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 10 filings in this group are Form 4s for TXNM 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 10 insider filings shown, the breakdown is 10 compensation award. None of the classified filings involved a discretionary open-market trade, so this period says nothing about what insiders think of the price.
Form 4
Compensation award
Tax / Compensation Filing
2026-08-17
TXNM insider Form 4 filed for equity award, exercise, or tax withholding
COLLAWN PATRICIA K (Director, EXECUTIVE CHAIR) 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
derivative · Phantom Stock Shares
|
739 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: COLLAWN PATRICIA K (Director, EXECUTIVE CHAIR)
Form 4
Compensation award
Tax / Compensation Filing
2026-06-11
TXNM insider Form 4 filed for equity award, exercise, or tax withholding
BAILEY VICKY A (Director) 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
|
2,698 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: BAILEY VICKY A (Director)
Shares: 2,698
Form 4
Compensation award
Tax / Compensation Filing
2026-06-11
TXNM insider Form 4 filed for equity award, exercise, or tax withholding
Maestas Steven (Director) 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
|
2,698 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Maestas Steven (Director)
Shares: 2,698
Form 4
Compensation award
Tax / Compensation Filing
2026-06-11
TXNM insider Form 4 filed for equity award, exercise, or tax withholding
Gutierrez Sidney M. (Director) 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
|
2,698 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Gutierrez Sidney M. (Director)
Shares: 2,698
Form 4
Compensation award
Tax / Compensation Filing
2026-06-11
TXNM insider Form 4 filed for equity award, exercise, or tax withholding
CONLEY E RENAE (Director) 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
|
2,698 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: CONLEY E RENAE (Director)
Shares: 2,698
Form 4
Compensation award
Tax / Compensation Filing
2026-06-11
TXNM insider Form 4 filed for equity award, exercise, or tax withholding
BECKER NORMAN P. (Director) 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
|
2,698 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: BECKER NORMAN P. (Director)
Shares: 2,698
Form 4
Compensation award
Tax / Compensation Filing
2026-06-11
TXNM insider Form 4 filed for equity award, exercise, or tax withholding
HUGHES JAMES ALTON (Director) 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
|
2,698 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: HUGHES JAMES ALTON (Director)
Shares: 2,698
Form 4
Compensation award
Tax / Compensation Filing
2026-06-11
TXNM insider Form 4 filed for equity award, exercise, or tax withholding
Montoya Lillian J (Director) 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
|
2,698 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Montoya Lillian J (Director)
Shares: 2,698
Form 4
Compensation award
Tax / Compensation Filing
2026-06-11
TXNM insider Form 4 filed for equity award, exercise, or tax withholding
MULLARKEY MAUREEN T (Director) 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
|
2,698 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: MULLARKEY MAUREEN T (Director)
Shares: 2,698
Form 4
Compensation award
Tax / Compensation Filing
2026-05-19
TXNM insider Form 4 filed for equity award, exercise, or tax withholding
COLLAWN PATRICIA K (Director, EXECUTIVE CHAIR) 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
derivative · Phantom Stock Shares
|
691 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: COLLAWN PATRICIA K (Director, EXECUTIVE CHAIR)