On February 24, 2025, TXNM Energy's Board approved new compensation plans for executives, including a 2025 Annual Incentive Plan with cash bonuses based on performance and a 2025 Long-Term Incentive Plan with performance share awards and restricted stock rights. The Annual Incentive Plan allows bonuses ranging from 32.5% to 230% of base salaries depending on performance metrics, while the Long-Term Incentive Plan allocates 70% to performance shares and 30% to restricted stock rights over a three-year period.