TXNM ENERGY INC · Exercise / conversion · Common Stock

What does this filing report?

An SEC Form 4 filing for TXNM ENERGY INC records an exercise / conversion involving Common Stock on December 1, 2025. The reported quantity was 13,234. The filing date is December 2, 2025. This is one transaction record; amounts are not allocated among any joint reporting owners.

The acquisition category describes how securities were received. It does not by itself establish a cash purchase of common stock. Read the transaction code definitionsand the original filing before interpreting the amounts.

Filing footnotes & remarks

F1

Represents the portion of previous awards of restricted stock rights that vested effective as of December 1, 2025.

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).

Footnotes are reproduced as plain text from the current source filing. For the full context, read the original SEC filing.