X0306 4 2022-03-07 false 0001108426 PNM RESOURCES INC PNM 0001478313 Apodaca Patrick V CORPORATE HEADQUARTERS MS 1275 ALBUQUERQUE NM 87158-1275 false true false false SVP, GEN COUNSEL & SECY Common Stock 2022-03-07 4 M false 670.00 0.00 A 81917.00 D Common Stock 2022-03-07 4 F false 304.00 46.11 D 81613.00 D Common Stock 2022-03-07 4 M false 658.00 0.00 A 82271.00 D Common Stock 2022-03-07 4 F false 298.00 46.11 D 81973.00 D Common Stock 2022-03-07 4 M false 624.00 0.00 A 82597.00 D Common Stock 2022-03-07 4 F false 283.00 46.11 D 82314.00 D Restricted Stock Rights 2022-03-07 4 M false 670.00 0.00 D Common Stock 670.00 5381.00 D Restricted Stock Rights 2022-03-07 4 M false 658.00 0.00 D Common Stock 658.00 4723.00 D Restricted Stock Rights 2022-03-07 4 M false 624.00 0.00 D Common Stock 624.00 4099.00 D Represents the portions of previous awards of restricted stock rights that vested effective as of March 7, 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). /s/ Angela L. Pino, POA for Patrick V. Apodaca 2022-03-09