Form 4: MGE Energy Director Converts RSUs, Elects Partial Cash

MGE Energy Inc. Director Patricia K. Ackerman converted 918 restricted stock units into common stock, electing to receive 20% of the award in cash.

Summary

• Patricia K. Ackerman, a Director of MGE Energy Inc., was granted 918 restricted stock units (RSUs) on March 3, 2025.
• These RSUs vested on December 31, 2025.
• Upon vesting, Ms. Ackerman elected to receive 20% of the award in cash.
• This resulted in the acquisition of 734 shares of common stock and the disposition of 184 shares (representing the 20% cash election).
• Following these transactions, Ms. Ackerman directly beneficially owns 734 shares of common stock and 0 restricted stock units.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction involving the vesting of restricted stock units and a partial cash election, which is neutral in sentiment.

Positives

• Vesting of 918 restricted stock units indicates a successful completion of the vesting period for the director.
• The director's decision to retain 734 shares of common stock demonstrates continued alignment with shareholder interests.

Negatives

• The election to receive 20% of the vested award in cash results in a reduction of the director's direct equity ownership compared to a full stock conversion.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Minimal impact as it is a routine compensation event for a director, reflecting standard equity incentive plans.
• Employees: No direct impact on employees.

Key Dates

Keywords

MGE Energy Inc., MGEE, Patricia K. Ackerman, Form 4, SEC filing, insider transaction, restricted stock units, RSU vesting, common stock, director ownership