Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.
Each company listed discloses TXNM in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named TXNM in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Patricia Collawn | $1,191,299 | $0 | $2,902,939 | $0 | $689,632 | $0 | $436,127 | $5,219,997 |
| Executive Chairman | ||||||||
| Joseph Tarry | 839,462 | 0 | 2,275,011 | 0 | 495,058 | 1,685 | 292,732 | 3,903,948 |
| President and CEO | ||||||||
| Brian Iverson | 463,846 | 82,052 | 583,874 | 0 | 163,800 | 0 | 123,067 | 1,416,639 |
| General Counsel, SVP, Regulatory and Public Policy | ||||||||
| Elisabeth Eden | 341,131 | 70,000 | 367,586 | 0 | 105,012 | 0 | 132,036 | 1,015,765 |
| Former SVP and Chief Financial Officer | ||||||||
| Henry Monroy | 363,495 | 60,000 | 353,234 | 0 | 100,946 | 0 | 94,635 | 972,310 |
| SVP and Chief Financial Officer | ||||||||
| Monique Jacobson | 276,923 | 0 | 351,821 | 0 | 93,315 | 0 | 53,488 | 775,547 |
| SVP, Corporate Services | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Patricia Collawn | $5,219,997 | $5,626,175 | $7,670,833 | −406,178 |
| Joseph Tarry | 3,903,948 | 2,904,377 | 2,328,520 | +999,571 |
| Brian Iverson | 1,416,639 | 1,075,798 | — | +340,841 |
| Elisabeth Eden | 1,015,765 | 1,239,821 | 1,272,990 | −224,056 |
| Henry Monroy | 972,310 | — | — | — |
| Monique Jacobson | 775,547 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Dividend-equivalent accruals | 2026-05-15 | — | 691 | — | — | 1 insider, 1 accrual row | ||
| Sidney M. Gutierrez | Director | 2026-06-10 | A | 2,698 | 0 | 0 | Common | Form 4 ↗ |
| James A. Hughes | Director | 2026-06-10 | A | 2,698 | 0 | 0 | Common | Form 4 ↗ |
| Lillian J. Montoya | Director | 2026-06-10 | A | 2,698 | 0 | 0 | Common | Form 4 ↗ |
| Maureen T. Mullarkey | Director | 2026-06-10 | A | 2,698 | 0 | 0 | Common | Form 4 ↗ |
| E. Renae Conley | Director | 2026-06-10 | A | 2,698 | 0 | 0 | Common | Form 4 ↗ |
| Vicky A. Bailey | Director | 2026-06-10 | A | 2,698 | 0 | 0 | Common | Form 4 ↗ |
| Steven C. Maestas | Director | 2026-06-10 | A | 2,698 | 0 | 0 | Common | Form 4 ↗ |
| Norman P. Becker | Director | 2026-06-10 | A | 2,698 | 0 | 0 | Common | Form 4 ↗ |
Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Patricia K. Collawn | Director | 2026-05-15 | A | 691 | $0 | $0 | Derivative, Class A Common | Form 4 ↗ |
| Sidney M. Gutierrez | Director | 2026-06-10 | A | 2,698 | 0 | 0 | Common | Form 4 ↗ |
| James A. Hughes | Director | 2026-06-10 | A | 2,698 | 0 | 0 | Common | Form 4 ↗ |
| Lillian J. Montoya | Director | 2026-06-10 | A | 2,698 | 0 | 0 | Common | Form 4 ↗ |
| Maureen T. Mullarkey | Director | 2026-06-10 | A | 2,698 | 0 | 0 | Common | Form 4 ↗ |
| E. Renae Conley | Director | 2026-06-10 | A | 2,698 | 0 | 0 | Common | Form 4 ↗ |
| Vicky A. Bailey | Director | 2026-06-10 | A | 2,698 | 0 | 0 | Common | Form 4 ↗ |
| Steven C. Maestas | Director | 2026-06-10 | A | 2,698 | 0 | 0 | Common | Form 4 ↗ |
| Norman P. Becker | Director | 2026-06-10 | A | 2,698 | 0 | 0 | Common | Form 4 ↗ |
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Patricia Collawn | PSU | 2025-02-26 | 18,397 | 36,794 | — | 73,588 | $1,870,239 |
| Patricia Collawn | RSU | 2025-02-26 | — | — | 21,963 | — | 1,032,700 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Patricia Collawn | $1,032,700 | $1,870,239 | $0 | 64.4% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Elisabeth Eden | RSU | 2,219 | — | $130,655 |
