---
schema_version: "secwatch.filing_event.v1"
accession: "0001108426-26-000012"
form_type: "8-K"
ticker: "TXNM"
cik: "0001108426"
company_name: "TXNM ENERGY INC"
filed_at: "2026-03-03T23:59:59+00:00"
generated_at: "2026-05-15T21:59:46.619071+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001108426-26-000012
- form_type: 8-K
- ticker: TXNM
- cik: 0001108426
- company_name: TXNM ENERGY INC
- filed_at: 2026-03-03T23:59:59+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/1108426/000110842626000012/0001108426-26-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1108426/000110842626000012/pnm-20260303.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001108426-26-000012
- JSON: https://secwatch.observer/filing/0001108426-26-000012.json
- Plain text: https://secwatch.observer/filing/0001108426-26-000012.txt

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