4//SEC Filing
OLSON CHRIS M 4
Accession 0001562180-21-002106
CIK 0001108426other
Filed
Mar 8, 7:00 PM ET
Accepted
Mar 9, 6:48 PM ET
Size
25.5 KB
Accession
0001562180-21-002106
Insider Transaction Report
Form 4
OLSON CHRIS M
VP, Utility Operations
Transactions
- Exercise/Conversion
Common Stock
2021-03-05+570→ 17,221 total - Exercise/Conversion
Common Stock
2021-03-05+332→ 17,593 total - Exercise/Conversion
Restricted Stock Rights
2021-03-05−570→ 4,315 total→ Common Stock (570 underlying) - Exercise/Conversion
Common Stock
2021-03-05+7,131→ 19,962 total - Tax Payment
Common Stock
2021-03-05$47.42/sh−3,311$157,008→ 16,651 total - Tax Payment
Common Stock
2021-03-05$47.42/sh−258$12,234→ 16,963 total - Exercise/Conversion
Common Stock
2021-03-05+545→ 17,508 total - Award
Restricted Stock Rights
2021-03-05+1,778→ 4,885 total→ Common Stock (1,778 underlying) - Exercise/Conversion
Restricted Stock Rights
2021-03-05−545→ 3,770 total→ Common Stock (545 underlying) - Tax Payment
Common Stock
2021-03-05$47.42/sh−247$11,713→ 17,261 total - Tax Payment
Common Stock
2021-03-05$47.42/sh−151$7,160→ 17,442 total - Exercise/Conversion
Restricted Stock Rights
2021-03-05−332→ 3,438 total→ Common Stock (332 underlying)
Footnotes (5)
- [F1]The performance shares were earned as of December 31, 2020 for the 2018-2020 performance period, and settled on March 5, 2020.
- [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]Represents the portions of previous awards of restricted stock rights that vested effective as of March 5, 2021.
- [F4]Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock.
- [F5]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).
Documents
Issuer
PNM RESOURCES INC
CIK 0001108426
Entity typeother
Related Parties
1- filerCIK 0001699190
Filing Metadata
- Form type
- 4
- Filed
- Mar 8, 7:00 PM ET
- Accepted
- Mar 9, 6:48 PM ET
- Size
- 25.5 KB