TXNM Energy (TXNM) CFO exercises and settles stock awards
Rhea-AI Filing Summary
TXNM Energy SVP and CFO Henry E. Monroy reported equity award activity involving restricted stock rights and common shares. On March 7, 2026, he exercised multiple restricted stock rights, each representing the right to receive one share of TXNM Energy common stock, resulting in new directly held shares.
Some of the resulting common shares were withheld under the company’s modified “share withholding” approach to cover tax obligations at a price of $58.88 per share, with only the net shares delivered to him. After these exercises and tax-withholding dispositions, his direct common stock and restricted stock right holdings increased compared with prior awards that vested on that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 489 shares
Net Buy
9 txns
Insider
Monroy Henry E
Role
SVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Rights | 311 | $0.00 | $0.00 |
| Exercise | Restricted Stock Rights | 181 | $0.00 | $0.00 |
| Exercise | Restricted Stock Rights | 500 | $0.00 | $0.00 |
| Exercise | Common Stock | 311 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 158 | $58.88 | $9K |
| Exercise | Common Stock | 181 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 92 | $58.88 | $5K |
| Exercise | Common Stock | 500 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 253 | $58.88 | $15K |
Holdings After Transaction:
Restricted Stock Rights — 3,567 shares (Direct);
Common Stock — 9,382 shares (Direct)
Footnotes (4)
- F1. Represents the portion of previous awards of restricted stock rights that vested effective as of March 7, 2026.
- F2. Represents shares withheld by TXNM Energy, Inc. (the "Company") to satisfy the tax withholding obligations arising in connection with the settlement of equity awards. The Company utilizes a modified "share withholding" approach in connection with settling equity awards, in which it (i) withholds (in cash) an amount to satisfy tax withholding obligations and remits such amount to the relevant tax authorities, and (ii) directs a designated broker to purchase on the open market the number of shares of the Company's common stock that can be acquired with the after-tax value of equity awards at the prevailing market price. Only these "net shares" are delivered to the recipient of the equity awards.
- F3. Each restricted stock right represents a contingent right to receive one share of TXNM Energy, Inc. common stock.
- F4. 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).
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did TXNM (TXNM) SVP and CFO Henry Monroy report on this Form 4?
He reported the vesting and exercise of restricted stock rights into TXNM Energy common stock, along with related tax-withholding share dispositions. These transactions reflect equity compensation settlement rather than open-market buying or selling of shares.
What securities were involved in Henry Monroy’s TXNM Form 4 filing?
The filing involves restricted stock rights and common stock of TXNM Energy. Each restricted stock right represents a contingent right to receive one share of common stock, which vests and is delivered in scheduled installments over time.
How were taxes handled on Henry Monroy’s TXNM equity awards?
TXNM Energy withheld common shares to satisfy tax obligations, valuing them at $58.88 per share. Under its modified share withholding approach, the company remits cash taxes and has a broker buy replacement shares, delivering only the net shares to Monroy.
Were Henry Monroy’s TXNM transactions open-market buys or sells?
No. The acquisitions result from exercising restricted stock rights, and the dispositions are shares withheld to pay taxes. Footnotes describe these as equity award settlements using a share-withholding method, not discretionary open-market trading.
How do Henry Monroy’s restricted stock units at TXNM vest over time?
The restricted stock units vest in three equal annual installments. Vested shares are delivered on each vesting date, or after any blackout period under TXNM’s insider trading policy if a vesting date falls during such a blackout.