Welcome to our dedicated page for TXNM Energy SEC filings (Ticker: TXNM), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The TXNM Energy, Inc. (NYSE: TXNM) SEC filings page on Stock Titan provides access to the company’s regulatory documents as filed with the U.S. Securities and Exchange Commission. TXNM Energy is an Albuquerque, New Mexico-based energy utility holding company that delivers electricity to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP).
Through this page, readers can review annual reports on Form 10-K, quarterly reports on Form 10-Q and a wide range of current reports on Form 8-K. For a regulated electric utility group like TXNM Energy, these filings are central to understanding segment performance, rate mechanisms, capital investment plans and risk factors. The company’s 8-K filings detail material events such as new credit agreements, amendments to revolving credit facilities, issuance of first mortgage bonds by TNMP, term loans at PNM, and junior subordinated notes issued by TXNM Energy.
Recent 8-K filings also describe the Agreement and Plan of Merger with Troy ParentCo LLC and Troy Merger Sub Inc., affiliates of Blackstone Infrastructure Partners L.P., under which TXNM Energy would become a wholly owned subsidiary if the merger is consummated. These filings outline the agreed cash consideration per share, shareholder approval of the merger, and the regulatory approvals required from the New Mexico Public Regulation Commission, Public Utility Commission of Texas, Federal Energy Regulatory Commission and other federal agencies.
Investors can use the filings page to follow debt and capital structure disclosures, including the terms of TXNM Energy’s junior subordinated convertible notes, fixed-to-fixed reset rate junior subordinated notes, and TNMP’s first mortgage bonds. Filings also provide information on non-GAAP “ongoing” earnings measures, reconciliations to GAAP results and explanations of how management evaluates operating performance.
Stock Titan enhances these documents with AI-powered summaries that highlight key terms, covenants and events in lengthy filings. Real-time updates from EDGAR help users quickly identify new 10-K, 10-Q and 8-K submissions, while insider transaction reports on Form 4 and proxy statements on Schedule 14A can be used to analyze executive compensation and ownership changes. This makes the TXNM Energy filings page a focused resource for understanding the company’s regulatory, financial and transactional history.
TXNM Energy Inc. reported insider activity by President and CEO Joseph Don Tarry, who also serves as a director. On 12/17/2025, 9,433 performance-based shares of common stock vested at an exercise price of $0, reflecting awards earned for the 2023–2025 performance period based on preliminary results of the applicable performance measures.
To satisfy tax withholding obligations related to this equity award, 4,269 shares were disposed of at $58.71 per share under the company’s share-withholding approach. After these transactions, Tarry directly beneficially owned 54,256 shares of TXNM Energy common stock.
TXNM Energy Inc. officer Brian Iverson reported routine equity compensation activity dated 12/17/2025. 2,344 shares of common stock vested from performance shares earned for the 2023–2025 performance period at a stated price of $0, reflecting delivery of stock rather than an open-market purchase.
To cover taxes on this vesting, 710 shares were withheld and treated as disposed of at $58.71 per share under the company’s modified share withholding approach, which involves remitting tax in cash and instructing a broker to buy replacement shares on the open market. After these transactions, Iverson directly beneficially owned 8,370 shares of TXNM Energy common stock.
TXNM Energy Inc. reported an insider equity transaction by its SVP of Corporate Services. On 12/17/2025, 658 shares of common stock vested, representing performance shares earned for the 2023–2025 period based on preliminary achievement of performance measures. On the same date, 298 shares were withheld at a price of $58.71 per share to cover tax withholding obligations tied to the equity award settlement, leaving 360 shares of common stock beneficially owned directly after these transactions. TXNM Energy uses a modified share withholding approach in which it withholds cash for taxes, has a broker purchase shares on the open market with the after-tax value, and delivers only the resulting net shares to the executive.
TXNM Energy Inc. reported an insider stock transaction by its SVP and CFO, Henry E. Monroy. On 12/17/2025, 466 shares of common stock vested from performance-based awards for the 2023 - 2025 period, increasing his direct holdings. On the same date, 211 shares were withheld at $58.71 per share to cover tax obligations tied to these equity awards. After these transactions, he directly beneficially owned 8,893 shares of TXNM Energy common stock.
