Form 4: MGE Energy Director James G. Berbee Transfers Shares to Ex-Wife Following Divorce Decree

Director James G. Berbee of MGE Energy Inc. reports a transfer of common stock to his ex-wife as part of a divorce settlement.

Summary

• James G. Berbee, a director of MGE Energy Inc., filed a Form 4 with the SEC.
• The filing reports a transaction on April 25, 2025, where 5,793.0397 shares of common stock were transferred.
• The transfer was made to Berbee's ex-wife pursuant to a divorce decree.
• The reported price per share for the transaction is $0.
• The filing also notes that the reported holdings include adjustments for accrued dividends pursuant to dividend reinvestment and exempt from Sec 16 under Rule 16a-11.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing regarding a personal transaction of a company director. It doesn't inherently indicate positive or negative sentiment regarding the company's performance.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors as it is a personal matter for the director.

Key Dates

Keywords

Form 4, MGE Energy, Director, Berbee, Stock Transfer, Divorce Decree, SEC Filing