Statement of Changes in Beneficial Ownership (4)
March 09 2021 - 6:49PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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Darnell Ronald N. |
2. Issuer Name and Ticker or Trading Symbol
PNM RESOURCES INC
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PNM
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) SVP, PUBLIC POLICY |
(Last)
(First)
(Middle)
CORPORATE HEADQUARTERS MS1275 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
3/5/2021 |
(Street)
ALBUQUERQUE, NM 87158-1275
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock (1) | 3/5/2021 | | M | | 7544.00 | A | $0.00 | 35969.00 | D | |
Common Stock (2) | 3/5/2021 | | F | | 2359.00 | D | $47.42 | 33610.00 | D | |
Common Stock (3) | 3/5/2021 | | M | | 573.00 | A | $0.00 | 34183.00 | D | |
Common Stock (2) | 3/5/2021 | | F | | 174.00 | D | $47.42 | 34009.00 | D | |
Common Stock (3) | 3/5/2021 | | M | | 508.00 | A | $0.00 | 34517.00 | D | |
Common Stock (2) | 3/5/2021 | | F | | 154.00 | D | $47.42 | 34363.00 | D | |
Common Stock (3) | 3/5/2021 | | M | | 477.00 | A | $0.00 | 34840.00 | D | |
Common Stock (2) | 3/5/2021 | | F | | 145.00 | D | $47.42 | 34695.00 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Restricted Stock Rights | (4) | 3/5/2021 | | A | | 1625.00 | | (5) | (5) | Common Stock | 1625.00 | $0.00 | 4677.00 | D | |
Restricted Stock Rights | (4) | 3/5/2021 | | M | | | 573.00 | (5) | (5) | Common Stock | 573.00 | $0.00 | 4104.00 | D | |
Restricted Stock Rights | (4) | 3/5/2021 | | M | | | 508.00 | (5) | (5) | Common Stock | 508.00 | $0.00 | 3596.00 | D | |
Restricted Stock Rights | (4) | 3/5/2021 | | M | | | 477.00 | (5) | (5) | Common Stock | 477.00 | $0.00 | 3119.00 | D | |
Explanation of Responses: |
(1) | The performance shares were earned as of December 31, 2020 for the 2018-2020 performance period, and settled on March 5, 2020. |
(2) | 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. |
(3) | Represents the portions of previous awards of restricted stock rights that vested effective as of March 5, 2021. |
(4) | Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock. |
(5) | 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). |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Darnell Ronald N. CORPORATE HEADQUARTERS MS1275 ALBUQUERQUE, NM 87158-1275 |
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| SVP, PUBLIC POLICY |
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Signatures
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/s/ Angela L. Pino, POA for Ronald N. Darnell | | 3/9/2021 |
**Signature of Reporting Person | Date |
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