| Henry Monroy | RSU | 311 | — | 18,312 |
| Patricia Collawn | RSU | 21,963 | — | 1,293,181 |
| Patricia Collawn | RSU | 17,152 | — | 1,009,910 |
| Joseph Tarry | PSU | 60,545 | — | 3,564,890 |
| Elisabeth Eden | PSU | 3,604 | — | 212,204 |
| Patricia Collawn | PSU | 73,588 | — | 4,332,861 |
| Patricia Collawn | PSU | 60,031 | — | 3,534,625 |
| Joseph Tarry | PSU | 26,209 | — | 1,543,186 |
| Brian Iverson | PSU | 8,666 | — | 510,254 |
| Patricia Collawn | RSU | 6,019 | — | 354,399 |
| Brian Iverson | RSU | 3,525 | — | 207,552 |
| Henry Monroy | RSU | 2,732 | — | 160,860 |
| Henry Monroy | RSU | 361 | — | 21,256 |
| Brian Iverson | PSU | 16,453 | — | 968,753 |
| Monique Jacobson | RSU | 7,704 | — | 453,612 |
| Elisabeth Eden | RSU | 2,624 | — | 154,501 |
| Elisabeth Eden | RSU | 1,854 | — | 109,164 |
| Joseph Tarry | RSU | 1,700 | — | 100,096 |
| Henry Monroy | RSU | 6,348 | — | 373,770 |
| Elisabeth Eden | RSU | 650 | — | 38,272 |
| Monique Jacobson | PSU | 3,381 | — | 199,073 |
| Joseph Tarry | RSU | 4,846 | — | 285,332 |
| Joseph Tarry | RSU | 9,467 | — | 557,417 |
Our executive compensation program is designed to attract, retain and motivate highly qualified and experienced executives to support the overall objective of enhancing shareholder value. Our compensation philosophy is designed to: Provide total compensation opportunities that are market competitive and reflect the size of our Company, Pay our NEOs for performance based on corporate and business area measures, Link corporate compensation goals to the interests of our shareholders, and Recognize and reward outstanding Company and individual performance.
| CEO STI target (% of salary) | 115% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Pay Governance |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | True |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2024 | 2024-06-04 | 65,422,583 | 12,317,373 | 106,515 | 84.04% | Passed |
| 2023 | 2023-05-09 | 64,371,800 | 2,540,624 | 137,674 | 96.01% | Passed |
| 2022 | 2022-05-10 | 61,787,003 | 1,281,834 | 117,341 | 97.79% | Passed |
| 2021 | 2021-05-11 | 37,769,055 | 18,463,101 | 2,369,355 | 64.45% | Passed |
| 2020 | 2020-05-12 | 60,595,767 | 8,561,838 | 121,382 | 87.47% | Passed |
| 2019 | 2019-05-21 | 61,999,849 | 7,028,542 | 146,818 | 89.63% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2024 | 2024-06-04 | 84.04%a |
| 2023 | 2023-05-09 | 96.01%b |
| 2022 | 2022-05-10 | 97.79%c |
a. Approved under the standard stated in the filing — “PROPOSAL 3 Approve, on an advisory basis, the compensation of our NEOs Majority of shares present, in person or by proxy, and entitled to vote on the matter Abstentions have the effect of a vote against the matter, while broker non-votes will not be counted in calculating voting results.”.
b. Approved under the standard stated in the filing — “PROPOSAL 4 Approve, on an advisory basis, the compensation of our NEOs Majority of shares present, in person or by proxy, and entitled to vote on the matter Abstentions have the effect of a vote against the matter, while broker non-votes will not be counted in calculating voting results.”.
c. Approved under the standard stated in the filing — “PROPOSAL 3 Approve, on an advisory basis, the compensation of our NEOs Majority of shares present, in person or by proxy, and entitled to vote on the matter Abstentions have the effect of a vote against the matter, while broker non-votes will not be counted in calculating voting results.”.
Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
| Ratio (CEO : median employee) | 35 : 1 |
|---|---|
| CEO total compensation | $5,177,532 |
| Median employee compensation | $148,703 |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Norman P. BeckerIndependent · Lead Independent Director · Compensation and Human Capital · Finance | $164,500 | $145,000 | $0 | $0 | $0 | $309,500 |
| Maureen T. MullarkeyIndependent · Audit and Ethics (Chair) · Finance | 154,500 | 145,000 | 0 | 0 | 0 | 299,500 |
| James A. HughesIndependent · Finance (Chair) · Nominating and Governance | 149,500 | 145,000 | 0 | 0 | 0 | 294,500 |
| Vicky A. BaileyIndependent · Compensation and Human Capital · Nominating and Governance (Chair) | 137,500 | 145,000 | 0 | 0 | 0 | 282,500 |
| E. Renae ConleyIndependent · Audit and Ethics · Compensation and Human Capital (Chair) | 137,500 | 145,000 | 0 | 0 | 0 | 282,500 |
| Sidney M. GutierrezIndependent · Audit and Ethics · Nominating and Governance | 122,500 | 145,000 | 0 | 0 | 0 | 267,500 |
| Steven C. MaestasIndependent · Audit and Ethics · Finance | 122,500 | 145,000 | 0 | 0 | 0 | 267,500 |
| Lillian J. MontoyaIndependent · Compensation and Human Capital · Nominating and Governance | 122,500 | 145,000 | 0 | 0 | 0 | 267,500 |
| A. J. FohrerIndependent · Audit and Ethics · Finance · Not standing for re-election · Departed during FY | 62,500 | 145,000 | 0 | 0 | 0 | 207,500 |
| Patricia K. CollawnEmployee director · Board Chair | 0 | 0 | 0 | — | 0 | 0 |
| Joseph D. TarryEmployee director | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | — |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | $1,500 |
| Committee chair fees (audit / comp / nom-gov) | 20,000 / 15,000 / 15,000 |
| Stock ownership guideline | — |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $1,173,500 |
| Equity awards (grant-date value) | $1,305,000 |
| All other compensation | $0 |
| Total cost of the board | $2,478,500 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Of the companies TXNM Energy Inc names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.
Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including TXNM Energy Inc.
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | OGE Energy Corporation | 2025 | Sean Trauschke | $1,239,372 | $5,811,824 | $0 | $1,753,487 | $12,032,007 |
| 2 | Southwest Gas Holdings, Inc. | 2025 | Karen Haller | 1,090,685 | 5,776,085 | 0 | 1,861,200 | 10,029,409 |
| 3 | Alliant Energy Corporation | 2025 | Lisa Barton | 1,136,937 | 5,471,255 | 0 | 1,835,563 | 8,999,073 |
| 4 | Portland General Electric Company | 2025 | Maria Pope | 1,205,111 | 4,549,047 | 0 | 1,235,019 | 7,583,877 |
| 5 | IDACORP, Inc. | 2025 | Lisa Grow | 1,050,000 | 2,942,308 | 0 | 1,785,001 | 7,529,892 |
| 6 | New Jersey Resources Corporation | 2025 | Stephen Westhoven | 1,002,737 | 3,514,633 | 0 | 1,398,286 | 6,433,253 |
| 7 | Black Hills Corporation | 2025 | Linden Evans | 995,594 | 2,966,688 | 0 | 1,294,886 | 5,991,759 |
| 8 | ONE Gas, Inc. | 2025 | Robert McAnnally | 925,000 | 3,154,361 | 0 | 1,300,000 | 5,575,027 |
| 9 | NorthWestern Energy Group, Inc. | 2025 | Brian Bird | 921,263 | 2,700,022 | 0 | 743,400 | 5,016,745 |
| 10 | MDU Resources Group, Inc. | 2025 | Nicole Kivisto | 925,000 | 2,600,313 | 0 | 1,169,200 | 4,812,252 |
| 11 | Avista Corporation | 2025 | Heather Rosentrater | 786,845 | 2,653,743 | 0 | 897,732 | 4,773,308 |
| 12 | Hawaiian Electric Industries, Inc. | 2025 | Scott W. Seu | 1,024,900 | 1,721,450 | 0 | 0 | 4,430,919 |
| 13 | TXNM Energy Inc | 2025 | Joseph Tarry | 839,462 | 2,275,011 | 0 | 495,058 | 3,903,948 |
