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TXNM Energy Inc Executive Compensation (FY25)

EGT · Executive and director compensation, fiscal 2023 to 2025
Chief executive, fiscal 2025
◇
Joseph Tarry
Median of the other named officers
$1,015,765
5 officers, excluding the chief executive
Latest say-on-pay support
=
June 10, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 18, 2026Latest filing (8-K): June 11, 2026
6 filings cited on this page
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TXNM Energy Inc brief$1,500Get the executive brief
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184 figures on this page: 179 cited to the filing that reported them, 5 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Joseph Tarry: $2,904,377 → $3,903,948 (34.4% higher)
Say-on-pay support: 98.2% → 98.7% (0.5 points higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is TXNM Energy Inc's chief executive and what were they paid?
Joseph Tarry was paid $3,903,948 in total compensation as President and CEO for fiscal 2025. Tarry's total moved 34.4% higher from the $2,904,377 reported for fiscal 2024.
What was TXNM Energy Inc's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 98.7% of votes cast for or against in favor at the meeting held June 10, 2026.
Which companies are in TXNM Energy Inc's peer group?
Companies named in the disclosed peer group include ALLETE, Inc., Alliant Energy Corporation, Avista Corporation, Black Hills Corporation and Hawaiian Electric Industries, Inc., among others.
What is TXNM Energy Inc's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 35:1, against median employee compensation of $148,703.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Patricia Collawn
Executive Chairman
◇◇◇—◇—◇◇
Joseph Tarry
President and CEO
◇◇◇—◇◇◇◇
Elisabeth Eden
former SVP & Chief Financial Officer
◇◇◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Patricia Collawn
Executive Chairman
◇—◇—◇—◇◇
Joseph Tarry
President and CEO
◇—◇—◇◇◇◇
Elisabeth Eden
former SVP & Chief Financial Officer
◇◇◇—◇—◇◇
Brian Iverson
General Counsel, SVP, Regulatory & Public Policy
◇◇◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Patricia Collawn
Executive Chairman
◇—◇—◇—◇◇
Joseph Tarry
President and CEO
◇—◇—◇◇◇◇
Brian Iverson
General Counsel, SVP, Regulatory & Public Policy
◇◇◇—◇—◇◇
Elisabeth Eden
former SVP & Chief Financial Officer
Departed during or after this year
◇◇◇—◇—◇◇
Henry Monroy
SVP & Chief Financial Officer
◇◇◇—◇—◇◇
Monique Jacobson
SVP, Corporate Services
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
H. MonroyRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
E. EdenRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
J. TarryRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
M. JacobsonPSU◇◇——
RSU◇◇——
B. IversonRSU◇◇——
PSU◇◇——
PSU◇◇——
P. CollawnRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Norman P. Becker
◇◇————◇
Maureen T. Mullarkey
◇◇————◇
James A. Hughes
◇◇————◇
Vicky A. Bailey
◇◇————◇
E. Renae Conley
◇◇————◇
Sidney M. Gutierrez
◇◇————◇
S. C. Maestas
◇◇————◇
L. J. Montoya
◇◇————◇
A. J. Fohrer
◇◇————◇
Joseph D. Tarry and Patricia K. Collawn served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Board meeting fee◇
Committee meeting fee◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • ALLETE, Inc. ALE
  • Alliant Energy Corporation LNT
  • Avista Corporation AVA
  • Black Hills Corporation BKH
  • Hawaiian Electric Industries, Inc. HE
  • IDACORP, Inc. IDA
  • MDU Resources Group, Inc. MDU
  • New Jersey Resources Corporation NJR
  • NorthWestern Energy Group, Inc. NWE
  • OGE Energy Corporation OGE
  • ONE Gas, Inc. OGS
  • Pinnacle West Capital Corporation PNW
  • Portland General Electric Company GE
  • Southwest Gas Holdings, Inc. SWX

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 10, 2026=◇◇◇
2024May 13, 2025=◇◇◇
2019May 12, 2020=◇◇◇
2017May 22, 2018=◇◇◇
2016May 16, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Joseph Tarry (President and CEO), FY2025 total compensation $3,903,948 (base salary $839,462) [exec_comp, SEC accession 0001108426-26-000020, filed 2026-04-28]

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What this page does not include

Everything above is a fact TXNM Energy Inc disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where TXNM Energy Inc sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
184 figures on this page: 179 cited to the filing that reported them, 5 calculated from figures it prints.
179 cited to the filing
5 calculated from the filing

Documents cited

  1. 0001108426-26-000033
  2. 0001108426-26-000020
    Director Compensation
  3. 0001108426-25-000038
  4. 0001108426-20-000045
  5. 0001108426-18-000032
  6. 0001108426-17-000022
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “TXNM Energy Inc executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/EGT (accessed 2026).
Short form: data: Velarion

The TXNM Energy Inc brief, $1,500

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6 filings cited on this page
Method: intel.velarion.ai/methodology
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Published by Velarion Company Intelligence
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Peers TXNM Energy Inc discloses

The companies named in EGT's own disclosed peer group.

ALLETE, Inc.Alliant Energy CorporationAvista CorporationBlack Hills CorporationHawaiian Electric Industries, Inc.IDACORP, Inc.MDU Resources Group, Inc.New Jersey Resources CorporationNorthWestern Energy Group, Inc.OGE Energy CorporationONE Gas, Inc.Pinnacle West Capital CorporationPortland General Electric CompanySouthwest Gas Holdings, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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