BECKER NORMAN P. 4
4 · PNM RESOURCES INC · Filed May 23, 2018
Insider Transaction Report
Form 4
BECKER NORMAN P.
Director
Transactions
- Award
Common Stock
2018-05-22+2,344→ 10,106 total
Holdings
- 779
Restricted Stock Rights
→ Common Stock (779 underlying)
Footnotes (3)
- [F1]These shares represent restricted stock units granted on May 22, 2018 that will vest on May 22, 2019 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.
- [F2]Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock.
- [F3]The restricted stock units vest in three equal annual installments from grant date. 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).