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TXNM ENERGY INC filed this DEF 14A on Apr 01, 2025

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TXNM ENERGY INC - DEF 14A - 20250401 - BENEFICIAL_OWNERS

Stock Ownership of Directors and Executive Officers

The Board believes that our directors and executive officers should be shareholders and have a significant long-term financial stake in the Company. The stock ownership guidelines for directors and officers are discussed on pages 17 and 51 of this proxy statement. The following table shows the amount of TXNM common stock owned by our current directors, the named executive officers and our directors and executive officers as a group as of March 24, 2025.


Name	Amount and Nature of Shares Beneficially Owned (a)
	Shares Held	Right to Acquire within 60 Days (b)	Total Shares Beneficially Owned	Percent of Shares Beneficially Owned	Deferred RSAs (c)
Non-Employee Directors:
Vicky A. Bailey	13,225	3,568	16,793	*	—
Norman P. Becker	21,810	3,568	25,378	*	—
E. Renae Conley	22,725	6,268	28,993	*	5,554
Alan J. Fohrer	26,721	8,910	35,631	*	2,344
Sidney M. Gutierrez	23,143	3,568	26,711	*	—
James A. Hughes	11,007	5,786	16,793	*	—
Steven C. Maestas	—	3,568	3,568	*	—
Lillian J. Montoya	—	—	—	*	3,568
Maureen T. Mullarkey	17,809	11,254	29,063	*	—
NEOs:
Patricia K. Collawn	749,557	139,576	889,133	*	—
Joseph D. Tarry	41,847	29,247	71,094	*	—
Elisabeth A. Eden	21,921	4,723	26,644	*	—
Brian G. Iverson	3,493	8,175	11,668	*	—
Patrick A. Apodaca 1	90,004	4,945	94,949	*	—
Directors and current Executive Officers as a Group (13 persons)	953,258	228,211	1,181,469	1.28%	11,466
*Less than 1% of TXNM outstanding shares of common stock. 1 Mr. Apodaca is not included under the “group” ownership reporting as he retired effective October 2, 2024. (a) Unless otherwise noted, each person has sole investment and voting power over the reported shares (or shares such powers with his or her spouse). (b) Beneficial ownership also includes the shares directors and executive officers have a right to acquire through (1) potential accelerated vesting (upon disability) under the PEP of non-employee director restricted stock awards that the director has elected not to defer receipt to a later date, (2) potential accelerated vesting (including upon retirement or disability) under the PEP of officer RSAs, and (3) the number of shares that executive officers have a right to acquire through the ESP II upon the participant’s termination of employment. As of February 18, 2025, the number of shares reported in this column include the following ESP II phantom share rights: P. K. Collawn - 94,442. (c) The amounts shown are restricted stock rights that directors have elected to defer receipt of under the program described on page 16. The information in this column is not required by SEC rules because the effect of the deferral election is that the director does not have the right to acquire any underlying shares within 60 days of March 24, 2025. TXNM Energy has provided this information to provide a more complete picture of the financial stake that its directors have in TXNM.