DARNELL RONALD N. (SVP, PUBLIC POLICY) exercised options at TXNM ENERGY INC

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 3 exercises

DARNELL RONALD N.

Filed: 3/10/2020ACC: 0001562180-20-002351

InsiderDARNELL RONALD N.CIK 1536511

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IssuerTXNM ENERGY INCCIK 1108426

Officer· SVP, PUBLIC POLICY

Since Mar 2019

-701.00

Net shares

Net seller

$36.3K

Total sold

Open market trades

0B · 0S

Total transactions

1.58K acquired · 2.28K disposed

Non-Derivative Transactions6

Common Stock

Direct

M · Option Exercise

+531.00

Price / share

—

Trade value

—

% of position

1.9%

3/6/2020

27.54K→28.07K

Common Stock

Direct

F · Tax Withholding

−235.00

Price / share

$51.83

Trade value

$12.18K

% of position

0.8%

3/6/2020

28.07K→27.84K

Common Stock

Direct

M · Option Exercise

+573.00

Price / share

—

Trade value

—

% of position

2.1%

3/6/2020

27.84K→28.41K

Common Stock

Direct

F · Tax Withholding

−254.00

Price / share

$51.83

Trade value

$13.16K

% of position

0.9%

3/6/2020

28.41K→28.16K

Common Stock

Direct

M · Option Exercise

+478.00

Price / share

—

Trade value

—

% of position

1.7%

3/6/2020

28.16K→28.64K

Common Stock

Direct

F · Tax Withholding

−212.00

Price / share

$51.83

Trade value

$10.99K

% of position

0.7%

3/6/2020

28.64K→28.43K

Total

Net shares

+881.00

Net value

-$36.33K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	3/6/2020	M · Option Exercise	+531.00	—	—	1.9%	27.54K	28.07K
Common Stock Direct	3/6/2020	F · Tax Withholding	−235.00	$51.83	$12.18K	0.8%	28.07K	27.84K
Common Stock Direct	3/6/2020	M · Option Exercise	+573.00	—	—	2.1%	27.84K	28.41K
Common Stock Direct	3/6/2020	F · Tax Withholding	−254.00	$51.83	$13.16K	0.9%	28.41K	28.16K
Common Stock Direct	3/6/2020	M · Option Exercise	+478.00	—	—	1.7%	28.16K	28.64K
Common Stock Direct	3/6/2020	F · Tax Withholding	−212.00	$51.83	$10.99K	0.7%	28.64K	28.43K
Total			+881.00		-$36.33K

Derivative Transactions3

Restricted Stock Rights

Direct

M · Option Exercise

Converts to

Common Stock

531.00 shares

−531.00

Strike price

Held after

4.10K

Exercisable

—

3/6/2020

Restricted Stock Rights

Direct

M · Option Exercise

Converts to

Common Stock

573.00 shares

−573.00

Strike price

Held after

3.53K

Exercisable

—

3/6/2020

Restricted Stock Rights

Direct

M · Option Exercise

Converts to

Common Stock

478.00 shares

−478.00

Strike price

Held after

3.05K

Exercisable

—

3/6/2020

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Rights Direct	Common Stock531.00 shares	3/6/2020	M · Option Exercise	−531.00	—	4.10K
Restricted Stock Rights Direct	Common Stock573.00 shares	3/6/2020	M · Option Exercise	−573.00	—	3.53K
Restricted Stock Rights Direct	Common Stock478.00 shares	3/6/2020	M · Option Exercise	−478.00	—	3.05K