ELDRED CHARLES N (EVP, CFO) exercised options at TXNM ENERGY INC

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

M · 4 exercises

ELDRED CHARLES N

Filed: 3/9/2021ACC: 0001562180-21-002109

InsiderELDRED CHARLES NCIK 1350048

→

IssuerTXNM ENERGY INCCIK 1108426

Officer· EVP, CFO

Since Mar 2019

+12.75K

Net shares

Net buyer

$494.4K

Total sold

Open market trades

0B · 0S

Total transactions

26.99K acquired · 14.24K disposed

Non-Derivative Transactions8

Common Stock

Direct

M · Option Exercise

+19.14K

Price / share

—

Trade value

—

% of position

16.7%

3/5/2021

114.72K→133.85K

Common Stock

Direct

F · Tax Withholding

−8.70K

Price / share

$47.42

Trade value

$412.46K

% of position

6.5%

3/5/2021

133.85K→125.16K

Common Stock

Direct

M · Option Exercise

+1.45K

Price / share

—

Trade value

—

% of position

1.2%

3/5/2021

125.16K→126.61K

Common Stock

Direct

F · Tax Withholding

−656.00

Price / share

$47.42

Trade value

$31.11K

% of position

0.5%

3/5/2021

126.61K→125.95K

Common Stock

Direct

M · Option Exercise

+1.22K

Price / share

—

Trade value

—

% of position

1.0%

3/5/2021

125.95K→127.17K

Common Stock

Direct

F · Tax Withholding

−552.00

Price / share

$47.42

Trade value

$26.18K

% of position

0.4%

3/5/2021

127.17K→126.62K

Common Stock

Direct

M · Option Exercise

+1.15K

Price / share

—

Trade value

—

% of position

0.9%

3/5/2021

126.62K→127.76K

Common Stock

Direct

F · Tax Withholding

−519.00

Price / share

$47.42

Trade value

$24.61K

% of position

0.4%

3/5/2021

127.76K→127.24K

Total

Net shares

+12.53K

Net value

-$494.35K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	3/5/2021	M · Option Exercise	+19.14K	—	—	16.7%	114.72K	133.85K
Common Stock Direct	3/5/2021	F · Tax Withholding	−8.70K	$47.42	$412.46K	6.5%	133.85K	125.16K
Common Stock Direct	3/5/2021	M · Option Exercise	+1.45K	—	—	1.2%	125.16K	126.61K
Common Stock Direct	3/5/2021	F · Tax Withholding	−656.00	$47.42	$31.11K	0.5%	126.61K	125.95K
Common Stock Direct	3/5/2021	M · Option Exercise	+1.22K	—	—	1.0%	125.95K	127.17K
Common Stock Direct	3/5/2021	F · Tax Withholding	−552.00	$47.42	$26.18K	0.4%	127.17K	126.62K
Common Stock Direct	3/5/2021	M · Option Exercise	+1.15K	—	—	0.9%	126.62K	127.76K
Common Stock Direct	3/5/2021	F · Tax Withholding	−519.00	$47.42	$24.61K	0.4%	127.76K	127.24K
Total			+12.53K		-$494.35K

Derivative Transactions4

Restricted Stock Rights

Direct

A · Award

Converts to

Common Stock

4.04K shares

+4.04K

Strike price

Held after

11.36K

Exercisable

—

3/5/2021

Restricted Stock Rights

Direct

M · Option Exercise

Converts to

Common Stock

1.45K shares

−1.45K

Strike price

Held after

9.91K

Exercisable

—

3/5/2021

Restricted Stock Rights

Direct

M · Option Exercise

Converts to

Common Stock

1.22K shares

−1.22K

Strike price

Held after

8.69K

Exercisable

—

3/5/2021

Restricted Stock Rights

Direct

M · Option Exercise

Converts to

Common Stock

1.15K shares

−1.15K

Strike price

Held after

7.55K

Exercisable

—

3/5/2021

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Rights Direct	Common Stock4.04K shares	3/5/2021	A · Award	+4.04K	—	11.36K
Restricted Stock Rights Direct	Common Stock1.45K shares	3/5/2021	M · Option Exercise	−1.45K	—	9.91K
Restricted Stock Rights Direct	Common Stock1.22K shares	3/5/2021	M · Option Exercise	−1.22K	—	8.69K
Restricted Stock Rights Direct	Common Stock1.15K shares	3/5/2021	M · Option Exercise	−1.15K	—	7.55K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)1

Phantom Stock Shares

Indirect

Underlying security

Common Stock

Underlying shares

7.57K

Shares owned

7.57K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

7.57K

Owned

7.57K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Phantom Stock Shares Indirect	Common Stock		—	—	7.57K	7.57K
Total					7.57K	7.57K