Form 4: MGE Energy Director Bugher Acquires Restricted Stock Units
SEC Form 4 Filing
Director Mark D. Bugher acquired 1,267 restricted stock units of MGE Energy Inc. on March 1, 2024, which will vest on December 31, 2026.
Summary
- On March 1, 2024, Mark D. Bugher, a director of MGE Energy Inc., acquired 1,267 restricted stock units (RSUs).
- These RSUs convert to common stock on a one-to-one basis when vested.
- The RSUs vest on December 31, 2026.
- Bugher has the option to receive 25% of the payout in cash.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: Mark D. Bugher acquired 1,267 restricted stock units. |
| 03/04/2024 | Date of signature on the Form 4 filing. |
| 12/31/2026 | Vesting date for the 1,267 restricted stock units. |
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