0001562180-24-006030.txt : 20240806 0001562180-24-006030.hdr.sgml : 20240806 20240806151125 ACCESSION NUMBER: 0001562180-24-006030 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240802 FILED AS OF DATE: 20240806 DATE AS OF CHANGE: 20240806 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: COLLAWN PATRICIA K CENTRAL INDEX KEY: 0001083786 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] ORGANIZATION NAME: 01 Energy & Transportation STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-32462 FILM NUMBER: 241178684 MAIL ADDRESS: STREET 1: 414 SILVER AVE SW MS 1275 CITY: ALBUQUERQUE STATE: NM ZIP: 87102-3289 FORMER NAME: FORMER CONFORMED NAME: VINCENT PATRICIA K DATE OF NAME CHANGE: 19990409 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: TXNM ENERGY INC CENTRAL INDEX KEY: 0001108426 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 850019030 STATE OF INCORPORATION: NM FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 414 SILVER AVE. SW CITY: ALBUQUERQUE STATE: NM ZIP: 87102-3289 BUSINESS PHONE: 5052412700 MAIL ADDRESS: STREET 1: 414 SILVER AVE. SW STREET 2: ATTN: MS 1045 - ROBERT BISCHOFF CITY: ALBUQUERQUE STATE: NM ZIP: 87102-3289 FORMER COMPANY: FORMER CONFORMED NAME: PNM RESOURCES INC DATE OF NAME CHANGE: 20010618 FORMER COMPANY: FORMER CONFORMED NAME: MANZANO CORP DATE OF NAME CHANGE: 20000303 4 1 primarydocument.xml PRIMARY DOCUMENT X0508 4 2024-08-02 false 0001108426 TXNM ENERGY INC TXNM 0001083786 COLLAWN PATRICIA K CORPORATE HEADQUARTERS MS 1275 ALBUQUERQUE NM 87158-1275 true true false false CHAIRMAN AND CEO false Common Stock 2024-08-02 4 M false 26766.00 0.00 A 733843.00 D Common Stock 2024-08-02 4 F false 12112.00 41.77 D 721731.00 D Restricted Stock Rights 2024-08-02 4 M false 26766.00 0.00 D Common Stock 26766.00 43732.00 D Represents the portions of previous awards of restricted stock rights that vested effective as of August 2, 2024. Represents shares withheld by TXNM Energy, Inc. (the "Company") to satisfy the tax withholding obligations arising in connection with the settlement of equity awards. The Company utilizes a modified "share withholding" approach in connection with settling equity awards, in which it (i) withholds (in cash) an amount to satisfy tax withholding obligations and remits such amount to the relevant tax authorities, and (ii) directs a designated broker to purchase on the open market the number of shares of the Company's common stock that can be acquired with the after-tax value of equity awards at the prevailing market price. Only these "net shares" are delivered to the recipient of the equity awards. Each restricted stock right represents a contingent right to receive one share of common stock of the Company. On December 5, 2023, the reporting person was granted 26,766 restricted stock rights vesting on the earliest of (i) 24 months from the grant date, (ii) the closing of the previously disclosed potential transaction among the Company, Avangrid, Inc. and NM Green Holdings, Inc., pursuant to which NM Green Holdings, Inc. was to merge with and into the Company with the Company surviving as a wholly-owned subsidiary of Avangrid, Inc. (the "Transaction"), or (iii) six months following the date on which either the Company or Avangrid, Inc. decides to abandon the Transaction; provided that the reporting person remains employed through the vesting date. As previously announced, on December 31, 2023, Avangrid, Inc. informed the Company that it was terminating the Transaction. As a result, the reporting person's restricted stock rights vested on the first trading day after the expiration of the blackout period that was in effect on the date on which the applicable six-month period expired. /s/ Angela L. Pino, POA for Patricia K. Collawn 2024-08-06