A Form 4 is filed within two business days of a company insider — an officer, a director, or a holder of more than ten percent of the stock — changing their position in the shares. All 9 filings in this group are Form 4s for MGE Energy, Inc.
The difficulty with reading these filings as a group is that a single form type covers transactions that mean entirely different things. An executive spending their own money to buy stock and an executive having shares withheld to pay tax on a vesting grant both appear as a Form 4. Every filing below is therefore tagged with the nature of the underlying transaction, taken from the transaction code reported on the form itself.
Across the 9 insider filings shown, the breakdown is 6 compensation award and 3 open-market purchase. 3 of them involved a discretionary open-market trade; the rest are compensation and administrative mechanics.
Form 4
Open-market purchase
Insider Buying
2026-09-11
MGEE insider Berbee James G (Director) bought 274 shares (~$21.2K)
Berbee James G, listed as Director at MGE ENERGY INC, reported an open-market purchase of 274 MGEE shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
P |
Open-market purchase
|
274 |
$77.35 |
$21.2K |
Filing: Form 4 (Insider Transaction)
Insider: Berbee James G (Director)
Shares: 274
Est. Value: $21.2K
Form 4
Open-market purchase
Insider Buying
2026-08-20
MGEE insider Berbee James G (Director) bought 261 shares (~$21.2K)
Berbee James G, listed as Director at MGE ENERGY INC, reported an open-market purchase of 261 MGEE shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
P |
Open-market purchase
|
261 |
$81.30 |
$21.2K |
Filing: Form 4 (Insider Transaction)
Insider: Berbee James G (Director)
Shares: 261
Est. Value: $21.2K
Form 4
Compensation award
Tax / Compensation Filing
2026-04-21
MGEE insider Form 4 filed for equity award, exercise, or tax withholding
Bushek Jared Joseph (VP Chief Fin. Off. & Treasurer) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
25,000 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Bushek Jared Joseph (VP Chief Fin. Off. & Treasurer)
Shares: 25,000
Form 4
Open-market purchase
Insider Buying
2026-03-12
MGEE insider Berbee James G (Director) bought 372 shares (~$28.9K)
Berbee James G, listed as Director at MGE ENERGY INC, reported an open-market purchase of 372 MGEE shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
P |
Open-market purchase
|
372 |
$77.74 |
$28.9K |
Filing: Form 4 (Insider Transaction)
Insider: Berbee James G (Director)
Shares: 372
Est. Value: $28.9K
Form 4
Compensation award
Tax / Compensation Filing
2026-03-03
MGEE insider Form 4 filed for equity award, exercise, or tax withholding
Jicha John Anthony (VP Energy Supply & Asst Treas.) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
945 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Jicha John Anthony (VP Energy Supply & Asst Treas.)
Shares: 945
Form 4
Compensation award
Tax / Compensation Filing
2026-03-03
MGEE insider Form 4 filed for equity award, exercise, or tax withholding
Lagerwall Jenny Lynn (AVP - Acctg & Controller (CAO)) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
688 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Lagerwall Jenny Lynn (AVP - Acctg & Controller (CAO))
Shares: 688
Form 4
Compensation award
Tax / Compensation Filing
2026-03-03
MGEE insider Form 4 filed for equity award, exercise, or tax withholding
Garner Melissa Tyson (VP-People & Community Engmnt) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
1,374 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Garner Melissa Tyson (VP-People & Community Engmnt)
Shares: 1,374
Form 4
Compensation award
Tax / Compensation Filing
2026-03-03
MGEE insider Form 4 filed for equity award, exercise, or tax withholding
Lorenz James Jerome (VP Energy Operations) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
1,390 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Lorenz James Jerome (VP Energy Operations)
Shares: 1,390
Form 4
Compensation award
Tax / Compensation Filing
2026-03-03
MGEE insider Form 4 filed for equity award, exercise, or tax withholding
Smith Scott Robert (VP Business and Reg. Strategy) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
1,116 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Smith Scott Robert (VP Business and Reg. Strategy)
Shares: 1,116