TXNM

SEC source: 0001562180-24-002458 · primarydocument.xml · nonDerivative · entry 2

TARRY JOSEPH DON · CIK 0001637037 · President and COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 30,746

F2 · security: 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.

SEC source: 0001562180-24-002458 · primarydocument.xml · nonDerivative · entry 1

TARRY JOSEPH DON · CIK 0001637037 · President and COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 31,516

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: Represents the portions of previous awards of restricted stock rights that vested effective as of March 7, 2024.

SEC source: 0001562180-24-002457 · primarydocument.xml · derivative · entry 9

Apodaca Patrick V · CIK 0001478313 · SVP, GEN COUNSEL & SECY

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,867

Underlying: Common Stock · 682 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_price: Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock.

F4 · derivative.exercise_date: 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).

F4 · derivative.expiration_date: 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).

SEC source: 0001562180-24-002457 · primarydocument.xml · derivative · entry 8

Apodaca Patrick V · CIK 0001478313 · SVP, GEN COUNSEL & SECY

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 14,549

Underlying: Common Stock · 658 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_price: Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock.

F4 · derivative.exercise_date: 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).

F4 · derivative.expiration_date: 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).

SEC source: 0001562180-24-002457 · primarydocument.xml · derivative · entry 7

Apodaca Patrick V · CIK 0001478313 · SVP, GEN COUNSEL & SECY

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 15,207

Underlying: Common Stock · 720 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_price: Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock.

F4 · derivative.exercise_date: 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).

F4 · derivative.expiration_date: 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).

SEC source: 0001562180-24-002457 · primarydocument.xml · nonDerivative · entry 6

Apodaca Patrick V · CIK 0001478313 · SVP, GEN COUNSEL & SECY

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 90,570

F2 · security: 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.

SEC source: 0001562180-24-002457 · primarydocument.xml · nonDerivative · entry 5

Apodaca Patrick V · CIK 0001478313 · SVP, GEN COUNSEL & SECY

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 90,879

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: Represents the portions of previous awards of restricted stock rights that vested effective as of March 7, 2024.

SEC source: 0001562180-24-002457 · primarydocument.xml · nonDerivative · entry 4

Apodaca Patrick V · CIK 0001478313 · SVP, GEN COUNSEL & SECY

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 90,197

F2 · security: 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.

SEC source: 0001562180-24-002457 · primarydocument.xml · nonDerivative · entry 3

Apodaca Patrick V · CIK 0001478313 · SVP, GEN COUNSEL & SECY

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 90,495

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: Represents the portions of previous awards of restricted stock rights that vested effective as of March 7, 2024.

SEC source: 0001562180-24-002457 · primarydocument.xml · nonDerivative · entry 2

Apodaca Patrick V · CIK 0001478313 · SVP, GEN COUNSEL & SECY

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 89,837

F2 · security: 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.

SEC source: 0001562180-24-002457 · primarydocument.xml · nonDerivative · entry 1

Apodaca Patrick V · CIK 0001478313 · SVP, GEN COUNSEL & SECY

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 90,163

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: Represents the portions of previous awards of restricted stock rights that vested effective as of March 7, 2024.

SEC source: 0001562180-24-002192 · primarydocument.xml · derivative · entry 3

COLLAWN PATRICIA K · CIK 0001083786 · Director · CHAIRMAN AND CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 87,347

Underlying: Common Stock · 25,727 shares

Expires not disclosed

F3 · derivative.exercise_price: Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock.

F4 · derivative.exercise_date: 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).

F4 · derivative.expiration_date: 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).

SEC source: 0001562180-24-002192 · primarydocument.xml · nonDerivative · entry 2

COLLAWN PATRICIA K · CIK 0001083786 · Director · CHAIRMAN AND CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 697,854

F2 · security: 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.

SEC source: 0001562180-24-002192 · primarydocument.xml · nonDerivative · entry 1

COLLAWN PATRICIA K · CIK 0001083786 · Director · CHAIRMAN AND CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 718,042

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: The performance shares were earned as of December 31, 2023 for the 2021-2023 performance period, and settled on March 1, 2024.

SEC source: 0001562180-24-002196 · primarydocument.xml · derivative · entry 1

Bischoff Gerald R · CIK 0002004351 · VP and Corporate Controller

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,873

Underlying: Common Stock · 969 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock.

F2 · derivative.exercise_date: 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).

F2 · derivative.expiration_date: 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).