| 14 | ALLETE, Inc. | 2024 | Bethany Owen | 871,175 | 1,378,138 | 0 | 1,329,692 | 3,720,063 |
| 15 | Pinnacle West Capital Corporation | 2025 | Robert Smith | 514,658 | 1,360,231 | — | 421,609 | 2,708,803 |
Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| TXNM Energy Inc | 50% | PSU 70 · RSU 30 | Yes — Relative TSR Goal | Pay Governance |
| ALLETE, Inc. | 153.2% | PSU 75 · RSU 25 | Yes — Relative TSR | Pearl Meyer |
| Alliant Energy Corporation | 130% | PSU 75 · RSU 25 | No | Pay Governance LLC |
| Avista Corporation | 114% | PSU 65 · RSU 35 | No | Meridian Compensation Partners |
| Black Hills Corporation | 118.4% | PSU 60 · RSU 40 | Yes — Relative Total Shareholder Return (rTSR) | Meridian |
| Hawaiian Electric Industries, Inc. | not disclosed | PSU 50 · Cash LTI 50 | No | Frederic W. Cook & Co., Inc. |
| IDACORP, Inc. | 170% | PSU 67 · RSU 33 | Yes — TSR | Pay Governance |
| MDU Resources Group, Inc. | 126.4% | PSU 70 · RSU 30 | Yes — Three-Year rTSR | Independent compensation consultant (nationally-recognized firm; name not disclosed in CD&A) |
| New Jersey Resources Corporation | 126.17% | PSU 51 · RSU 49 | No | FW Cook |
| NorthWestern Energy Group, Inc. | 80% | PSU 70 · RSU 30 | Yes — TSR relative to peer group | Willis Towers Watson (WTW) |
| OGE Energy Corporation | 118% | PSU 65 · RSU 35 | No | Mercer |
| ONE Gas, Inc. | 140.6% | PSU 70 · RSU 30 | Yes — Relative TSR | Meridian Compensation Partners |
| Pinnacle West Capital Corporation | 197.5% | PSU 70 · RSU 30 | Yes — Relative TSR | FW Cook |
| Portland General Electric Company | not disclosed | PSU 70 · RSU 30 | Yes — Relative Total Shareholder Return (TSR) | FW Cook |
| Southwest Gas Holdings, Inc. | 141% | PSU 60 · RSU 40 | No | Aon Human Capital Solutions |
Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Patricia Collawn | DEF 14A | 2026-04-28 | 0001108426-26-000020 | Section “SUMMARY COMPENSATION TABLE”. As printed: 5,219,997. Filing ↗machine: t44 · r4 · c16 · span 781265–781274 |
| 2 | Section 01, Joseph Tarry | DEF 14A | 2026-04-28 | 0001108426-26-000020 | Section “SUMMARY COMPENSATION TABLE” · page 58. As printed: 3,903,948. Filing ↗machine: t44 · r7 · c16 · span 791496–791505 |
| 3 | Section 01, Brian Iverson | DEF 14A | 2026-04-28 | 0001108426-26-000020 | Section “SUMMARY COMPENSATION TABLE” · page 58. As printed: 1,416,639. Filing ↗machine: r10 · c27 · span 801747–801756 |
| 4 | Section 01, Elisabeth Eden | DEF 14A | 2026-04-28 | 0001108426-26-000020 | Section “SUMMARY COMPENSATION TABLE” · page 58. As printed: 1,015,765. Filing ↗machine: r12 · c27 · span 808680–808689 |
| 5 | Section 01, Henry Monroy | DEF 14A | 2026-04-28 | 0001108426-26-000020 | Section “SUMMARY COMPENSATION TABLE” · page 58. As printed: 972,310. Filing ↗machine: r15 · c27 · span 819165–819172 |
| 6 | Section 01, Monique Jacobson | DEF 14A | 2026-04-28 | 0001108426-26-000020 | Section “SUMMARY COMPENSATION TABLE” · page 58. As printed: 775,547. Filing ↗machine: r16 · c27 · span 823379–823386 |
| 7 | Section 03, Patricia Collawn PSU | DEF 14A | — | 0001108426-26-000020 | Section “SUMMARY COMPENSATION TABLE (” · grants of plan-based awards table. Filing ↗machine: t49 · r7 · c8 · span 1015231–1015237 |
| 8 | Section 03, Patricia Collawn RSU | DEF 14A | — | 0001108426-26-000020 | Section “SUMMARY COMPENSATION TABLE (” · grants of plan-based awards table. Filing ↗machine: t49 · r7 · c6 · span 1014756–1014762 |
| 9 | Section 07, pay ratio | DEF 14A | 2026-04-28 | 0001108426-26-000020 | Section “CEO Pay Ratio”. As printed: 35 : 1. Filing ↗machine: span 1364827–1364829 |
