TXNM Energy ( (TXNM) ) has issued an update.
On February 24, 2025, TXNM Energy’s Board of Directors approved new compensatory arrangements for its executive officers, including the 2025 Officer Annual Incentive Plan and the 2025 Long-Term Incentive Plan. The Annual Incentive Plan, covering the year 2025, offers cash bonuses based on achieving specific earnings per share and other goals, with payouts contingent on meeting a minimum earnings threshold. The Long-Term Incentive Plan spans three years and includes performance share awards and time-vested restricted stock rights, with awards contingent on meeting earnings growth, relative TSR, and FFO/Debt Ratio goals. Amendments to previous plans were also approved to exclude extraordinary events from performance calculations.
More about TXNM Energy
YTD Price Performance: 6.01%
Average Trading Volume: 824,482
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.66B
Learn more about TXNM stock on TipRanks’ Stock Analysis page.