 2026
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

TXNM transaction Derivative

Restricted Stock Rights

Options Exercise

Transaction value
Shares: -1,163
Change %: -17%
Price: $0.000000^*
Shares after: 5,578
Date: 07 Mar 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,163
Exercise price
Footnotes: F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Represents the portion of previous awards of restricted stock rights that vested effective as of March 7, 2026.

Footnote 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.

Footnote F3

Each restricted stock right represents a contingent right to receive one share of TXNM Energy, Inc. common stock.

Footnote 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).