| 10 | Section 08, Norman P. Becker | DEF 14A | 2026-04-28 | 0001108426-26-000020 | Section “Director Compensation”. As printed: 309,500. Filing ↗machine: t17 · r3 · c9 · span 281034–281041 |
| 11 | Section 08, Maureen T. Mullarkey | DEF 14A | 2026-04-28 | 0001108426-26-000020 | Section “Director Compensation”. As printed: 299,500. Filing ↗machine: t17 · r10 · c9 · span 299198–299205 |
| 12 | Section 08, James A. Hughes | DEF 14A | 2026-04-28 | 0001108426-26-000020 | Section “Director Compensation”. As printed: 294,500. Filing ↗machine: t17 · r7 · c9 · span 291216–291223 |
| 13 | Section 08, Vicky A. Bailey | DEF 14A | 2026-04-28 | 0001108426-26-000020 | Section “Director Compensation”. As printed: 282,500. Filing ↗machine: t17 · r2 · c9 · span 278489–278496 |
| 14 | Section 08, E. Renae Conley | DEF 14A | 2026-04-28 | 0001108426-26-000020 | Section “Director Compensation”. As printed: 282,500. Filing ↗machine: t17 · r4 · c9 · span 283579–283586 |
| 15 | Section 08, Sidney M. Gutierrez | DEF 14A | 2026-04-28 | 0001108426-26-000020 | Section “Director Compensation”. As printed: 267,500. Filing ↗machine: t17 · r6 · c9 · span 288671–288678 |
| 16 | Section 08, Steven C. Maestas | DEF 14A | 2026-04-28 | 0001108426-26-000020 | Section “Director Compensation”. As printed: 267,500. Filing ↗machine: t17 · r8 · c9 · span 293773–293780 |
| 17 | Section 08, Lillian J. Montoya | DEF 14A | 2026-04-28 | 0001108426-26-000020 | Section “Director Compensation”. As printed: 267,500. Filing ↗machine: t17 · r9 · c9 · span 296330–296337 |
| 18 | Section 08, A. J. Fohrer | DEF 14A | 2026-04-28 | 0001108426-26-000020 | Section “Director Compensation”. As printed: 207,500. Filing ↗machine: t17 · r5 · c9 · span 286123–286130 |
| 19 | Section 08, Patricia K. Collawn | DEF 14A | 2026-04-28 | 0001108426-26-000020 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 20 | Section 08, Joseph D. Tarry | DEF 14A | 2026-04-28 | 0001108426-26-000020 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 21 | Section 02, Patricia K. Collawn 2026-05-15 | Form 4 | 2026-05-19 | 0001083786-26-000010 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 22 | Section 02, Sidney M. Gutierrez 2026-06-10 | Form 4 | 2026-06-11 | 0001638692-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 23 | Section 02, James A. Hughes 2026-06-10 | Form 4 | 2026-06-11 | 0001258525-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 24 | Section 02, Lillian J. Montoya 2026-06-10 | Form 4 | 2026-06-11 | 0002025287-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 25 | Section 02, Maureen T. Mullarkey 2026-06-10 | Form 4 | 2026-06-11 | 0001179991-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 26 | Section 02, E. Renae Conley 2026-06-10 | Form 4 | 2026-06-11 | 0001125828-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 27 | Section 02, Vicky A. Bailey 2026-06-10 | Form 4 | 2026-06-11 | 0001295122-26-000006 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 28 | Section 02, Steven C. Maestas 2026-06-10 | Form 4 | 2026-06-11 | 0002025676-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 29 | Section 02, Norman P. Becker 2026-06-10 | Form 4 | 2026-06-11 | 0001674431-26-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 30 | Section 06, 2024 vote | Form 8-K | 2024-06-05 | 0001108426-24-000056 | Item 5.07 · say-on-pay result. As reported: 84.04% (votes for as printed: 65,422,583). Filing ↗ |
| 31 | Section 06, 2023 vote | Form 8-K | 2023-05-10 | 0001108426-23-000028 | Item 5.07 · say-on-pay result. As reported: 96.01% (votes for as printed: 64,371,800). Filing ↗ |
