TXNM.NYSETxnm Energy INC

Form 4: TXNM Energy SVP, General Counsel & Secretary Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Patrick V. Apodaca, SVP, General Counsel & Secretary of TXNM Energy Inc., reports acquisition and disposal of common stock due to vesting of restricted stock rights and tax withholding.

Summary

  • On August 2, 2024, Patrick V. Apodaca, SVP, General Counsel & Secretary of TXNM Energy Inc., reported transactions involving the company's common stock.
  • Apodaca acquired 8,922 shares of common stock through the vesting of restricted stock rights at a price of $0.00.
  • Simultaneously, 4,038 shares were disposed of at $41.77 per share to cover tax withholding obligations.
  • Following these transactions, Apodaca directly owns 95,454 shares of TXNM Energy Inc. common stock and 4,945 restricted stock rights.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Future Outlook

Not applicable.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock.

Stakeholder Impact

  • The transactions have a minimal impact on stakeholders as they are related to executive compensation and tax obligations.

Key Dates

DateDescription
December 5, 2023Reporting person was granted 8,922 restricted stock rights.
December 31, 2023Avangrid, Inc. informed the Company that it was terminating the Transaction.
August 2, 2024Restricted stock rights vested; shares acquired and disposed of for tax obligations.
August 6, 2024Date of Form 4 signature.

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