TXNM Energy (TXNM) CFO receives 2,382 restricted stock rights grant

Rhea-AI Filing Summary

Monroy Henry E reported acquisition or exercise transactions in this Form 4 filing.

TXNM Energy Inc reported that its SVP and CFO, Henry E. Monroy, received a grant of 2,382 restricted stock rights. Each right represents a contingent right to receive one share of TXNM Energy common stock. Following this award, he holds 4,559 derivative securities of this type directly.

The restricted stock units vest in three equal annual installments. Shares underlying vested units will be delivered on each vesting date, or after any blackout period under the company’s insider trading policy ends, if a blackout is in effect on a vesting date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Monroy Henry E

Role SVP and CFO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Rights	2,382	$0.00	--

Holdings After Transaction: Restricted Stock Rights — 4,559 shares (Direct)

Footnotes (1)

1. Each restricted stock right represents a contingent right to receive one share of TXNM Energy, Inc. common stock. The restricted stock units vest in three equal annual installments. Vested shares will be delivered to the reporting person on the applicable vesting dates (or, if the company is in a blackout period under its insider trading policy on any vesting date, at a later date after such blackout period ends).

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Monroy Henry E

(Last) (First) (Middle)

414 SILVER AVE. SW

MS 1105

(Street)

ALBUQUERQUE NM 87102

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TXNM ENERGY INC [ TXNM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP and CFO

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Rights	(1)	03/03/2026		A		2,382		(2)	(2)	Common Stock	2,382	$0	4,559	D

Explanation of Responses:

1. Each restricted stock right represents a contingent right to receive one share of TXNM Energy, Inc. common stock.

2. The restricted stock units vest in three equal annual installments. Vested shares will be delivered to the reporting person on the applicable vesting dates (or, if the company is in a blackout period under its insider trading policy on any vesting date, at a later date after such blackout period ends).

Remarks:

	/s/ Angela L. Pino, POA for Henry E Monroy	03/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did TXNM SVP and CFO Henry E. Monroy report?

Henry E. Monroy reported receiving 2,382 restricted stock rights as an equity award. These derivative securities were granted at a price of $0.00 per right and increase his directly held restricted stock rights to a total of 4,559 after the transaction.

How many TXNM restricted stock rights does the CFO hold after this Form 4?

After the award, the TXNM SVP and CFO holds 4,559 restricted stock rights. This total reflects the new grant of 2,382 rights added to his prior derivative holdings, all reported as directly owned in this Form 4 insider filing.

How do the TXNM restricted stock rights granted to the CFO vest over time?

The TXNM restricted stock units vest in three equal annual installments. On each vesting date, vested shares will be delivered, unless a blackout period under the company’s insider trading policy is in effect, in which case delivery occurs after that blackout period ends.

What does each TXNM restricted stock right granted to the CFO represent?

Each TXNM restricted stock right represents a contingent right to receive one share of TXNM Energy Inc. common stock. Actual share delivery occurs only as the restricted stock units vest according to the three-year vesting schedule described in the Form 4 footnotes.

Did the TXNM CFO buy or sell common stock in this Form 4 filing?

The TXNM CFO did not report an open-market stock purchase or sale. Instead, the Form 4 shows an acquisition coded as a grant or award of 2,382 restricted stock rights, a form of equity-based compensation, with a reported price of $0.00 per right.