Form 4: TXNM Energy Director Gutierrez Receives Stock Units

Director Sidney M. Gutierrez received 2,726 shares of common stock in the form of restricted stock units from TXNM Energy Inc.

Summary

• Sidney M. Gutierrez, a director of TXNM Energy Inc., reported a transaction on May 13, 2025.
• Gutierrez acquired 2,726 shares of common stock through restricted stock units.
• These restricted stock units were granted on May 13, 2025, and will vest on May 13, 2026.
• Upon vesting, the shares will be settled in common stock.
• Following the transaction, Gutierrez directly owns 29,437 shares of TXNM Energy Inc.
• The reporting was filed by Angela L. Pino, under Power of Attorney, on May 15, 2025.

Sentiment

Score: 5

Explanation: This is a neutral event, reflecting standard compensation practices. It doesn't indicate positive or negative performance.

Future Outlook

The vested shares will be delivered upon or after vesting, subject to blackout period restrictions and elections made under the Director Deferred Rights Program.

Industry Context

This is a routine disclosure related to director compensation in the form of stock grants, which is a common practice in publicly traded companies to align the interests of directors with those of shareholders.

Stakeholder Impact

• The grant of restricted stock units aligns the director's interests with those of the shareholders.

Key Dates

Keywords

Form 4, Director, Stock Units, TXNM Energy Inc., Beneficial Ownership, Gutierrez