Every Form 4 that MGE Energy Inc (MGEE) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow MGEE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MGEE filings page.
MGE ENERGY INC (MGEE) director James G. Berbee reported an open-market purchase of common stock. On September 9, 2026, he bought 274.7418 shares at $77.35 per share. Following this transaction, his direct holdings total 10,013.0377 shares, including adjustments for accrued dividends through dividend reinvestment exempt under Rule 16a-11. No Rule 10b5-1 trading plan is reported.
MGE ENERGY INC (MGEE) director James G. Berbee reported an open-market purchase of 261.3641 shares of Common Stock at $81.30 per share on 2026-08-19. Following this transaction, his directly held position increased to 9,738.2959 shares, which includes adjustments for accrued dividends through dividend reinvestment exempt under Rule 16a-11.
MGE Energy reported that its Vice President, Chief Financial Officer and Treasurer, Jared Joseph Bushek, received a grant of 25,000 shares of Common Stock in the form of restricted stock units. The grant was awarded at $0.00 per share as a compensation-related award, not an open‑market purchase.
The restricted stock units convert into common stock on a one-to-one basis when they vest on April 17, 2031. After this award, Bushek directly holds a total of 35,795.6544 shares of Common Stock, including adjustments for accrued dividends through dividend reinvestment.
MGE Energy Inc. director James G. Berbee bought additional company stock in an open-market transaction. On March 11, 2026, he purchased 372.8392 shares of common stock at $77.74 per share.
Following this transaction, his direct holdings increased to 9,362.0713 shares of MGE Energy common stock. A footnote notes that the position includes adjustments for accrued dividends through a dividend reinvestment arrangement that is exempt from Section 16 under Rule 16a-11.
MGE Energy executive John Anthony Jicha, VP Energy Supply & Assistant Treasurer, received a grant of 945 restricted stock units that convert into common stock on a one-to-one basis when vested. These RSUs vest on December 31, 2028. After this award, his directly owned common stock, including adjustments for accrued dividends through dividend reinvestment, totals about 2,815.3073 shares.
MGE Energy Inc reported that officer Jenny Lynn Lagerwall, AVP – Accounting & Controller (CAO), received an equity award in the form of 688 restricted stock units (RSUs) of common stock. These RSUs convert into common shares on a one-to-one basis when they vest on December 31, 2028.
Following this grant, Lagerwall’s directly held common stock and RSU-based holdings total 1,992.0624 shares, including adjustments for accrued dividends through dividend reinvestment that are exempt from Section 16 under Rule 16a-11. The award was recorded at a price of $0.0000 per share, reflecting a non-cash grant rather than an open-market purchase.
MGE Energy Inc reported an insider equity grant to a senior executive. Vice President of People & Community Engagement Melissa Tyson Garner acquired 1,374 shares of common stock on December 31, 2028 as a grant or award priced at $0.00 per share.
The award is in the form of restricted stock units that convert into common stock on a one-to-one basis when they vest, which occurs on December 31, 2028. After this grant and prior adjustments for dividend reinvestment, her directly held position increased to 3,631.0263 shares of MGE Energy common stock.
MGE Energy Inc. reported that VP of Energy Operations James Jerome Lorenz received an equity award in the form of restricted stock units. He was granted 1,390 shares of common stock on a grant, award, or other acquisition basis at a stated price of $0.00 per share.
The award consists of RSUs that convert into common stock on a one-to-one basis when they vest on December 31, 2028. Following this grant, Lorenz’s directly held common stock, including RSU-related adjustments for accrued dividends, totals 6,336.7049 shares.
MGE Energy vice president Scott Robert Smith received a stock-based compensation grant. On the reported date, he acquired 1,116 shares of common stock as a grant or award at no cash cost to him.
The award consists of restricted stock units that convert into common shares on a one-to-one basis when they vest on December 31, 2028. Following this grant and related dividend reinvestment adjustments, his directly held common stock holdings total 4,410.6954 shares.
MGE Energy reported that VP, Chief Financial Officer and Treasurer Jared Joseph Bushek acquired 3,684 shares of common stock through a grant of restricted stock units. These RSUs convert to common stock on a one-to-one basis when they vest on December 31, 2028. After this award, his directly held common stock (including RSU-related adjustments for accrued dividends) totals 10,780.571 shares.
MGE Energy Inc vice president and general counsel Cari Anne Renlund reported an equity award of 1,716 shares of common stock in the form of restricted stock units at a stated price of $0 per share. These RSUs convert to common stock on a one-to-one basis when they vest on December 31, 2028, bringing her directly held total to 7,035.5459 shares, including adjustments for accrued dividends through dividend reinvestment.
MGE Energy chairman, president and CEO Jeffrey M. Keebler received an equity award in the form of restricted stock units. He acquired 10,905 RSUs of common stock on a grant or award basis at a stated price of $0.0000 per share, rather than through an open-market purchase.
These RSUs convert into common stock on a one-to-one basis when they vest on December 31, 2028. After this award, his directly held common stock and RSU-related holdings total 31,908.3543 shares, including adjustments for accrued dividends through dividend reinvestment.