SEC source: 0001562180-24-002195 · primarydocument.xml · derivative · entry 3

Eden Elisabeth A · CIK 0001931720 · SVP, CFO & Treasurer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,772

Underlying: Common Stock · 2,780 shares

Expires not disclosed

F3 · derivative.exercise_price: Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock.

F4 · derivative.exercise_date: 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).

F4 · derivative.expiration_date: 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).

SEC source: 0001562180-24-002195 · primarydocument.xml · nonDerivative · entry 2

Eden Elisabeth A · CIK 0001931720 · SVP, CFO & Treasurer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 18,658

F2 · security: 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.

SEC source: 0001562180-24-002195 · primarydocument.xml · nonDerivative · entry 1

Eden Elisabeth A · CIK 0001931720 · SVP, CFO & Treasurer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 20,303

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: The performance shares were earned as of December 31, 2023 for the 2021-2023 performance period, and settled on March 1, 2024.

SEC source: 0001562180-24-002194 · primarydocument.xml · derivative · entry 3

TARRY JOSEPH DON · CIK 0001637037 · President and COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 14,642

Underlying: Common Stock · 7,268 shares

Expires not disclosed

F3 · derivative.exercise_price: Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock.

F4 · derivative.exercise_date: 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).

F4 · derivative.expiration_date: 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).

SEC source: 0001562180-24-002194 · primarydocument.xml · nonDerivative · entry 2

TARRY JOSEPH DON · CIK 0001637037 · President and COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 29,816

F2 · security: 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.

SEC source: 0001562180-24-002194 · primarydocument.xml · nonDerivative · entry 1

TARRY JOSEPH DON · CIK 0001637037 · President and COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 33,546

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: The performance shares were earned as of December 31, 2023 for the 2021-2023 performance period, and settled on March 1, 2024.

SEC source: 0001562180-24-002193 · primarydocument.xml · derivative · entry 3

Apodaca Patrick V · CIK 0001478313 · SVP, GEN COUNSEL & SECY

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 15,927

Underlying: Common Stock · 2,861 shares

Expires not disclosed

F3 · derivative.exercise_price: Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock.

F4 · derivative.exercise_date: 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).

F4 · derivative.expiration_date: 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).

SEC source: 0001562180-24-002193 · primarydocument.xml · nonDerivative · entry 2

Apodaca Patrick V · CIK 0001478313 · SVP, GEN COUNSEL & SECY

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 89,443

F2 · security: 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.

SEC source: 0001562180-24-002193 · primarydocument.xml · nonDerivative · entry 1

Apodaca Patrick V · CIK 0001478313 · SVP, GEN COUNSEL & SECY

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 91,907

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: The performance shares were earned as of December 31, 2023 for the 2021-2023 performance period, and settled on March 1, 2024.

SEC source: 0001562180-24-001454 · primarydocument.xml · derivative · entry 1

COLLAWN PATRICIA K · CIK 0001083786 · Director · CHAIRMAN AND CEO

10b5-1 filing: No plan indicated

Ownership: Indirect · PNM Common Stock Fund - PNM Resources Executive Savings Plan II

Disclosed balance after: 91,230

Underlying: Common Stock · 974 shares

Expires not disclosed

F1 · derivative.exercise_price: The security converts to common stock on a one-for-one basis.

F2 · shares: Reflects the amount of phantom shares acquired under the PNM Resources, Inc. Executive Savings Plan II through notational dividend reinvestment on the cash dividend payment date of February 16, 2024.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

SEC source: 0001562180-23-008211 · primarydocument.xml · derivative · entry 1

COLLAWN PATRICIA K · CIK 0001083786 · Director · CHAIRMAN AND CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 61,620

Underlying: Common Stock · 26,766 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock right represents a contingent right to receive one share of common stock of PNM Resources, Inc. (the "Company").

F2 · derivative.exercise_date: The restricted stock units vest on the earliest of (i) 24 months from the grant date, (ii) the closing of the previously disclosed potential transaction among the Company, Avangrid, Inc. and NM Green Holdings, Inc., pursuant to which NM Green Holdings, Inc. will merge with and into the Company with the Company surviving as a wholly-owned subsidiary of Avangrid, Inc. (the "Transaction"), or (iii) six months following the date on which either the Company or Avangrid, Inc. decides to abandon the Transaction; provided that the reporting person remains employed through the vesting date.

