TXNM Energy approves 2026 executive incentive plans with bonus and LTIP ranges

TXNM ENERGY INC

2026 Annual Incentive Plan: cash bonuses based on Incentive EPS threshold; CEO/Exec Chair bonus range 57.5%-230% of salary.
2026 LTIP: 70% performance shares (Earnings Growth + FFO/Debt goals) and 30% time-vested RSRs; CEO performance share range 122.5%-490% of salary.
Other NEOs: GC, SVP Regulatory & Public Policy, CFO bonus ranges 35%-140%; LTIP performance share ranges 47.25%-189% (GC), 42%-168% (CFO).
Time-vested RSR vesting: 33% on Mar 7, 2027; 34% Mar 7, 2028; 33% Mar 7, 2029.
Incentive EPS threshold must be met for any annual bonus; awards paid by Mar 15, 2027.

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