Filing Details
- Accession Number:
- 0001562180-19-001832
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2019-03-08 17:54:40
- Reporting Period:
- 2019-03-06
- Accepted Time:
- 2019-03-08 17:54:40
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1108426 | Pnm Resources Inc | PNM | Electric Services (4911) | 850019030 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1350048 | N Charles Eldred | Corporate Headquarters Ms1275 Albuquerque NM 87158-1275 | Evp, Cfo | No | No | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Disposition | 2019-03-06 | 5,061 | $44.23 | 108,289 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2019-03-07 | 1,498 | $0.00 | 109,787 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2019-03-07 | 484 | $44.94 | 109,303 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2019-03-07 | 1,390 | $0.00 | 110,693 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2019-03-07 | 449 | $44.94 | 110,244 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2019-03-07 | 1,450 | $0.00 | 111,694 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2019-03-07 | 468 | $44.94 | 111,226 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2019-03-07 | 6,000 | $44.69 | 105,226 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2019-03-08 | 2,939 | $45.23 | 102,287 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Rights | Disposition | 2019-03-07 | 1,498 | $0.00 | 1,498 | $0.00 |
| Common Stock | Restricted Stock Rights | Disposition | 2019-03-07 | 1,390 | $0.00 | 1,390 | $0.00 |
| Common Stock | Restricted Stock Rights | Disposition | 2019-03-07 | 1,450 | $0.00 | 1,450 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 10,783 | No | 4 | M | Direct | ||
| 9,393 | No | 4 | M | Direct | ||
| 7,943 | No | 4 | M | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Phantom Stock | $0.00 | 7,206 | 7,206 | Indirect |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 7,206 | 7,206 | Indirect |
Footnotes
- Price represents a weighted average fill price ranging from $44.18 to $44.26.
- Includes shares sold to provide a source of funds for payment of certain additional tax obligations of the reporting person.
- Represents the portions of previous awards of restricted stock rights that vested effective as of March 7, 2019.
- 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.
- Price represents a weighted average fill price ranging from $44.66 to $44.70.
- Price represents a weighted average fill price ranging from $45.166 to $45.27.
- 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.
- 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.
- Total represents phantom stock shares of PNM Resources, Inc. Common Stock acquired under the PNM Resources, Inc. Executive Savings Plan II as of February 28, 2019.
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