Form 4: TXNM Energy Inc. Director James Alton Hughes Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Director James Alton Hughes reports the acquisition of 2,726 restricted stock units in TXNM Energy Inc.
Summary
- On May 13, 2025, James Alton Hughes, a director of TXNM Energy Inc., acquired 2,726 restricted stock units.
- These restricted stock units were granted at a price of $0.00.
- The restricted stock units will vest on May 13, 2026, and will be settled in common stock upon or after vesting.
- The reporting person now beneficially owns 19,519 shares of common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reports a standard transaction. The acquisition of stock units by a director can be seen as a slightly positive sign, but it's a routine event.
Positives
- The acquisition of restricted stock units by a director could be seen as a positive sign, indicating confidence in the company's future performance.
Future Outlook
The restricted stock units will vest on May 13, 2026, and be settled in common stock upon or after vesting, subject to blackout period restrictions and elections made under the Director Deferred Rights Program.
Industry Context
This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders and their holdings of company stock.
Key Dates
| Date | Description |
|---|---|
| 1/11/19 | Date of Power of Attorney grant to Elisabeth A. Eden, Angela Pino, and Donna Briggs. |
| 05/13/2025 | Date of transaction: Acquisition of 2,726 restricted stock units. |
| 05/13/2026 | Vesting date of the restricted stock units. |
| 05/15/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, TXNM Energy Inc, Director, James Alton Hughes, Restricted Stock Units, Beneficial Ownership, Section 16(a)
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