Form 4: PNM Resources SVP, General Counsel & Secretary Patrick Apodaca Reports Changes in Beneficial Ownership

Patrick Apodaca, SVP, General Counsel & Secretary of PNM Resources, reports transactions involving restricted stock rights and common stock, including vesting and tax withholding.

Summary

• On March 7, 2024, Patrick Apodaca, SVP, General Counsel & Secretary of PNM Resources, executed transactions involving the company's stock.
• These transactions included the vesting of restricted stock rights and the subsequent withholding of shares to cover tax obligations.
• Specifically, 720, 658 and 682 restricted stock rights vested, converting into common stock.
• A corresponding number of shares (326, 298 and 309 respectively) were withheld to satisfy tax obligations at a price of $37.74 per share.
• Following these transactions, Apodaca directly owns 90,570 shares of PNM Resources common stock and 13,867 restricted stock rights.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Industry Context

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

Stakeholder Impact

• The transactions have a minor impact on the overall shareholding structure of the company.
• The tax withholding benefits the relevant tax authorities.

Key Dates