MGE Energy Inc. director Angela S. Rieger received a grant of 1,039 restricted stock units. These RSUs were awarded at a price of $0.00 per unit and convert into common stock on a one-to-one basis when they vest. The RSUs vest on December 31, 2026, and the reporting person can elect to receive the award in stock or choose to be paid out 25% in cash. Following this grant, her reported direct holdings in these RSUs total 1,039 units.
MGE Energy Inc. director Lynnwood Wray reported receiving a grant of 1,039 restricted stock units. These RSUs were awarded at no cash cost to the director.
The RSUs convert into an equal number of MGE Energy common shares when they vest on December 31, 2026. At vesting, the director may choose to receive the award in stock or elect to take up to 25% of the value in cash, with the remainder in shares.
MGE Energy Inc. director Gary J. Wolter reported an equity award of 1,039 restricted stock units (RSUs). These RSUs were granted on March 2, 2026 at no stated purchase price and increase his directly held RSU balance to 1,039 units.
The footnotes explain that each RSU converts into one share of MGE Energy common stock when it vests. The RSUs are scheduled to vest on December 31, 2026, at which time Wolter can elect to receive the award in stock or choose to be paid 25% of the value in cash.
MGE Energy director James L. Possin reported receiving a grant of 1,039 restricted stock units (RSUs). These RSUs convert into MGE Energy common stock on a one-to-one basis when they vest. The RSUs are scheduled to vest on December 31, 2026, and Possin may elect stock or choose to receive up to 25% of the value in cash.
MGE Energy Inc. director Daniel James Kelly reported an award of 1,039 restricted stock units. These RSUs were granted at no cash cost and will convert into MGE Energy common stock on a one-to-one basis when they vest.
The RSUs vest on December 31, 2026. At settlement, Kelly can elect to receive shares or choose to have 25% of the value paid in cash, with the remainder in stock. After this award, his directly held RSU balance is 1,039 units.
MGE Energy Inc. director Londa J. Dewey reported receiving a grant of 1,039 Restricted Stock Units (RSUs). Each RSU converts into one share of MGE Energy common stock when it vests, giving her a potential future equity stake tied to the company’s performance.
The RSUs vest on December 31, 2026, meaning they generally must be held until that date before converting to common shares or cash. At vesting, Dewey may elect to receive the award in stock or choose to have up to 25% paid in cash, providing some flexibility in how she realizes the value.
MGE Energy director James G. Berbee reported receiving a grant of 1,039 restricted stock units. These RSUs were awarded at no cash cost as an equity incentive.
Each RSU converts into one share of common stock when it vests on December 31, 2026. At vesting, Berbee may elect to receive the award in stock or choose to be paid out 25% of the value in cash, with the remainder in shares.
MGE Energy director Marcia M. Anderson acquired 1,039 restricted stock units as a grant. These RSUs convert into an equal number of common shares when they vest on December 31, 2026. The director may choose to receive stock or take 25% of the value in cash.
Ackerman Patricia K reported acquisition or exercise transactions in this Form 4 filing.
MGE Energy director Patricia K. Ackerman received an equity grant in the form of restricted stock units. She was awarded 1,039 RSUs on this Form 4 date at no purchase price. Each unit is convertible into one share of MGE Energy common stock when it vests.
The RSUs are scheduled to vest on December 31, 2026. At vesting, Ackerman can elect to receive settlement in stock, with the option to take up to 25% of the award in cash instead.
MGE Energy Inc. officer Cari Anne Renlund, who serves as VP, General Counsel and Secretary, reported a change in her direct ownership of the company’s common stock. On 01/02/2026, a Form 4 transaction coded “F” showed the disposition of 438 shares of common stock at a price of $78.44 per share. After this transaction, she directly beneficially owned 5,319.5459 shares of MGE Energy common stock. A footnote explains that the reported holdings include adjustments for accrued dividends through dividend reinvestment that are exempt from Section 16 reporting under Rule 16a-11.
MGE Energy Inc. Chairman, President & CEO Jeffrey M. Keebler, who also serves as a director, reported one insider transaction involving the company’s common stock. On 01/02/2026, he disposed of 1,216 shares of common stock at a price of $78.44 per share, coded as transaction type F.
Following this transaction, Keebler beneficially owned 21,003.3543 shares of MGE Energy common stock in direct ownership. A footnote explains that this figure includes adjustments for accrued dividends through a dividend reinvestment arrangement that is exempt from Section 16 under Rule 16a-11.
MGE Energy Inc. insider activity: Chairman, President & CEO and Director Jeffrey M. Keebler reported on Form 4 that on 12/04/2025 he acquired 1,900.6589 phantom stock units linked to MGE Energy common stock at a price of $78.92 per unit. These phantom stock units are accrued under MGE's 2023 Deferred Compensation Supplemental Executive Retirement Plan (2023 DCSERP) and are settled in cash according to the plan’s terms. Following this transaction, he beneficially owned a total of 4,782.1704 phantom stock units under the 2023 DCSERP, which amount includes adjustments for accrued dividends through dividend reinvestment.