Form 4: TXNM Energy Inc. Director Vicky Bailey Reports Acquisition of Restricted Stock Units

Director Vicky Bailey reports the acquisition of restricted stock units and a transfer of shares to a revocable living trust.

Summary

• On May 13, 2025, Vicky A. Bailey, a director of TXNM Energy Inc., reported acquiring 2,726 shares of common stock in the form of restricted stock units.
• These restricted stock units will vest on May 13, 2026, and will be settled in common stock.
• The shares will be delivered upon or after vesting, subject to blackout period restrictions.
• Bailey also reported a transfer of 10,525 shares previously owned directly to the Vicky Bailey Revocable Living Trust on January 8, 2024.
• Following these transactions, Bailey directly owns 8,994 shares and indirectly owns 10,525 shares through the trust.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Positives

• The acquisition of restricted stock units could align the director's interests with those of the shareholders.

Future Outlook

The restricted stock units will vest on May 13, 2026, and be settled in common stock, subject to blackout period restrictions and the Director Deferred Rights Program.

Industry Context

Form 4 filings are a routine part of compliance for corporate insiders and provide transparency into their transactions in the company's stock.

Stakeholder Impact

• The acquisition of restricted stock units could signal confidence in the company's future performance to shareholders.

Next Steps

• The restricted stock units will vest on May 13, 2026, and be settled in common stock.

Key Dates

Keywords

Form 4, TXNM Energy Inc, Vicky Bailey, Director, Restricted Stock Units, Beneficial Ownership, Trust