Form 4: PNM Resources SVP, CFO & Treasurer Elisabeth Eden Reports Stock Transactions

Elisabeth Eden, SVP, CFO & Treasurer of PNM Resources, reports the vesting of restricted stock rights and subsequent tax withholding, resulting in changes to her beneficial ownership of company stock.

Summary

• On March 7, 2024, Elisabeth Eden, SVP, CFO & Treasurer of PNM Resources, engaged in transactions involving the company's common stock.
• These transactions included the vesting of restricted stock rights, which were then used to acquire common stock.
• A portion of the acquired shares was withheld by PNM Resources to satisfy tax obligations related to the vesting of the equity awards.
• Specifically, 650, 358, and 326 restricted stock rights vested, leading to the acquisition of corresponding shares of common stock.
• Shares were also withheld to cover tax obligations at a price of $37.74 per share.
• Following these transactions, Eden's direct ownership of common stock is 19,387 shares and 4,438 restricted stock rights.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation adjustments.

Key Dates