4//SEC Filing
Eldred Charles N 4
Accession 0001562180-21-002109
CIK 0001108426other
Filed
Mar 8, 7:00 PM ET
Accepted
Mar 9, 6:49 PM ET
Size
27.4 KB
Accession
0001562180-21-002109
Insider Transaction Report
Form 4
Eldred Charles N
Sr. VP & CFO
Transactions
- Exercise/Conversion
Common Stock
2021-03-05+1,449→ 126,606 total - Exercise/Conversion
Common Stock
2021-03-05+1,219→ 127,169 total - Tax Payment
Common Stock
2021-03-05$47.42/sh−552$26,176→ 126,617 total - Tax Payment
Common Stock
2021-03-05$47.42/sh−519$24,611→ 127,243 total - Exercise/Conversion
Restricted Stock Rights
2021-03-05−1,449→ 9,912 total→ Common Stock (1,449 underlying) - Tax Payment
Common Stock
2021-03-05$47.42/sh−8,698$412,459→ 125,157 total - Award
Restricted Stock Rights
2021-03-05+4,040→ 11,361 total→ Common Stock (4,040 underlying) - Exercise/Conversion
Restricted Stock Rights
2021-03-05−1,219→ 8,693 total→ Common Stock (1,219 underlying) - Exercise/Conversion
Common Stock
2021-03-05+19,138→ 133,855 total - Tax Payment
Common Stock
2021-03-05$47.42/sh−656$31,108→ 125,950 total - Exercise/Conversion
Common Stock
2021-03-05+1,145→ 127,762 total - Exercise/Conversion
Restricted Stock Rights
2021-03-05−1,145→ 7,548 total→ Common Stock (1,145 underlying)
Holdings
- 7,565(indirect: PNM Common Stock Fund - PNM Resources Executive Savings Plan II)
Phantom Stock Shares
→ Common Stock (7,565 underlying)
Footnotes (8)
- [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).
- [F6]The security converts to common stock on a one-for-one basis.
- [F7]The phantom stock shares were acquired under the PNM Resources, Inc. Executive Savings Plan II, and will settle upon the Reporting Person's retirement or other termination of service.
- [F8]Total represents phantom stock shares of PNM Resources, Inc. Common Stock acquired under the PNM Resources, Inc. Executive Savings Plan II as of February 26, 2021
Documents
Issuer
PNM RESOURCES INC
CIK 0001108426
Entity typeother
Related Parties
1- filerCIK 0001350048
Filing Metadata
- Form type
- 4
- Filed
- Mar 8, 7:00 PM ET
- Accepted
- Mar 9, 6:49 PM ET
- Size
- 27.4 KB