X0306 4 2021-03-05 false 0001108426 PNM RESOURCES INC PNM 0001350048 Eldred Charles N CORPORATE HEADQUARTERS MS1275 ALBUQUERQUE NM 87158-1275 false true false false EVP Corp Development & Finance Common Stock 2021-03-05 4 M false 19138.00 0.00 A 133855.00 D Common Stock 2021-03-05 4 F false 8698.00 47.42 D 125157.00 D Common Stock 2021-03-05 4 M false 1449.00 0.00 A 126606.00 D Common Stock 2021-03-05 4 F false 656.00 47.42 D 125950.00 D Common Stock 2021-03-05 4 M false 1219.00 0.00 A 127169.00 D Common Stock 2021-03-05 4 F false 552.00 47.42 D 126617.00 D Common Stock 2021-03-05 4 M false 1145.00 0.00 A 127762.00 D Common Stock 2021-03-05 4 F false 519.00 47.42 D 127243.00 D Restricted Stock Rights 2021-03-05 4 A false 4040.00 0.00 A Common Stock 4040.00 11361.00 D Restricted Stock Rights 2021-03-05 4 M false 1449.00 0.00 D Common Stock 1449.00 9912.00 D Restricted Stock Rights 2021-03-05 4 M false 1219.00 0.00 D Common Stock 1219.00 8693.00 D Restricted Stock Rights 2021-03-05 4 M false 1145.00 0.00 D Common Stock 1145.00 7548.00 D Phantom Stock Shares Common Stock 7565.00 7565.00 I PNM Common Stock Fund - PNM Resources Executive Savings Plan II The performance shares were earned as of December 31, 2020 for the 2018-2020 performance period, and settled on March 5, 2020. 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. Represents the portions of previous awards of restricted stock rights that vested effective as of March 5, 2021. 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). The security converts to common stock on a one-for-one basis. 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. 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 /s/ Angela L. Pino, POA for Charles N. Eldred 2021-03-09