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Insider Trading Intelligence
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Norman P. Becker

TXNM
DIRECTOR · TXNM ENERGY INC · CIK 0001674431
FILING MIX · LIFETIME67%/33%
BUYS
2
SELLS
1
TOTAL VALUE
$111.4K
COMPANIES
1
ACTIVE SINCE
Nov 2024
HOLDINGS NOW
30,802
AVG SELL PX
$48.42
TRADE KIND
SHOWING 3 / 3
Trades · vs SPY
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Performance · forward returns vs SPY
1 backtested trades · 8 horizons · 1 pendingHow are these numbers computed? →
Forward-return performance of every backtestable P/S trade by Norman P. Becker, measured at 8 horizons from 7 days to 2 years. Deduped per economic event so co-filings count once. Excess return = trade return minus SPY return over the same window.
HORIZONTRADESWIN RATEINSIDER RETURNSPY RETURNMEAN EXCESSMEDIAN EXCESST-STAT
7d1+0.00%+1.51%+0.87%+0.64%+0.64%
14d1+0.00%+3.47%+2.19%+1.28%+1.28%
30d1+100.00%-1.11%-0.09%-1.02%-1.02%
60d1+100.00%-0.19%+1.92%-2.11%-2.11%
90d1+0.00%+5.16%+3.59%+1.57%+1.57%
180d1+0.00%+16.36%+0.50%+15.86%+15.86%
1y1+0.00%+19.83%+11.72%+8.11%+8.11%
2y1(1 pending)
How to read this: Insider Returnis the average raw return of the filer's trades over the horizon. SPY Return is what SPY did over those same windows — reference only, not a comparison. The headline alpha number is Mean Excess = Insider − SPY; green means the filer beat SPY, red means they trailed it. Win rate is the share of individual trades where the filer beat SPY. T-statvalues above 2 mean the alpha is unlikely to be chance given the sample size. "Pending" counts trades where the horizon hasn't elapsed yet; their stats are not included in the row average.
Holdings over time
TXNM · 30,802 shares · as of Jun 10, 2026
07,70115,40123,10230,80220252026SHARES HELD
Trading cadence · quarterly flow
BUY SELL
2024
2025
2025
2025
2025
2026
2026
FLOW · 2 buys / 1 sellsCOVERAGE · 7 quarters
Form 4 filings · all activity
COMPANYTYPESHARESPRICEVALUEHELD AFTERTRADE DATEFILEDDETAILS
TXNM
TXNM ENERGY INC
PURCHASEGRANT
Stock grant
2,69830,802Jun 10, 2026Jun 11, 2026View →
TXNM
TXNM ENERGY INC
PURCHASEGRANT
Stock grant
2,72628,104May 13, 2025May 15, 2025View →
TXNM
TXNM ENERGY INC
SALE
2,300$48.42$111.4K25,378Nov 21, 2024Nov 25, 2024View →
Other insiders · TXNM
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About this filer
CIK 0001674431
ROLE
Director
PRIMARY
TXNM
COMPANIES
1
ACTIVE SINCE
Nov 2024
MARKETPEEL · /INSIDER/0001674431DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE
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