| 32 | Section 06, 2022 vote | Form 8-K | 2022-05-11 | 0001108426-22-000029 | Item 5.07 · say-on-pay result. As reported: 97.79%. Filing ↗ |
| 33 | Section 01 trend, Δ column (computed) | Computed | — | computed | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 34 | Section 03b vehicle mix (computed) | Computed | — | computed | RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio |
| 35 | Section 09b board cost (computed) | Computed | — | computed | Cash 1,173,500 + equity 1,305,000 + all other 0 = 2,478,500, summed across the director compensation table rows.machine: formula: Σ = 2,478,500 |
| 36 | OGE Energy Corporation, Section 10b CEO total | DEF 14A | 2026-04-01 | 0001193125-26-138065 | CEO total compensation as printed in OGE Energy Corporation's own proxy. As printed: 12,032,007. Filing ↗machine: span 979637–979647 |
| 37 | Southwest Gas Holdings, Inc., Section 10b CEO total | DEF 14A | 2026-03-23 | 0001692115-26-000080 | CEO total compensation as printed in Southwest Gas Holdings, Inc.'s own proxy. As printed: 10,029,409. Filing ↗machine: r2 · c24 · span 1094860–1094870 |
| 38 | Alliant Energy Corporation, Section 10b CEO total | DEF 14A | 2026-03-31 | 0000352541-26-000025 | CEO total compensation as printed in Alliant Energy Corporation's own proxy. As printed: 8,999,073. Filing ↗machine: r2 · c27 · span 489074–489084 |
| 39 | Portland General Electric Company, Section 10b CEO total | DEF 14A | 2026-03-13 | 0000784977-26-000034 | CEO total compensation as printed in Portland General Electric Company's own proxy. As printed: 7,583,877. Filing ↗machine: r4 · c27 · span 2638140–2638149 |
| 40 | IDACORP, Inc., Section 10b CEO total | DEF 14A | 2026-04-02 | 0001057877-26-000091 | CEO total compensation as printed in IDACORP, Inc.'s own proxy. As printed: 7,529,892. Filing ↗machine: t35 · r2 · c9 · span 715958–715967 |
| 41 | New Jersey Resources Corporation, Section 10b CEO total | DEF 14A | 2025-12-10 | 0000356309-25-000096 | CEO total compensation as printed in New Jersey Resources Corporation's own proxy. As printed: 6,433,253. Filing ↗machine: t217 · r2 · c14 · span 1329193–1329202 |
| 42 | Black Hills Corporation, Section 10b CEO total | DEF 14A | 2026-03-18 | 0001193125-26-113958 | CEO total compensation as printed in Black Hills Corporation's own proxy. As printed: 5,991,759. Filing ↗machine: t83 · r2 · c21 · span 1356271–1356280 |
| 43 | ONE Gas, Inc., Section 10b CEO total | DEF 14A | 2026-04-01 | 0001193125-26-137922 | CEO total compensation as printed in ONE Gas, Inc.'s own proxy. As printed: 5,575,027. Filing ↗machine: span 1271269–1271278 |
| 44 | NorthWestern Energy Group, Inc., Section 10b CEO total | DEF 14A | 2026-03-12 | 0001993004-26-000018 | CEO total compensation as printed in NorthWestern Energy Group, Inc.'s own proxy. As printed: 5,016,745. Filing ↗machine: t153 · r3 · c19 · span 752129–752138 |
| 45 | MDU Resources Group, Inc., Section 10b CEO total | DEF 14A | 2026-04-01 | 0000067716-26-000040 | CEO total compensation as printed in MDU Resources Group, Inc.'s own proxy. As printed: 4,812,252. Filing ↗machine: r4 · c21 · span 904325–904334 |
| 46 | Avista Corporation, Section 10b CEO total | DEF 14A | 2026-04-01 | 0001193125-26-138034 | CEO total compensation as printed in Avista Corporation's own proxy. As printed: 4,773,308. Filing ↗machine: span 842223–842232 |
| 47 | Hawaiian Electric Industries, Inc., Section 10b CEO total | DEF 14A | 2026-04-29 | 0001104659-26-051288 | CEO total compensation as printed in Hawaiian Electric Industries, Inc.'s own proxy. As printed: 4,430,919. Filing ↗machine: t70 · r1 · c12 · span 948353–948362 |
