TXNM Energy (TXNM) VP details equity awards and tax withholding
Rhea-AI Filing Summary
TXNM Energy VP and Corporate Controller Gerald R. Bischoff reported multiple equity award transactions. On March 7, 2026, he exercised restricted stock rights that convert on a one-for-one basis into TXNM Energy common stock. These awards vest in three equal annual installments under the company’s equity program.
The filing also shows shares of common stock withheld under transaction code “F” at a price of $58.88 per share to cover tax obligations from the vesting and settlement of these equity awards. Under the company’s modified share withholding approach, only the net shares after tax are ultimately delivered to Bischoff.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 388 shares
Net Buy
9 txns
Insider
Bischoff Gerald R
Role
VP and Corporate Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Rights | 169 | $0.00 | $0.00 |
| Exercise | Restricted Stock Rights | 323 | $0.00 | $0.00 |
| Exercise | Restricted Stock Rights | 296 | $0.00 | $0.00 |
| Exercise | Common Stock | 169 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 86 | $58.88 | $5K |
| Exercise | Common Stock | 323 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 164 | $58.88 | $10K |
| Exercise | Common Stock | 296 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 150 | $58.88 | $9K |
Holdings After Transaction:
Restricted Stock Rights — 1,765 shares (Direct);
Common Stock — 1,779 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 insider activity did TXNM VP Gerald R. Bischoff report on this Form 4?
Gerald R. Bischoff reported exercises of restricted stock rights and related common stock transactions on March 7, 2026. These included conversions of equity awards into common stock and share withholdings to satisfy tax obligations tied to the vesting of those awards.
How do TXNM Energy restricted stock rights reported by Bischoff work?
Each restricted stock right represents a contingent right to receive one share of TXNM Energy common stock. The restricted stock units vest in three equal annual installments, with vested shares delivered on each vesting date or after any blackout period under the company’s insider trading policy.
What role does Gerald R. Bischoff hold at TXNM Energy in this Form 4?
Gerald R. Bischoff is identified as an officer of TXNM Energy, serving as Vice President and Corporate Controller. The reported Form 4 transactions relate to his compensation in the form of restricted stock rights and resulting common stock from the company’s equity award program.