Form 4: MGE Energy Director Wray Reports Stock Transactions Following RSU Vesting
SEC Form 4
Director Noble Lynnwood Wray reports stock transactions related to vested restricted stock units (RSUs) of MGE Energy Inc.
Summary
- On December 31, 2024, Noble Lynnwood Wray, a director of MGE Energy Inc., reported transactions related to vested restricted stock units (RSUs).
- Wray received 692 shares of common stock upon vesting of RSUs granted on February 18, 2022.
- Wray elected to receive 25% of the award in cash.
- Following the transactions, Wray directly owns 614.7951 shares of MGE Energy Inc.
- The reported transactions include adjustments for accrued dividends pursuant to dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in insider 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 stock transactions |
| January 03, 2025 | Date of report |
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