F2 · derivative.expiration_date: The restricted stock units vest on the earliest of (i) 24 months from the grant date, (ii) the closing of the previously disclosed potential transaction among the Company, Avangrid, Inc. and NM Green Holdings, Inc., pursuant to which NM Green Holdings, Inc. will merge with and into the Company with the Company surviving as a wholly-owned subsidiary of Avangrid, Inc. (the "Transaction"), or (iii) six months following the date on which either the Company or Avangrid, Inc. decides to abandon the Transaction; provided that the reporting person remains employed through the vesting date.

SEC source: 0001562180-23-008210 · primarydocument.xml · derivative · entry 1

Apodaca Patrick V · CIK 0001478313 · SVP, GEN COUNSEL & SECY

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,066

Underlying: Common Stock · 8,922 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock right represents a contingent right to receive one share of common stock of PNM Resources, Inc. (the "Company").

F2 · derivative.exercise_date: The restricted stock units vest on the earliest of (i) 24 months from the grant date, (ii) the closing of the previously disclosed potential transaction among the Company, Avangrid, Inc. and NM Green Holdings, Inc., pursuant to which NM Green Holdings, Inc. will merge with and into the Company with the Company surviving as a wholly-owned subsidiary of Avangrid, Inc. (the "Transaction"), or (iii) six months following the date on which either the Company or Avangrid, Inc. decides to abandon the Transaction; provided that the reporting person remains employed through the vesting date.

F2 · derivative.expiration_date: The restricted stock units vest on the earliest of (i) 24 months from the grant date, (ii) the closing of the previously disclosed potential transaction among the Company, Avangrid, Inc. and NM Green Holdings, Inc., pursuant to which NM Green Holdings, Inc. will merge with and into the Company with the Company surviving as a wholly-owned subsidiary of Avangrid, Inc. (the "Transaction"), or (iii) six months following the date on which either the Company or Avangrid, Inc. decides to abandon the Transaction; provided that the reporting person remains employed through the vesting date.

SEC source: 0001562180-23-007686 · primarydocument.xml · derivative · entry 1

COLLAWN PATRICIA K · CIK 0001083786 · Director · CHAIRMAN AND CEO

10b5-1 filing: No plan indicated

Ownership: Indirect · PNM Common Stock Fund - PNM Resources Executive Savings Plan II

Disclosed balance after: 89,448

Underlying: Common Stock · Not disclosed shares

Expires not disclosed

F1 · derivative.exercise_price: The security converts to common stock on a one-for-one basis.

F2 · shares: Due to a delay in the receipt of information from the third party administrator, applicable balance information is unavailable. As a result, the number of phantom stock shares acquired by the reporting person cannot be determined at the time of this filing. The reporting person will file an amended Form 4 when the applicable balance information becomes available and will reflect the amount of phantom shares acquired under the PNM Resources, Inc. Executive Savings Plan II through notational dividend reinvestment on the cash dividend payment date of November 10, 2023.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

F2 · derivative.underlying_shares: Due to a delay in the receipt of information from the third party administrator, applicable balance information is unavailable. As a result, the number of phantom stock shares acquired by the reporting person cannot be determined at the time of this filing. The reporting person will file an amended Form 4 when the applicable balance information becomes available and will reflect the amount of phantom shares acquired under the PNM Resources, Inc. Executive Savings Plan II through notational dividend reinvestment on the cash dividend payment date of November 10, 2023.

F2 · balance_after: Due to a delay in the receipt of information from the third party administrator, applicable balance information is unavailable. As a result, the number of phantom stock shares acquired by the reporting person cannot be determined at the time of this filing. The reporting person will file an amended Form 4 when the applicable balance information becomes available and will reflect the amount of phantom shares acquired under the PNM Resources, Inc. Executive Savings Plan II through notational dividend reinvestment on the cash dividend payment date of November 10, 2023.

F4 · balance_after: Reflects the amount of phantom shares based on previous form filed August 29, 2023.

SEC source: 0001562180-23-008014 · primarydocument.xml · derivative · entry 1

COLLAWN PATRICIA K · CIK 0001083786 · Director · CHAIRMAN AND CEO

10b5-1 filing: No plan indicated

Ownership: Indirect · PNM Common Stock Fund - PNM Resources Executive Savings Plan II

Disclosed balance after: 90,256

Underlying: Common Stock · 808 shares

Expires not disclosed

F1 · derivative.exercise_price: The security converts to common stock on a one-for-one basis.

