Form 4: MGE Energy VP Reports Routine Share Disposition

MGE Energy's VP of Business and Regulatory Strategy, Scott Robert Smith, reported the disposition of 299 shares of common stock at $78.44 per share for tax purposes.

Summary

• Scott Robert Smith, VP Business and Regulatory Strategy at MGE Energy Inc. (MGEE), reported a change in beneficial ownership.
• On January 2, 2026, Smith disposed of 299 shares of MGEE Common Stock.
• The transaction price for the disposed shares was $78.44 per share.
• The transaction code 'F' indicates that the disposition was for the payment of tax liability by delivering or withholding securities.
• Following this transaction, Smith directly beneficially owns 3,294.6954 shares of MGEE Common Stock.
• The reported beneficial ownership includes adjustments for accrued dividends pursuant to dividend reinvestment, which is exempt from Section 16 under Rule 16a-11.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax purposes, which is generally considered neutral in terms of company sentiment. It does not indicate a change in the insider's investment outlook.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of an insider's transaction and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: The disposition of shares for tax purposes is a common and routine event for insiders receiving equity compensation and is unlikely to have a significant impact on the broader shareholder base or stock valuation.

Key Dates

Recommendation

This Form 4 reports a routine disposition of shares by an insider, likely for tax withholding purposes (indicated by transaction code 'F'). Such transactions are common and generally do not reflect a change in the insider's long-term view of the company or its prospects. Therefore, it does not provide a basis for a change in investment recommendation.

Keywords

MGE Energy, MGEE, insider transaction, Form 4, beneficial ownership, stock disposition, Scott Robert Smith