Form 4: MGE Energy Director James G. Berbee Reports Stock Transaction
SEC Form 4 Filing
Director James G. Berbee reports a transaction involving MGE Energy Inc. stock, including the vesting and partial cash settlement of restricted stock units.
Summary
- On December 31, 2024, James G. Berbee, a director of MGE Energy Inc., had 692 restricted stock units (RSUs) vest.
- Berbee elected to receive 25% of the award in cash.
- The vested RSUs were converted to common stock on a one-to-one basis.
- Following the transaction, Berbee beneficially owns 11,086.343 shares of MGE Energy Inc. common stock, which includes adjustments for accrued dividends.
- The transaction was reported on January 3, 2025.
Sentiment
Score: 5
Explanation: This is a routine disclosure of a stock transaction, and the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in beneficial ownership.
Key Dates
| Date | Description |
|---|---|
| February 18, 2022 | Reporting person was granted 692 restricted stock units (RSU's). |
| December 31, 2024 | Restricted stock units (RSU's) vested. |
| December 31, 2024 | Date of transaction. |
| January 03, 2025 | Date of report filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.