Form 4: MGE Energy Director Acquires Restricted Stock Units
SEC Form 4 Filing
Daniel James Kelly, a director of MGE Energy, acquired 918 restricted stock units convertible to common stock, vesting on December 31, 2025.
Summary
- On March 3, 2025, Daniel James Kelly, a director of MGE Energy Inc., acquired 918 restricted stock units (RSUs).
- These RSUs convert to common stock on a one-to-one basis when vested.
- The RSUs vest on December 31, 2025.
- Kelly has the option to receive 25% of the payout in cash.
- Following the transaction, Kelly directly owns 918 derivative securities.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding stock ownership, and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The acquisition of restricted stock units by a director aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of transaction: acquisition of restricted stock units |
| 03/04/2025 | Date of signature |
| 12/31/2025 | Vesting date of the restricted stock units |
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