X0508 4 2025-02-26 false 0001108426 TXNM ENERGY INC TXNM 0002004351 Bischoff Gerald R 414 SILVER AVE. SW MS1075 ALBUQUERQUE NM 87102 false true false false VP and Corporate Controller false Common Stock 2025-02-26 4 M false 328.00 0.00 A 866.00 D Common Stock 2025-02-26 4 F false 166.00 51.69 D 700.00 D Restricted Stock Rights 2025-02-26 4 A false 897.00 0.00 A Common Stock 897.00 2333.00 D The performance shares were earned as of December 31, 2024 for the 2022-2024 performance period, and settled on February 26, 2025. 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 TXNM Energy, Inc. common stock The restricted stock units vest in three equal annual installments. Vested shares will be delivered to the reporting person on the applicable vesting dates (or, if the company is in a blackout period under its insider trading policy on any vesting date, at a later date after such blackout period ends). /s/ Angela L. Pino, POA for Gerald R Bischoff 2025-02-28