TXNM Energy elects President/COO Joseph Tarry to Board; raises his base salary to $725,000

TXNM ENERGY INC

Joseph D. Tarry, 53, appointed to Board effective Dec 3, 2024, filling newly created 11th seat.
Base salary increased to $725,000; target annual cash incentive set at 90% of base salary.
Time-vested restricted stock rights award opportunity raised to 67.5% of annual base salary.
Total target annual long-term incentive award opportunity increased to 225% of base salary.
Tarry receives no additional compensation for Board service; will not serve on any committees.

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