Form 4: TXNM Energy CEO Patricia Collawn Reports Stock Transactions
SEC Form 4 Filing
Patricia Collawn, Chairman and CEO of TXNM Energy, reports the vesting and subsequent tax withholding of shares related to restricted stock rights.
Summary
- Patricia Collawn, Chairman and CEO of TXNM Energy Inc., filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
- On March 7, 2025, restricted stock rights vested, resulting in the acquisition of 8,575, 6,019, and 5,967 shares of common stock.
- Simultaneously, TXNM Energy withheld 3,881, 2,724, and 2,701 shares to cover tax obligations at a price of $47.78 per share.
- Following these transactions, Collawn directly owns 749,557 shares of TXNM Energy common stock and 45,134 restricted stock rights.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Key Dates
| Date | Description |
|---|---|
| 03/07/2025 | Date of earliest transaction (vesting of restricted stock rights and tax withholding). |
| 03/10/2025 | Date of signature on the Form 4 filing. |
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