Sidney M. Gutierrez - May 11, 2021 Form 4 Insider Report for PNM RESOURCES INC (PNM)

Role: Director
Signature: /s/ Angela L. Pino, POA for Sidney M. Gutierrez
Stock symbol: PNM
Transactions as of: May 11, 2021
Transactions value $: $0
Form type: 4
Date filed: 5/12/2021, 05:45 PM
Next filing: May 12, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PNM	Common Stock	Award	$0	+2.43K	+15.92%	$0.00	17.7K	May 11, 2021	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares represent restricted stock units granted on May 11, 2021 that will vest on May 11, 2022 and be settled in common stock upon or after vesting (and delivered in accordance with any elections made under the Director Deferred Rights Program), provided that if vesting or any applicable deferred delivery dates occur during a blackout period, the vested shares will be delivered at a later date after such blackout period ends.

Content

These shares represent restricted stock units granted on May 11, 2021 that will vest on May 11, 2022 and be settled in common stock upon or after vesting (and delivered in accordance with any elections made under the Director Deferred Rights Program), provided that if vesting or any applicable deferred delivery dates occur during a blackout period, the vested shares will be delivered at a later date after such blackout period ends.