TXNM Energy director gets 2,698-share stock grant

CONLEY E RENAE reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

CONLEY E RENAE reported acquisition or exercise transactions in this Form 4 filing.

TXNM ENERGY INC director Renae E. Conley received an award of 2,698 shares of common stock in the form of restricted stock units on June 10, 2026. These units vest on June 10, 2027 and will be settled in common stock, with delivery timing also subject to any director deferral elections and blackout-period restrictions. After this grant, Conley directly holds 39,971 shares of TXNM common stock.

Insider Trade Summary

Grant/Award: 2,698 shares

Grant/Award 1 txn

Insider CONLEY E RENAE

Role Director

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

Holdings After Transaction: Common Stock — 39,971 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 shares Grant price per share: $0.0000 per share Post-transaction holdings: 39,971 shares +1 more

4 metrics

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

Grant price per share $0.0000 per share Stated price for RSU grant

Post-transaction holdings 39,971 shares Direct common stock owned after grant

Vesting date June 10, 2027 RSUs vest and then settle in common stock

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..."

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

"provided that if vesting or any applicable deferred delivery dates occur during a blackout period..."

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 Renae E. Conley report in this Form 4?

Renae E. Conley reported receiving an award of 2,698 restricted stock units of TXNM Energy common stock. The grant was made on June 10, 2026 as director equity compensation, increasing her direct holdings to 39,971 shares after the transaction.

How many TXNM shares did Renae E. Conley acquire and at what price?

Conley acquired 2,698 shares of TXNM common stock through a restricted stock unit grant at a stated price of $0.0000 per share. This reflects a compensation award, not an open-market purchase, and is classified as a grant or other acquisition.

When do Renae E. Conley’s TXNM restricted stock units vest?

The restricted stock units granted to Conley on June 10, 2026 vest on June 10, 2027. Once vested, they will be settled in TXNM common stock, with delivery timing also affected by any director deferral elections and applicable blackout-period restrictions.

How many TXNM shares does Renae E. Conley own after this grant?

Following the reported grant, Conley directly holds 39,971 shares of TXNM common stock. This figure reflects her position after the 2,698-share restricted stock unit award was added, as disclosed in the Form 4’s post-transaction ownership field.

Is Renae E. Conley’s TXNM transaction a market buy or a compensation grant?

The transaction is a compensation-related grant, not a market buy. It is coded as an “A” transaction representing a grant, award, or other acquisition of 2,698 restricted stock units, with no cash price paid and vesting scheduled for June 10, 2027.

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

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Accepted by SEC EDGAR 06/11/2026 - 04:28 PM EDT 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^*

CONLEY E RENAE

(Last) (First) (Middle)

1307 W. WRIGHTWOOD AVE. APT 208

(Street)

CHICAGO ILLINOIS 60614

(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	39,971	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 E. Renae Conley	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)