Form 4: MGE Energy VP CFO Sells Shares for Tax Liability

MGE Energy's VP Chief Financial Officer and Treasurer, Jared Joseph Bushek, disposed of 430 shares of common stock to cover tax liabilities at a price of $78.44 per share.

Summary

• Jared Joseph Bushek, VP Chief Financial Officer & Treasurer of MGE Energy Inc. (MGEE), reported a transaction.
• On January 2, 2026, Bushek disposed of 430 shares of MGE Energy Common Stock.
• The shares were disposed of at a price of $78.44 per share.
• This transaction was coded 'F', indicating a disposition to the issuer for tax liability.
• Following this transaction, Bushek directly beneficially owns 7,096.571 shares of MGE Energy Common Stock.
• The reported beneficial ownership includes adjustments for accrued dividends, exempt under Rule 16a-11.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax purposes, which is neither inherently positive nor negative for the company's fundamental outlook.

Positives

• The transaction is a routine disposition for tax liability, not a discretionary sale.
• The reporting person still holds a significant number of shares (7,096.571), indicating continued alignment with shareholder interests.

Negatives

• A reduction in direct beneficial ownership by 430 shares.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Disposition of 430 shares of common stock to the issuer (MGE Energy Inc.) to satisfy tax withholding obligations.

Stakeholder Impact

• Shareholders: Minor reduction in insider ownership, but the transaction is routine and not indicative of a change in confidence.
• Employees: No direct impact.

Key Dates

Recommendation

The Form 4 reports a routine disposition of shares by an executive to cover tax liabilities, which is a common occurrence with equity compensation. It does not provide new information that would alter the fundamental investment thesis for MGE Energy Inc., hence a 'hold' recommendation is maintained.

Keywords

MGE Energy, MGEE, Form 4, insider transaction, stock sale, tax liability, Jared Bushek, common stock