TXNM (TXNM) director receives 2,698 restricted stock units as equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BECKER NORMAN P. reported acquisition or exercise transactions in this Form 4 filing.
TXNM Energy Inc director Norman P. Becker received an equity award of 2,698 restricted stock units on June 10, 2026. These units will vest on June 10, 2027 and be settled in common stock upon or after vesting, subject to any elections under the Director Deferred Right Program and blackout period restrictions.
Following this compensation-related grant, Becker holds 30,802 shares of common stock directly. This is a routine non-cash director compensation award rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BECKER NORMAN P.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,698 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 30,802 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 2,698 units
Post-grant holdings: 30,802 shares
Grant price: $0.00 per share
+1 more
4 metrics
RSU grant size
2,698 units
Restricted stock units granted on June 10, 2026
Post-grant holdings
30,802 shares
Common stock directly owned after the transaction
Grant price
$0.00 per share
Compensation award, no cash paid by director
Vesting date
June 10, 2027
RSUs vest and settle in common stock upon or after this date
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 on June 10, 2027"
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
"if vesting or any applicable deferred delivery dates occur during a blackout period, the vested shares will be delivered at a later date"
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
What did TXNM director Norman P. Becker report in this Form 4 transaction?
Norman P. Becker reported receiving an equity grant of 2,698 restricted stock units. These units are a form of stock-based compensation that convert into common shares after they vest, rather than an open-market stock purchase for cash.
When do Norman P. Becker’s TXNM restricted stock units vest and settle?
The 2,698 restricted stock units granted to Becker vest on June 10, 2027. They will be settled in TXNM common stock upon or after vesting, with delivery timing influenced by any deferral elections and blackout period rules.
Is Norman P. Becker’s TXNM Form 4 transaction an open-market stock purchase?
No, the Form 4 shows a compensation-related award coded as a grant, not an open-market purchase. Becker received 2,698 restricted stock units at no cash cost, which will later convert into common shares once the vesting conditions are satisfied.