COLLAWN PATRICIA K

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: 0001562180-24-001454 · 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: 0001562180-23-007686 · 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: 0000003570-23-000067 · wk-form4_1684188736.xml · nonDerivative · entry 1

COLLAWN PATRICIA K · CIK 0001083786 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 7,181

F1 · price: These shares were issued as a deferred stock unit grant and therefore no consideration was given by the Reporting Person. Each deferred stock unit represents the right to receive one share of the Company's common stock.

SEC source: 0001127602-23-012188 · form4.xml · derivative · entry 1

COLLAWN PATRICIA K · CIK 0001083786 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 93,725

Underlying: Common Stock · 5,190 shares

Expires not disclosed

F1 · derivative.exercise_price: Each deferred stock unit is the economic equivalent of one share of common stock.

F2 · derivative.exercise_date: Deferred stock units represent compensation that is deferred until termination of service as a director.

F2 · derivative.expiration_date: Deferred stock units represent compensation that is deferred until termination of service as a director.

F3 · derivative.underlying_shares: Represents deferred stock units that will be settled in common stock in connection with the Reporting Person's deferral of director fees.

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: 0001562180-23-002088 · primarydocument.xml · derivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 49,902

Underlying: Common Stock · 18,057 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: 0001562180-23-002088 · primarydocument.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 665,181

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: 0001562180-23-002088 · primarydocument.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 688,928

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, 2022 for the 2020-2022 performance period, and settled on February 28, 2023.

SEC source: 0001562180-23-001606 · primarydocument.xml · derivative · entry 1

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

10b5-1 filing: Not disclosed

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

Disclosed balance after: 88,006

Underlying: Common Stock · 629 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 17, 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: 0001127602-23-000522 · form4.xml · derivative · entry 1

COLLAWN PATRICIA K · CIK 0001083786 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 86,610

Underlying: Common Stock · 4,478 shares

Expires not disclosed

F1 · derivative.exercise_price: Each deferred stock unit is the economic equivalent of one share of common stock.

F2 · derivative.exercise_date: Deferred stock units represent compensation that is deferred until termination of service as a director.

F2 · derivative.expiration_date: Deferred stock units represent compensation that is deferred until termination of service as a director.

F3 · derivative.underlying_shares: Represents deferred stock units that will be settled in connection with the Reporting Person's deferral of director fees.

SEC source: 0001562180-22-007651 · primarydocument.xml · derivative · entry 1

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

10b5-1 filing: Not disclosed

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

Disclosed balance after: 87,377

Underlying: Common Stock · 647 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 November 10, 2022.

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: 0001127602-22-023508 · form4.xml · derivative · entry 1

COLLAWN PATRICIA K · CIK 0001083786 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 80,659

Underlying: Common Stock · 4,011 shares

Expires not disclosed

F1 · derivative.exercise_price: Each deferred stock unit is the economic equivalent of one share of common stock.

F2 · derivative.exercise_date: Deferred stock units represent compensation that is deferred until termination of service as a director.

F2 · derivative.expiration_date: Deferred stock units represent compensation that is deferred until termination of service as a director.

F3 · derivative.underlying_shares: Represents deferred stock units that will be settled in connection with the Reporting Person's deferral of director fees.

SEC source: 0001562180-22-006399 · primarydocument.xml · derivative · entry 1

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

10b5-1 filing: Not disclosed

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

Disclosed balance after: 86,730

Underlying: Common Stock · 625 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 31, 2022.

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: 0001127602-22-018984 · form4.xml · derivative · entry 1

COLLAWN PATRICIA K · CIK 0001083786 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 75,468

Underlying: Common Stock · 4,501 shares

Expires not disclosed

F1 · derivative.exercise_price: Each deferred stock unit is the economic equivalent of one share of common stock.

F2 · derivative.exercise_date: Deferred stock units represent compensation that is deferred until termination of service as a director.

F2 · derivative.expiration_date: Deferred stock units represent compensation that is deferred until termination of service as a director.

F3 · derivative.underlying_shares: Represents deferred stock units that will be settled in connection with the Reporting Person's deferral of director fees.

F4 · balance_after: The Reporting Person's beneficial ownership amount has been adjusted to correct for prior broker administrative errors. Transaction amounts previously reported by the Reporting Person were correct.

SEC source: 0001562180-22-004042 · primarydocument.xml · derivative · entry 1

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

10b5-1 filing: Not disclosed

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

Disclosed balance after: 86,105

Underlying: Common Stock · 616 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 13, 2022.

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: 0000003570-22-000064 · wf-form4_165273634797032.xml · nonDerivative · entry 1

COLLAWN PATRICIA K · CIK 0001083786 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,173

F1 · price: These shares were issued as a deferred stock unit grant and therefore no consideration was given by the Reporting Person. Each deferred stock unit represents the right to receive one share of the Company's common stock.

