---
schema_version: "secwatch.filing_event.v1"
accession: "0001108426-25-000010"
form_type: "8-K"
ticker: "TXNM"
cik: "0001108426"
company_name: "TXNM ENERGY INC"
filed_at: "2025-02-27T23:59:59+00:00"
generated_at: "2026-05-26T01:01:11.185559+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# TXNM Energy approves 2025 executive comp plans, changes LTIP grant timing

## Summary
- CEO annual bonus opportunity: 57.5%-230% of base salary; COO: 45%-180%.
- 2025 LTIP: 70% performance shares (earnings, TSR, FFO/Debt ratio goals) and 30% time-vested RSRs.
- Time-vested RSRs granted Feb 26, 2025, vest over 3 years in 33%/34%/33% tranches; past practice differed.
- Amended 2023 and 2024 LTIPs to exclude extraordinary events from FFO/Debt Ratio Goal calculation.
- No 2022 LTIP time-vested RSR component granted due to timing change.

## SEC filing metadata
- accession: 0001108426-25-000010
- form_type: 8-K
- ticker: TXNM
- cik: 0001108426
- company_name: TXNM ENERGY INC
- filed_at: 2025-02-27T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1108426/000110842625000010/0001108426-25-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1108426/000110842625000010/pnm-20250227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001108426-25-000010
- JSON: https://secwatch.observer/filing/0001108426-25-000010.json
- Plain text: https://secwatch.observer/filing/0001108426-25-000010.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.