F2 · shares: Reflects the amount of phantom stock shares acquired under the PNM Resources, Inc. Executive Savings Plan II through notional dividend reinvestment on the cash dividend payment date of November 10, 2023. As previously disclosed in footnote (2) to the reporting person's Form 4 filed on November 14, 2023, the reporting person was unable to provide the number of phantom stock shares acquired due to a delay in the receipt of information required to calculate such number from the third party administrator. Such information was received by the Issuer on November 29, 2023.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

SEC source: 0001562180-23-006595 · primarydocument.xml · derivative · entry 1

COLLAWN PATRICIA K · CIK 0001083786 · Director · CHAIRMAN AND CEO

10b5-1 filing: No plan indicated

Ownership: Indirect · PNM Common Stock Fund - PNM Resources Executive Savings Plan II

Disclosed balance after: 89,448

Underlying: Common Stock · 752 shares

Expires not disclosed

F1 · derivative.exercise_price: The security converts to common stock on a one-for-one basis.

F2 · shares: Reflects the amount of phantom shares acquired under the PNM Resources, Inc. Executive Savings Plan II through notational dividend reinvestment on the cash dividend payment date of August 25, 2023.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

SEC source: 0001562180-23-004153 · primarydocument.xml · derivative · entry 1

COLLAWN PATRICIA K · CIK 0001083786 · Director · CHAIRMAN AND CEO

10b5-1 filing: No plan indicated

Ownership: Indirect · PNM Common Stock Fund - PNM Resources Executive Savings Plan II

Disclosed balance after: 88,696

Underlying: Common Stock · 690 shares

Expires not disclosed

F1 · derivative.exercise_price: The security converts to common stock on a one-for-one basis.

F2 · shares: Reflects the amount of phantom shares acquired under the PNM Resources, Inc. Executive Savings Plan II through notational dividend reinvestment on the cash dividend payment date of May 12, 2023.

F3 · derivative.exercise_date: 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.

F3 · derivative.expiration_date: 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.

SEC source: 0001562180-23-004048 · primarydocument.xml · nonDerivative · entry 1

SCHWANZ DONALD K · CIK 0001046239 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 11,007

F1 · shares: These shares represent restricted stock units granted on May 9, 2023 that will vest on May 9, 2024 and be settled in common stock upon or after vesting (and delivered in accordance with any elections made under the Director Deferred Rights Program), provided that if vesting or any applicable deferred delivery dates occur during a blackout period, the vested shares will be delivered at a later date after such blackout period ends.

SEC source: 0001562180-23-004049 · primarydocument.xml · nonDerivative · entry 1

CONLEY E RENAE · CIK 0001125828 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 30,979

F1 · shares: These shares represent restricted stock units granted on May 9, 2023 that will vest on May 9, 2024 and be settled in common stock upon or after vesting (and delivered in accordance with any elections made under the Director Deferred Rights Program), provided that if vesting or any applicable deferred delivery dates occur during a blackout period, the vested shares will be delivered at a later date after such blackout period ends.

SEC source: 0001562180-23-004047 · primarydocument.xml · nonDerivative · entry 1

Gutierrez Sidney M. · CIK 0001638692 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 23,143

F1 · shares: These shares represent restricted stock units granted on May 9, 2023 that will vest on May 9, 2024 and be settled in common stock upon or after vesting (and delivered in accordance with any elections made under the Director Deferred Rights Program), provided that if vesting or any applicable deferred delivery dates occur during a blackout period, the vested shares will be delivered at a later date after such blackout period ends.

SEC source: 0001562180-23-004046 · primarydocument.xml · nonDerivative · entry 1

BECKER NORMAN P. · CIK 0001674431 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 24,110

F1 · shares: These shares represent restricted stock units granted on May 9, 2023 that will vest on May 9, 2024 and be settled in common stock upon or after vesting (and delivered in accordance with any elections made under the Director Deferred Rights Program), provided that if vesting or any applicable deferred delivery dates occur during a blackout period, the vested shares will be delivered at a later date after such blackout period ends.

SEC source: 0001562180-23-004045 · primarydocument.xml · nonDerivative · entry 1

FOHRER ALAN J · CIK 0001188146 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 34,407

F1 · shares: These shares represent restricted stock units granted on May 9, 2023 that will vest on May 9, 2024 and be settled in common stock upon or after vesting (and delivered in accordance with any elections made under the Director Deferred Rights Program), provided that if vesting or any applicable deferred delivery dates occur during a blackout period, the vested shares will be delivered at a later date after such blackout period ends.

SEC source: 0001562180-23-004042 · primarydocument.xml · nonDerivative · entry 1

MULLARKEY MAUREEN T · CIK 0001179991 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 25,495

F1 · shares: These shares represent restricted stock units granted on May 9, 2023 that will vest on May 9, 2024 and be settled in common stock upon or after vesting (and delivered in accordance with any elections made under the Director Deferred Rights Program), provided that if vesting or any applicable deferred delivery dates occur during a blackout period, the vested shares will be delivered at a later date after such blackout period ends.

