secwatch.observer — SEC 8-K summary
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Issuer:     TXNM ENERGY INC (TXNM)
CIK:        0001108426
Form:       8-K
Filed at:   2026-03-03T23:59:59+00:00
Accession:  0001108426-26-000012
Event type: other
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108426/000110842626000012/0001108426-26-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108426/000110842626000012/pnm-20260303.htm
  HTML page:      https://secwatch.observer/filing/0001108426-26-000012

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