Form 4: MGE Energy CEO Sells Shares for Tax Withholding

MGE Energy Inc.'s Chairman, President, and CEO, Jeffrey M. Keebler, reported the disposition of 1,216 shares of common stock for tax withholding purposes.

Summary

• Jeffrey M. Keebler, Chairman, President & CEO of MGE Energy Inc. (MGEE), reported a transaction involving company common stock.
• On January 2, 2026, Keebler disposed of 1,216 shares of MGE Energy Inc. common stock.
• The transaction was coded 'F', indicating a disposition for tax withholding purposes.
• The shares were disposed of at a price of $78.44 per share.
• Following this transaction, Keebler directly beneficially owns 21,003.3543 shares of MGE Energy Inc. common stock.
• The reported beneficial ownership includes adjustments for accrued dividends via dividend reinvestment, which are exempt under Rule 16a-11.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax withholding purposes, which is neither inherently positive nor negative for the company's fundamental outlook.

Industry Context

This filing details a routine insider transaction for tax withholding purposes and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes by a key executive.

Key Dates

Recommendation

The Form 4 details a routine disposition of shares by the CEO for tax withholding, which is a common practice and does not reflect a change in the company's operational performance or strategic direction. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

MGE Energy, MGEE, Jeffrey M. Keebler, insider transaction, Form 4, common stock, share disposition, CEO, director, tax withholding