# EDGAR Filing Document

**Accession Number:** 0001801847
**File Stem:** 0001562180-23-002623
**Filing Date:** 2023-3
**Character Count:** 10187
**Document Hash:** f702790f126ad04d0a749061344c907e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001562180-23-002623.hdr.sgml**: 20230308

**ACCESSION NUMBER**: 0001562180-23-002623

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230307

**FILED AS OF DATE**: 20230308

**DATE AS OF CHANGE**: 20230308

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Monroy Henry E
- **CENTRAL INDEX KEY:** 0001801847

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-32462
- **FILM NUMBER:** 23717559

**MAIL ADDRESS:**
- **STREET 1:** 414 SILVER AVENUE SW
- **STREET 2:** MS1015
- **CITY:** ALBUQUERQUE
- **STATE:** NM
- **ZIP:** 87102-3289
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PNM RESOURCES INC
- **CENTRAL INDEX KEY:** 0001108426
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC SERVICES [4911]
- **IRS NUMBER:** 850019030
- **STATE OF INCORPORATION:** NM
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 414 SILVER AVE. SW
- **CITY:** ALBUQUERQUE
- **STATE:** NM
- **ZIP:** 87102-3289
- **BUSINESS PHONE:** 5052412700

**MAIL ADDRESS:**
- **STREET 1:** 414 SILVER AVE. SW
- **STREET 2:** ATTN: MS 0905 - CATHY MARTINEZ
- **CITY:** ALBUQUERQUE
- **STATE:** NM
- **ZIP:** 87102-3289

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MANZANO CORP
- **DATE OF NAME CHANGE:** 20000303

## Ex-24

```

Power of Attorney

 Know all by these presents, that the undersigned
hereby constitutes and appoints each of
Elisabeth A. Eden, Angela Pino, Donna Briggs, or
any of them signing singly, to serve as my true
and lawful attorney-in-fact to:

 (1)	execute for me in my capacity as a
Director and/or an Officer of PNM Resources, Inc.
(?Company?), Forms 3, 4, and 5 in accordance with
Section 16(a) of the Securities Exchange Act of
1934 (?1934 Act?) and the associated rules;

 (2)	do and perform for me all acts which may
be necessary or desirable to complete and execute
Forms 3, 4, and 5, complete and execute any
amendments, and timely file the forms with the
Untied States Securities and Exchange Commission
and the New York Stock Exchange, or similar
authority; or

 (3)	take any other action of any type
whatsoever in connection with the foregoing
which, in the opinion of such attorney-in-fact,
may be of benefit to, in the best interest of, or
legally required by, the undersigned, it being
understood that the documents executed by such
attorney-in-fact on behalf of the undersigned
pursuant to this Power of Attorney shall be in
such form and shall contain such terms and
conditions as such attorney-in-fact may approve
in such attorney-in-fact's discretion.

 The undersigned hereby grants to each such
attorney-in-fact full power and authority to do
and perform any and every act and thing
whatsoever requisite, necessary, or proper to be
done in the exercise of any of the rights and
powers herein granted, as fully to all intents
and purposes as the undersigned might or could do
if personally present, with full power of
substitution or revocation, hereby ratifying and
confirming all that such attorney-in-fact, or his
or her substitute or substitutes, shall lawfully
do or cause to be done by virtue of this Power of
Attorney and the rights and powers herein
granted.

 I acknowledge that the attorneys-in-fact are
serving at my request and neither they nor the
Company are assuming any of my responsibilities
to comply with Section 16 of the 1934 Act.  This
Power of Attorney shall remain in full force and
effect until I am no longer required to file
Forms 3, 4, and 5 with respect to my holdings of
and transactions in securities issued by the
Company, unless earlier revoked by me in a signed
writing delivered to the Company.
/s/ Henry E. Monroy
Henry E. Monroy
Dated:  January 30, 2020

```

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Monroy Henry E<br><sub>(Last) (First) (Middle)</sub><br>414 SILVER AVENUE SW MS1015<br><sub>(Street)</sub><br>ALBUQUERQUE, NM 87102<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-03-07 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_VP & Corporate Controller_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>PNM RESOURCES INC [ PNM ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock<sup>(1)</sup> | 2023-03-07 |  | M |  | 341.00 | A | $0.00 | 6190.00 | D |  |
| Common Stock<sup>(2)</sup> | 2023-03-07 |  | F |  | 155.00 | D | $48.80 | 6035.00 | D |  |
| Common Stock<sup>(1)</sup> | 2023-03-07 |  | M |  | 257.00 | A | $0.00 | 6292.00 | D |  |
| Common Stock<sup>(2)</sup> | 2023-03-07 |  | F |  | 117.00 | D | $48.80 | 6175.00 | D |  |
| Common Stock<sup>(1)</sup> | 2023-03-07 |  | M |  | 281.00 | A | $0.00 | 6456.00 | D |  |
| Common Stock<sup>(2)</sup> | 2023-03-07 |  | F |  | 128.00 | D | $48.80 | 6328.00 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Restricted Stock Rights | <sup>(3)</sup> | 2023-03-07 |  | M |  |  | 341.00 | <sup>(4)</sup> | <sup>(4)</sup> | Common Stock | 341.00 | $0.00 | 2291.00 | D |  |
| Restricted Stock Rights | <sup>(3)</sup> | 2023-03-07 |  | M |  |  | 257.00 | <sup>(4)</sup> | <sup>(4)</sup> | Common Stock | 257.00 | $0.00 | 2034.00 | D |  |
| Restricted Stock Rights | <sup>(3)</sup> | 2023-03-07 |  | M |  |  | 281.00 | <sup>(4)</sup> | <sup>(4)</sup> | Common Stock | 281.00 | $0.00 | 1753.00 | D |  |

---

### Footnotes:

(1) Represents the portions of previous awards of restricted stock rights that vested effective as of March 7, 2023.

(2) 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.

(3) Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock.

(4) 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).

**Signature:** /s/ Angela L. Pino, POA for Henry E Monroy  
**Date:** 2023-03-08

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**