TXNM director granted 2,698 restricted stock units

BECKER NORMAN P. reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

BECKER NORMAN P. reported acquisition or exercise transactions in this Form 4 filing.

TXNM Energy Inc director Norman P. Becker received an equity award of 2,698 restricted stock units on June 10, 2026. These units will vest on June 10, 2027 and be settled in common stock upon or after vesting, subject to any elections under the Director Deferred Right Program and blackout period restrictions.

Following this compensation-related grant, Becker holds 30,802 shares of common stock directly. This is a routine non-cash director compensation award rather than an open-market purchase.

Insider Trade Summary

Grant/Award: 2,698 shares

Grant/Award 1 txn

Insider BECKER NORMAN P.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,698	$0.00	$0.00

Holdings After Transaction: Common Stock — 30,802 shares (Direct)

Footnotes (1)

1. F1. These shares represent restricted stock units granted on June 10, 2026 that will vest on June 10, 2027 and be settled in common stock upon or after vesting (and delivered in accordance with any elections made under the Director Deferred Right Program), provided that if vesting or any applicable deferred delivery dates occur during a blackout period, the vested shares will be delivered at a later date after such blackout period ends.

Key Figures

RSU grant size: 2,698 units Post-grant holdings: 30,802 shares Grant price: $0.00 per share +1 more

4 metrics

RSU grant size 2,698 units Restricted stock units granted on June 10, 2026

Post-grant holdings 30,802 shares Common stock directly owned after the transaction

Grant price $0.00 per share Compensation award, no cash paid by director

Vesting date June 10, 2027 RSUs vest and settle in common stock upon or after this date

Key Terms

restricted stock units, blackout period, Director Deferred Right Program

3 terms

restricted stock units financial

"These shares represent restricted stock units granted on June 10, 2026 that will vest on June 10, 2027"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

blackout period financial

"if vesting or any applicable deferred delivery dates occur during a blackout period, the vested shares will be delivered at a later date"

A blackout period is a temporary window when company insiders, employees or certain plan participants are barred from buying or selling the company’s stock, usually around earnings releases or other material events. It matters to investors because it reduces the risk of unfair trading based on secret information and can affect share liquidity and timing—think of it as a “no trading” zone set to keep the market fair and orderly.

Director Deferred Right Program financial

"delivered in accordance with any elections made under the Director Deferred Right Program"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did TXNM director Norman P. Becker report in this Form 4 transaction?

Norman P. Becker reported receiving an equity grant of 2,698 restricted stock units. These units are a form of stock-based compensation that convert into common shares after they vest, rather than an open-market stock purchase for cash.

How many TXNM shares will Norman P. Becker own after this award vests?

After the grant, Becker directly holds 30,802 shares of TXNM common stock. The 2,698 restricted stock units will convert into additional shares upon or after vesting, further increasing his ownership once those shares are delivered.

When do Norman P. Becker’s TXNM restricted stock units vest and settle?

The 2,698 restricted stock units granted to Becker vest on June 10, 2027. They will be settled in TXNM common stock upon or after vesting, with delivery timing influenced by any deferral elections and blackout period rules.

Is Norman P. Becker’s TXNM Form 4 transaction an open-market stock purchase?

No, the Form 4 shows a compensation-related award coded as a grant, not an open-market purchase. Becker received 2,698 restricted stock units at no cash cost, which will later convert into common shares once the vesting conditions are satisfied.

How do blackout periods affect delivery of Norman P. Becker’s TXNM shares?

If vesting or any deferred delivery date falls during a blackout period, the vested shares will be delivered only after that blackout period ends. This timing rule can delay when Becker actually receives and can access the underlying TXNM shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/11/2026 - 04:27 PM Learn about SEC filing dates

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^*

BECKER NORMAN P.

(Last) (First) (Middle)

907 LOS PRADOS DE GUADALUPE N.W.

(Street)

LOS RANCHOS DE ALBUQUERQUE NEW MEXICO 87107

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026

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

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

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

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
Common Stock	06/10/2026		A		2,698(1)	A	$0	30,802	D

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

Explanation of Responses:

1. These shares represent restricted stock units granted on June 10, 2026 that will vest on June 10, 2027 and be settled in common stock upon or after vesting (and delivered in accordance with any elections made under the Director Deferred Right Program), provided that if vesting or any applicable deferred delivery dates occur during a blackout period, the vested shares will be delivered at a later date after such blackout period ends.

Remarks:

	/s/ Donna Briggs, POA for Norman P. Becker	06/11/2026
	** 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.
* Form 4: SEC 1474 (03-26)