| 48 | TXNM Energy Inc (subject), Section 10b CEO total | DEF 14A | 2026-04-28 | 0001108426-26-000020 | CEO total compensation as printed in TXNM Energy Inc's own proxy. As printed: 3,903,948. Filing ↗machine: t44 · r7 · c16 · span 791496–791505 |
| 49 | ALLETE, Inc., Section 10b CEO total | DEF 14A | 2025-03-31 | 0000066756-25-000043 | CEO total compensation as printed in ALLETE, Inc.'s own proxy. As printed: 3,720,063. Filing ↗machine: t44 · r6 · c9 · span 830445–830454 |
| 50 | Pinnacle West Capital Corporation, Section 10b CEO total | DEF 14A | 2026-04-03 | 0001628280-26-023516 | CEO total compensation as printed in Pinnacle West Capital Corporation's own proxy. As printed: 2,708,803. Filing ↗machine: r20 · c24 · span 1860400–1860409 |
| 51 | Section 10a, MDU Resources Group, Inc. reciprocity | DEF 14A | — | 0000067716-26-000040 | MDU Resources Group, Inc. names TXNM Energy Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 52 | Section 10a, New Jersey Resources Corporation reciprocity | DEF 14A | — | 0000356309-25-000096 | New Jersey Resources Corporation's most recent proxy was read; its disclosed peer group does not include TXNM Energy Inc. Filing ↗ |
| 53 | Section 10a, IDACORP, Inc. reciprocity | DEF 14A | — | 0001057877-26-000091 | IDACORP, Inc. names TXNM Energy Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 54 | Section 10a, Southwest Gas Holdings, Inc. reciprocity | DEF 14A | — | 0001692115-26-000080 | Southwest Gas Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include TXNM Energy Inc. Filing ↗ |
| 55 | Section 10a, NorthWestern Energy Group, Inc. reciprocity | DEF 14A | — | 0001993004-26-000018 | NorthWestern Energy Group, Inc. names TXNM Energy Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 56 | Section 10a, Alliant Energy Corporation reciprocity | DEF 14A | — | 0000352541-26-000025 | Alliant Energy Corporation names TXNM Energy Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 57 | Section 10a, Avista Corporation reciprocity | DEF 14A | — | 0001193125-26-138034 | Avista Corporation names TXNM Energy Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 58 | Section 10a, Hawaiian Electric Industries, Inc. reciprocity | DEF 14A | — | 0001104659-26-051288 | Hawaiian Electric Industries, Inc. names TXNM Energy Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 59 | Section 10a, OGE Energy Corporation reciprocity | DEF 14A | — | 0001193125-26-138065 | OGE Energy Corporation names TXNM Energy Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 60 | Section 10a, Pinnacle West Capital Corporation reciprocity | DEF 14A | — | 0001628280-26-023516 | Pinnacle West Capital Corporation names TXNM Energy Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 61 | Section 10a, ONE Gas, Inc. reciprocity | DEF 14A | — | 0001193125-26-137922 | ONE Gas, Inc. names TXNM Energy Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 62 | Section 10a, ALLETE, Inc. reciprocity | DEF 14A | — | 0000066756-25-000043 | ALLETE, Inc. names TXNM Energy Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 63 | Section 10a, Black Hills Corporation reciprocity | DEF 14A | — | 0001193125-26-113958 | Black Hills Corporation names TXNM Energy Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 64 | Section 10a, Portland General Electric Company reciprocity | DEF 14A | — | 0000784977-26-000034 | Portland General Electric Company names TXNM Energy Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗ |