Apodaca Patrick V 4
4 · PNM RESOURCES INC · Filed Dec 7, 2023
Insider Transaction Report
Form 4
Apodaca Patrick V
SR VP, GEN COUNSEL & SECY
Transactions
- Award
Restricted Stock Rights
2023-12-05+8,922→ 13,066 total→ Common Stock (8,922 underlying)
Footnotes (2)
- [F1]Each restricted stock right represents a contingent right to receive one share of common stock of PNM Resources, Inc. (the "Company").
- [F2]The restricted stock units vest on the earliest of (i) 24 months from the grant date, (ii) the closing of the previously disclosed potential transaction among the Company, Avangrid, Inc. and NM Green Holdings, Inc., pursuant to which NM Green Holdings, Inc. will merge with and into the Company with the Company surviving as a wholly-owned subsidiary of Avangrid, Inc. (the "Transaction"), or (iii) six months following the date on which either the Company or Avangrid, Inc. decides to abandon the Transaction; provided that the reporting person remains employed through the vesting date.