X0306 4 2022-02-24 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 2022-03-01 4 M false 15125.00 0.00 A 142368.00 D Common Stock 2022-03-01 4 F false 4615.00 44.64 D 137753.00 D Restricted Stock Rights 2022-03-01 4 A false 5304.00 0.00 A Common Stock 5304.00 12852.00 D Phantom Stock Shares 2022-02-24 4 A false 61.00 0.00 A Common Stock 61.00 7777.00 I PNM Common Stock Fund - PNM Resources Executive Savings Plan II The performance shares were earned as of December 31, 2021 for the 2019-2021 performance period, and settled on March 1, 2022. 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. 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. Reflects the amount of phantom shares acquired under the PNM Resources, Inc. Executive Savings Plan II through notational dividend reinvestment on the cash dividend payment date of February 24, 2022. 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. /s/ Angela L. Pino, POA for Charles N. Eldred 2022-03-03