Sidney M. Gutierrez - May 10, 2022 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 10, 2022
Transactions value $: $0
Form type: 4
Date filed: 5/12/2022, 12:19 PM
Previous filing: May 12, 2021
Next filing: May 10, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PNM	Common Stock	Award	$0	+2.75K	+15.56%	$0.00	20.4K	May 10, 2022	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 10, 2022 that will vest on May 10, 2023 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 10, 2022 that will vest on May 10, 2023 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.