SEC source: 0001127602-22-011208 · form4.xml · derivative · entry 1

COLLAWN PATRICIA K · CIK 0001083786 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 69,444

Underlying: Common Stock · 2,962 shares

Expires not disclosed

F1 · derivative.exercise_price: Each deferred stock unit is the economic equivalent of one share of common stock.

F2 · derivative.exercise_date: Award represents compensation that is deferred until termination of service as a director.

F2 · derivative.expiration_date: Award represents compensation that is deferred until termination of service as a director.

F3 · derivative.underlying_shares: Represents deferred stock units that will be settled in connection with the Reporting Person's deferral of director fees.

SEC source: 0001562180-22-002455 · primarydocument.xml · derivative · entry 9

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 31,845

Underlying: Common Stock · 4,218 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: 0001562180-22-002455 · primarydocument.xml · derivative · entry 8

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,063

Underlying: Common Stock · 4,349 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: 0001562180-22-002455 · primarydocument.xml · derivative · entry 7

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 40,412

Underlying: Common Stock · 4,863 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: 0001562180-22-002455 · primarydocument.xml · nonDerivative · entry 6

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 636,443

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: 0001562180-22-002455 · primarydocument.xml · nonDerivative · entry 5

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 638,352

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, 2022.

SEC source: 0001562180-22-002455 · primarydocument.xml · nonDerivative · entry 4

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 634,134

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: 0001562180-22-002455 · primarydocument.xml · nonDerivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 636,102

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, 2022.

SEC source: 0001562180-22-002455 · primarydocument.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 631,753

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: 0001562180-22-002455 · primarydocument.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 633,954

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, 2022.

SEC source: 0001562180-22-002333 · primarydocument.xml · derivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 45,275

Underlying: Common Stock · 17,901 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: 0001562180-22-002333 · primarydocument.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 629,091

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: 0001562180-22-002333 · primarydocument.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 650,971

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, 2021 for the 2019-2021 performance period, and settled on March 1, 2022.

SEC source: 0001562180-22-002333 · primarydocument.xml · derivative · entry 4

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

10b5-1 filing: Not disclosed

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

Disclosed balance after: 85,489

Underlying: Common Stock · 670 shares

Expires not disclosed

F5 · derivative.exercise_price: The security converts to common stock on a one-for-one basis.

F6 · 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 24, 2022.

F7 · 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.

F7 · 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: 0001127602-22-000617 · form4.xml · derivative · entry 2

COLLAWN PATRICIA K · CIK 0001083786 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 65,172

Underlying: Common Stock · 2,418 shares

Expires not disclosed

F1 · derivative.exercise_price: Each deferred stock unit is the economic equivalent of one share of common stock.

F3 · shares: Represents deferred stock units that will be settled in connection with the Reporting Person's deferral of director fees.

F2 · derivative.exercise_date: Award represents compensation that is deferred until termination of service as a director.

F2 · derivative.expiration_date: Award represents compensation that is deferred until termination of service as a director.

F3 · derivative.underlying_shares: Represents deferred stock units that will be settled in connection with the Reporting Person's deferral of director fees.

SEC source: 0001127602-22-000617 · form4.xml · derivative · entry 1

COLLAWN PATRICIA K · CIK 0001083786 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 62,754

Underlying: Common Stock · 14,510 shares

Expires not disclosed

F1 · derivative.exercise_price: Each deferred stock unit is the economic equivalent of one share of common stock.

F2 · derivative.exercise_date: Award represents compensation that is deferred until termination of service as a director.

F2 · derivative.expiration_date: Award represents compensation that is deferred until termination of service as a director.

SEC source: 0001562180-21-007072 · primarydocument.xml · derivative · entry 1

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

10b5-1 filing: Not disclosed

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

Disclosed balance after: 84,819

Underlying: Common Stock · 555 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 November 12, 2021.

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: 0001127602-21-026684 · form4.xml · derivative · entry 1

COLLAWN PATRICIA K · CIK 0001083786 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 47,556

Underlying: Common Stock · 2,465 shares

Expires not disclosed

F1 · derivative.exercise_price: Each deferred stock unit is the economic equivalent of one share of common stock.

F2 · derivative.exercise_date: Deferred stock units represent compensation that is deferred until termination of service as a director.

F2 · derivative.expiration_date: Deferred stock units represent compensation that is deferred until termination of service as a director.

F3 · derivative.underlying_shares: Represents deferred stock units that will be settled in connection with the Reporting Person's deferral of director fees.

SEC source: 0001562180-21-005338 · primarydocument.xml · derivative · entry 1

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

10b5-1 filing: Not disclosed

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

Disclosed balance after: 84,264

Underlying: Common Stock · 564 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 13, 2021.

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.