The company explains that it uses a modified share-withholding method, in which it withholds cash to satisfy tax obligations and a broker purchases shares on the open market so that only net shares from equity awards are delivered to the executive.
TXNM Energy Inc. officer Gerald R. Bischoff, VP and Corporate Controller, reported equity award activity involving the company’s common stock. On 12/17/2025, he acquired 638 shares at $0 upon vesting of performance shares for the 2023–2025 performance period, based on preliminary results for the applicable performance measures. To cover related tax obligations, 289 shares were withheld at $58.71 per share, leaving him with 1,391 shares of TXNM Energy common stock beneficially owned directly after these transactions.
TXNM Energy Inc executive chair and director Patricia K. Collawn reported insider equity activity involving the company’s common stock. On 12/17/2025, 27,320 performance-based common shares vested at a price of $0, earned for the 2023–2025 performance period based on preliminary achievement of the applicable measures.
To cover tax obligations from these equity awards, the company withheld 12,363 shares at a price of $58.71 per share using its modified share-withholding approach. After these transactions, Collawn beneficially owned 764,514 shares of TXNM Energy Inc common stock directly.
TXNM Energy, Inc. disclosed that it has issued $350,000,000 aggregate principal amount of its 7.000% Fixed-to-Fixed Reset Rate Junior Subordinated Convertible Notes due 2056. These unsecured Notes are junior to the company’s existing and future senior debt and rank equally with its 5.75% Junior Subordinated Convertible Notes due 2054.
The Notes carry a fixed interest rate of 7.000% per year until July 31, 2031, then reset every five years to the Five-Year Treasury Rate plus 3.254%, with a floor of 7.000%. Interest is payable semi-annually on January 31 and July 31, starting July 31, 2026, and the Notes mature on July 31, 2056, unless redeemed earlier.
TXNM Energy may defer interest for up to 20 consecutive semi-annual periods, with interest continuing to accrue and compound. The company can redeem the Notes in several situations, including at par around the first reset date or on later interest payment dates, upon certain tax changes at par, or at 102% of principal if rating agency equity credit criteria change.
TXNM Energy Inc. President and CEO, who is also a director, reported equity award activity involving the company’s common stock. On December 1, 2025, 13,234 restricted stock rights vested and were settled into shares of common stock at an exercise price of $0, increasing his holdings. On the same date, 5,989 shares of common stock were withheld by TXNM Energy Inc. to cover tax obligations related to this equity award, at a price of $58.4 per share.
After these transactions, the reporting person directly owned 49,092 shares of TXNM Energy Inc. common stock and held 16,013 derivative securities in the form of restricted stock rights, each representing a contingent right to receive one share of common stock. The restricted stock units vest in three equal annual installments, with shares delivered on each vesting date or after any applicable blackout period ends.
TXNM Energy announced that it has started marketing a potential private offering of fixed-to-fixed reset rate junior subordinated notes to institutional investors under Rule 144A and to certain non-U.S. investors under Regulation S. The notes will not be registered under U.S. securities laws, and any transaction would depend on final terms and conditions being agreed.
The company and its subsidiary Public Service Company of New Mexico are also evaluating a pension risk transfer that could move up to $100 million of pension obligations, and corresponding plan assets, related to a previously sold gas distribution business to an insurance company via group annuity contracts. If this transaction is completed, they currently expect a non-cash charge to net income of about $65 million, or $50 million after tax, as the insurer would then assume future benefit payments for the covered retirees and beneficiaries. Both the notes offering and the pension transfer are described as potential transactions with no assurance on completion, timing, or final terms.
TXNM Energy Inc. reported that Executive Chair and director Patricia K. Collawn acquired 672 phantom stock shares on November 14, 2025 through notational dividend reinvestment under the TXNM Energy, Inc. Executive Savings Plan II. These phantom stock units convert into common stock on a one-for-one basis and are designed to mirror the value of TXNM common shares. After this transaction, she beneficially owns 96,487 phantom stock shares indirectly through the plan, which will settle in common stock upon her retirement or other termination of service.