Darnell Ronald N. 4
4 · PNM RESOURCES INC · Filed Mar 9, 2022
Insider Transaction Report
Form 4
Darnell Ronald N.
VICE PRESIDENT, REGULATORY AFF
Transactions
- Exercise/Conversion
Common Stock
2022-03-07+541→ 38,585 total - Exercise/Conversion
Common Stock
2022-03-07+509→ 38,930 total - Tax Payment
Common Stock
2022-03-07$46.11/sh−164$7,562→ 38,421 total - Tax Payment
Common Stock
2022-03-07$46.11/sh−154$7,101→ 38,776 total - Exercise/Conversion
Common Stock
2022-03-07+477→ 39,253 total - Tax Payment
Common Stock
2022-03-07$46.11/sh−145$6,686→ 39,108 total - Exercise/Conversion
Restricted Stock Rights
2022-03-07−541→ 4,348 total→ Common Stock (541 underlying) - Exercise/Conversion
Restricted Stock Rights
2022-03-07−509→ 3,839 total→ Common Stock (509 underlying) - Exercise/Conversion
Restricted Stock Rights
2022-03-07−477→ 3,362 total→ Common Stock (477 underlying)
Footnotes (4)
- [F1]Represents the portions of previous awards of restricted stock rights that vested effective as of March 7, 2022.
- [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).