MGE Energy (MGEE) VP awarded 945 RSUs vesting in 2028, holdings rise

Rhea-AI Filing Summary

MGE Energy executive John Anthony Jicha, VP Energy Supply & Assistant Treasurer, received a grant of 945 restricted stock units that convert into common stock on a one-to-one basis when vested. These RSUs vest on December 31, 2028. After this award, his directly owned common stock, including adjustments for accrued dividends through dividend reinvestment, totals about 2,815.3073 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Jicha John Anthony

Role VP Energy Supply & Asst Treas.

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	945	$0.00	--

Holdings After Transaction: Common Stock — 2,815.307 shares (Direct)

Footnotes (1)

1. Represents restricted stock units (RSUs) which are converted to common stock on a one-to-one basis when vested. The RSUs vest on December 31, 2028. Includes adjustments for accrued dividends pursuant to dividend reinvestment and exempt from Sec 16 under Rule 16a-11

Form 4 Insider Transactions: What Each Field Means →

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
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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^*

Jicha John Anthony

(Last) (First) (Middle)

623 RAILROAD STREET

PO BOX 1231

(Street)

MADISON WI 53701-1231

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MGE ENERGY INC [ MGEE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP Energy Supply & Asst Treas.

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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
Common Stock	03/02/2026		A		945(1)	A	$0	2,815.3073(2)	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. Represents restricted stock units (RSUs) which are converted to common stock on a one-to-one basis when vested. The RSUs vest on December 31, 2028.

2. Includes adjustments for accrued dividends pursuant to dividend reinvestment and exempt from Sec 16 under Rule 16a-11

	/s/ John A. Jicha	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.

FAQ

What insider transaction did MGE Energy (MGEE) report for John Anthony Jicha?

MGE Energy reported that executive John Anthony Jicha received a grant of 945 restricted stock units. These RSUs convert into common stock on a one-to-one basis when vested, increasing his direct equity-based compensation in the company.

What type of shares did John Anthony Jicha acquire in the MGEE Form 4 filing?

John Anthony Jicha acquired 945 restricted stock units tied to MGE Energy common stock. Each RSU will convert into one share of common stock upon vesting, aligning his compensation with long-term shareholder value through equity awards instead of cash purchases.

When do John Anthony Jicha’s MGE Energy restricted stock units vest?

The 945 restricted stock units awarded to John Anthony Jicha vest on December 31, 2028. On that vesting date, the RSUs convert into an equivalent number of MGE Energy common shares, subject to continued service and any applicable plan conditions.

How many MGE Energy shares does John Anthony Jicha own after this Form 4 transaction?

Following the RSU grant, John Anthony Jicha directly owns 2,815.3073 shares of MGE Energy common stock. This figure includes adjustments for accrued dividends that were reinvested, which are exempt from Section 16 under SEC Rule 16a-11 according to the filing footnote.

Did John Anthony Jicha pay cash for the MGE Energy shares reported in this Form 4?

No cash was paid for the reported shares, as indicated by the zero transaction price per share. The 945 units represent an equity grant of restricted stock units, a form of non-cash compensation that converts into common shares when vesting requirements are met.

What is John Anthony Jicha’s role at MGE Energy (MGEE) mentioned in the Form 4?

In the Form 4, John Anthony Jicha is identified as an officer of MGE Energy, serving as Vice President, Energy Supply and Assistant Treasurer. The equity award ties part of his compensation to the company’s stock performance over time.