TXNM CEO granted 17,194 restricted stock rights

TARRY JOSEPH DON reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

TARRY JOSEPH DON reported acquisition or exercise transactions in this Form 4 filing.

TXNM Energy Inc. President and CEO Tarry Joseph Don reported receiving a grant of 17,194 restricted stock rights on March 3, 2026. Each right represents a contingent right to receive one share of TXNM Energy common stock at no purchase price. The restricted stock units vest in three equal annual installments, with vested shares delivered on the applicable vesting dates, or after any blackout period ends. Following this award, Tarry directly holds 33,207 restricted stock rights.

Insider Trade Summary

Grant/Award: 17,194 shares

Grant/Award 1 txn

Insider TARRY JOSEPH DON

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Rights	17,194	$0.00	$0.00

Holdings After Transaction: Restricted Stock Rights — 33,207 contracts (Direct)

Footnotes (2)

1. F1. Each restricted stock right represents a contingent right to receive one share of TXNM Energy, Inc. common stock.
2. F2. 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).

FAQ

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

What insider transaction did TXNM Energy (TXNM) report for its CEO?

TXNM Energy reported that President and CEO Tarry Joseph Don received 17,194 restricted stock rights. These were granted as equity compensation and increase his directly held restricted stock rights to 33,207 after the transaction.

How many TXNM Energy restricted stock rights were granted to the CEO?

The CEO of TXNM Energy received a grant of 17,194 restricted stock rights. Each right represents a contingent right to receive one share of TXNM Energy common stock, subject to vesting conditions over time.

What does each TXNM Energy restricted stock right represent in this Form 4?

Each restricted stock right represents a contingent right to receive one share of TXNM Energy common stock. The rights are not immediately delivered as shares and are subject to vesting in future periods.

What is the vesting schedule for the TXNM Energy CEO’s restricted stock units?

The restricted stock units granted to the TXNM Energy CEO vest in three equal annual installments. Vested shares are delivered on the applicable vesting dates, or after any blackout period under the company’s insider trading policy ends.

What is the total number of TXNM Energy restricted stock rights held by the CEO after this grant?

After the grant, the TXNM Energy CEO directly holds 33,207 restricted stock rights. This total reflects the addition of 17,194 newly granted restricted stock rights, as reported in the Form 4 filing.

Is there a purchase price for the TXNM Energy restricted stock rights granted to the CEO?

The Form 4 reports a transaction price per restricted stock right of 0.0000. This indicates the rights were granted at no cash cost to the CEO as part of his equity compensation package.

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Accepted by SEC EDGAR 03/04/2026 - 06:17 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^*

TARRY JOSEPH DON

(Last) (First) (Middle)

CORPORATE HEADQUARTERS MS1275

(Street)

ALBUQUERQUE NM 87158-1275

(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)

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

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		17,194		(2)	(2)	Common Stock	17,194	$0	33,207	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 Joseph Don Tarry	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.