Henry E. Monroy - Mar 7, 2023 Form 4 Insider Report for PNM RESOURCES INC (PNM)

Role
VP & Corporate Controller
Signature
/s/ Angela L. Pino, POA for Henry E Monroy
Stock symbol
PNM
Transactions as of
Mar 7, 2023
Transactions value $
-$19,520
Form type
4
Date filed
3/8/2023, 05:28 PM
Previous filing
Mar 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNM Common Stock Options Exercise $0 +341 +5.83% $0.00 6.19K Mar 7, 2023 Direct F1
transaction PNM Common Stock Tax liability -$7.56K -155 -2.5% $48.80 6.04K Mar 7, 2023 Direct F2
transaction PNM Common Stock Options Exercise $0 +257 +4.26% $0.00 6.29K Mar 7, 2023 Direct F1
transaction PNM Common Stock Tax liability -$5.71K -117 -1.86% $48.80 6.18K Mar 7, 2023 Direct F2
transaction PNM Common Stock Options Exercise $0 +281 +4.55% $0.00 6.46K Mar 7, 2023 Direct F1
transaction PNM Common Stock Tax liability -$6.25K -128 -1.98% $48.80 6.33K Mar 7, 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PNM Restricted Stock Rights Options Exercise $0 -341 -12.96% $0.00 2.29K Mar 7, 2023 Common Stock 341 Direct F3, F4
transaction PNM Restricted Stock Rights Options Exercise $0 -257 -11.22% $0.00 2.03K Mar 7, 2023 Common Stock 257 Direct F3, F4
transaction PNM Restricted Stock Rights Options Exercise $0 -281 -13.82% $0.00 1.75K Mar 7, 2023 Common Stock 281 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the portions of previous awards of restricted stock rights that vested effective as of March 7, 2023.
F2 Represents shares withheld by PNM Resources, Inc. to satisfy the tax withholding obligations arising in connection with the settlement of equity awards. The company utilizes a modified "share withholding" approach in connection with settling equity awards, in which it (i) withholds (in cash) an amount to satisfy tax withholding obligations and remits such amount to the relevant tax authorities, and (ii) directs a designated broker to purchase on the open market the number of shares of the company's common stock that can be acquired with the after-tax value of equity awards at the prevailing market price. Only these "net shares" are delivered to the recipient of the equity awards.
F3 Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock.
F4 The restricted stock units vest in three equal annual installments. Vested shares will be delivered to the reporting person on the applicable vesting dates (or, if the company is in a blackout period under its insider trading policy on any vesting date, at a later date after such blackout period ends).