SEC source: 0001562180-23-004040 · primarydocument.xml · nonDerivative · entry 1

HUGHES JAMES ALTON · CIK 0001258525 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,225

F1 · shares: These shares represent restricted stock units granted on May 9, 2023 that will vest on May 9, 2024 and be settled in common stock upon or after vesting (and delivered in accordance with any elections made under the Director Deferred Rights Program), provided that if vesting or any applicable deferred delivery dates occur during a blackout period, the vested shares will be delivered at a later date after such blackout period ends.

SEC source: 0001562180-23-004037 · primarydocument.xml · nonDerivative · entry 1

BAILEY VICKY A · CIK 0001295122 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,225

F1 · shares: These shares represent restricted stock units granted on May 9, 2023 that will vest on May 9, 2024 and be settled in common stock upon or after vesting (and delivered in accordance with any elections made under the Director Deferred Rights Program), provided that if vesting or any applicable deferred delivery dates occur during a blackout period, the vested shares will be delivered at a later date after such blackout period ends.

SEC source: 0001562180-23-002626 · primarydocument.xml · derivative · entry 9

COLLAWN PATRICIA K · CIK 0001083786 · Director · CHAIRMAN AND CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,854

Underlying: Common Stock · 5,967 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_price: Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock.

F4 · derivative.exercise_date: 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).

F4 · derivative.expiration_date: 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).

SEC source: 0001562180-23-002626 · primarydocument.xml · derivative · entry 8

COLLAWN PATRICIA K · CIK 0001083786 · Director · CHAIRMAN AND CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 40,821

Underlying: Common Stock · 4,864 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_price: Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock.

F4 · derivative.exercise_date: 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).

F4 · derivative.expiration_date: 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).

SEC source: 0001562180-23-002626 · primarydocument.xml · derivative · entry 7

COLLAWN PATRICIA K · CIK 0001083786 · Director · CHAIRMAN AND CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 45,685

Underlying: Common Stock · 4,217 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_price: Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock.

F4 · derivative.exercise_date: 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).

F4 · derivative.expiration_date: 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).

SEC source: 0001562180-23-002626 · primarydocument.xml · nonDerivative · entry 6

COLLAWN PATRICIA K · CIK 0001083786 · Director · CHAIRMAN AND CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 673,418

F2 · security: 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.

SEC source: 0001562180-23-002626 · primarydocument.xml · nonDerivative · entry 5

COLLAWN PATRICIA K · CIK 0001083786 · Director · CHAIRMAN AND CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 676,119

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: Represents the portions of previous awards of restricted stock rights that vested effective as of March 7, 2023.

SEC source: 0001562180-23-002626 · primarydocument.xml · nonDerivative · entry 4

COLLAWN PATRICIA K · CIK 0001083786 · Director · CHAIRMAN AND CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 670,152

F2 · security: 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.

SEC source: 0001562180-23-002626 · primarydocument.xml · nonDerivative · entry 3

COLLAWN PATRICIA K · CIK 0001083786 · Director · CHAIRMAN AND CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 672,353

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: Represents the portions of previous awards of restricted stock rights that vested effective as of March 7, 2023.

SEC source: 0001562180-23-002626 · primarydocument.xml · nonDerivative · entry 2

COLLAWN PATRICIA K · CIK 0001083786 · Director · CHAIRMAN AND CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 667,489

F2 · security: 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.

SEC source: 0001562180-23-002626 · primarydocument.xml · nonDerivative · entry 1

COLLAWN PATRICIA K · CIK 0001083786 · Director · CHAIRMAN AND CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 669,398

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: Represents the portions of previous awards of restricted stock rights that vested effective as of March 7, 2023.

SEC source: 0001562180-23-002627 · primarydocument.xml · derivative · entry 9

Apodaca Patrick V · CIK 0001478313 · SVP, GEN COUNSEL & SECY

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,144

Underlying: Common Stock · 623 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_price: Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock.

F4 · derivative.exercise_date: 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).

F4 · derivative.expiration_date: 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).

SEC source: 0001562180-23-002627 · primarydocument.xml · derivative · entry 8

Apodaca Patrick V · CIK 0001478313 · SVP, GEN COUNSEL & SECY

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,767

Underlying: Common Stock · 658 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_price: Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock.

F4 · derivative.exercise_date: 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).

F4 · derivative.expiration_date: 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).