# EDGAR Filing Document

**Accession Number:** 0001108426
**File Stem:** 0001562180-23-002624
**Filing Date:** 2023-3
**Character Count:** 10505
**Document Hash:** f70f1330d50d2cabacafc6e8b22e6c8e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001562180-23-002624.hdr.sgml**: 20230308

**ACCESSION NUMBER**: 0001562180-23-002624

**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:** Eden Elisabeth A
- **CENTRAL INDEX KEY:** 0001931720

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-32462
- **FILM NUMBER:** 23717562

**MAIL ADDRESS:**
- **STREET 1:** 414 SILVER AVE SW
- **STREET 2:** MS1295
- **CITY:** ALBUQUERQUE
- **STATE:** NM
- **ZIP:** 87102
**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  Rebecca R. Teague, Angela L. 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.

________________________________________
Elisabeth A. Eden

Dated: ___________________________________

ACKNOWLEDGMENT
State of New Mexico	)
	) ss.
County of Bernalillo	)

	The foregoing instrument was acknowledged before me on
_______________, 20_____, by Elisabeth A. Eden.

________________________________________
Notary Public
My Commission Expires: ___________, 20_____

```

### 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>Eden Elisabeth A<br><sub>(Last) (First) (Middle)</sub><br>414 SILVER AVE. SW<br>MS1295<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>_SVP, CFO & Treasurer_ |
| **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 |  | 315.00 | A | $0.00 | 16532.00 | D |  |
| Common Stock<sup>(2)</sup> | 2023-03-07 |  | F |  | 143.00 | D | $48.80 | 16389.00 | D |  |
| Common Stock<sup>(1)</sup> | 2023-03-07 |  | M |  | 328.00 | A | $0.00 | 16717.00 | D |  |
| Common Stock<sup>(2)</sup> | 2023-03-07 |  | F |  | 149.00 | D | $48.80 | 16568.00 | D |  |
| Common Stock<sup>(1)</sup> | 2023-03-07 |  | M |  | 357.00 | A | $0.00 | 16925.00 | D |  |
| Common Stock<sup>(2)</sup> | 2023-03-07 |  | F |  | 162.00 | D | $48.80 | 16763.00 | 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 |  |  | 315.00 | <sup>(4)</sup> | <sup>(4)</sup> | Common Stock | 315.00 | $0.00 | 3677.00 | D |  |
| Restricted Stock Rights | <sup>(3)</sup> | 2023-03-07 |  | M |  |  | 328.00 | <sup>(4)</sup> | <sup>(4)</sup> | Common Stock | 328.00 | $0.00 | 3349.00 | D |  |
| Restricted Stock Rights | <sup>(3)</sup> | 2023-03-07 |  | M |  |  | 357.00 | <sup>(4)</sup> | <sup>(4)</sup> | Common Stock | 357.00 | $0.00 | 2992.00 | 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 EDEN  ELISABETH A.  
**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.**