4//SEC Filing
Darnell Ronald N. 4
Accession 0001562180-23-002092
CIK 0001108426other
Filed
Feb 28, 7:00 PM ET
Accepted
Mar 1, 6:54 PM ET
Size
9.8 KB
Accession
0001562180-23-002092
Insider Transaction Report
Form 4
Darnell Ronald N.
VICE PRESIDENT, REGULATORY AFF
Transactions
- Award
Restricted Stock Rights
2023-02-28+1,669→ 5,031 total→ Common Stock (1,669 underlying) - Exercise/Conversion
Common Stock
2023-02-28+5,016→ 44,124 total - Tax Payment
Common Stock
2023-02-28$49.00/sh−2,364$115,836→ 41,760 total
Footnotes (4)
- [F1]The performance shares were earned as of December 31, 2022 for the 2020-2022 performance period, and settled on February 28, 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).
Documents
Issuer
PNM RESOURCES INC
CIK 0001108426
Entity typeother
Related Parties
1- filerCIK 0001536511
Filing Metadata
- Form type
- 4
- Filed
- Feb 28, 7:00 PM ET
- Accepted
- Mar 1, 6:54 PM ET
- Size
- 9.8 KB