Form 4: TXNM Energy Inc. Executive Joseph Don Tarry Reports Stock Transactions
SEC Form 4 Filing
Joseph Don Tarry, President and COO of TXNM Energy Inc., reports acquisition and disposal of common stock and restricted stock rights.
Summary
- On February 26, 2025, Joseph Don Tarry, President and COO of TXNM Energy Inc., reported transactions involving the company's common stock and restricted stock rights.
- Tarry acquired 7,336 shares of common stock related to performance shares earned as of December 31, 2024, for the 2022-2024 performance period.
- He also disposed of 3,357 shares to satisfy tax withholding obligations at a price of $51.69 per share.
- Additionally, Tarry acquired 9,467 restricted stock rights, which vest in three equal annual installments.
- Following these transactions, Tarry beneficially owns 39,155 shares of common stock and 34,165 restricted stock rights.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key executives and their potential impact on the company's stock.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company executives as it can provide insights into their confidence in the company's performance.
Key Dates
| Date | Description |
|---|---|
| December 31, 2024 | Performance shares were earned for the 2022-2024 performance period. |
| February 26, 2025 | Date of the reported stock transactions, including acquisition and disposal of shares and restricted stock rights. |
| February 28, 2025 | Date of signature on the Form 4 filing. |
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