X0306 4 2017-03-07 false 0001108426 PNM RESOURCES INC PNM 0001637037 TARRY JOSEPH DON CORPORATE HEADQUARTERS MS1275 ALBUQUERQUE NM 87158-1275 false true false false VP, Finance and Controller Common Stock 2017-03-07 4 M false 393.00 A 12478.00 D Common Stock 2017-03-07 4 F false 185.00 36.40 D 12293.00 D Common Stock 2017-03-07 4 S false 2000.00 36.40 D 10293.00 D Restricted Stock Rights 2017-03-07 4 M false 393.00 0.00 D Common Stock 393.00 2282.00 D Represents the portions of previous awards of restricted stock rights that vested effective as of March 7, 2017. Represents shares withheld by PNM Resources, Inc. to satisfy the tax withholding obligations arising in connection with the vesting and settlement of the restricted stock rights award described in (1) above. The company utilizes a modified "share withholding" approach in connection with settling awards of restricted stock rights, 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 the restricted stock right award at the prevailing market price. Only these "net shares" are delivered to the recipient of the vested restricted stock rights award. Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock. 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). /s/ Laurie S. Monfiletto, POA for Joseph Don Tarry 2017-03-08