SEC Form 4 · accession 0001562180-19-001838

TXNM ENERGY INC · TXNM

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — VP, CONTROLLER AND TREASURER

Period of report

Mar 7, 2019

Accepted (ET)

Mar 11, 2019 · 2:03 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001108426

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
Common Stock^F1	Mar 7, 2019	M	392	—	A	11,882	D
Common Stock^F2	Mar 7, 2019	F	174	$44.94	D	11,708	D
Common Stock^F1	Mar 7, 2019	M	357	—	A	12,065	D
Common Stock^F2	Mar 7, 2019	F	158	$44.94	D	11,907	D
Common Stock^F1	Mar 7, 2019	M	373	—	A	12,280	D
Common Stock^F2	Mar 7, 2019	F	166	$44.94	D	12,114	D
Common Stock^F3	Mar 7, 2019	S	1,092	$44.89	D	11,022	D
Common Stock	Mar 8, 2019	S	608	$45.23	D	10,414	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Rights^F4,F5	—	Mar 7, 2019	M	392	D	—	—	Common Stock	392	2,796	D
Restricted Stock Rights^F4,F5	—	Mar 7, 2019	M	357	D	—	—	Common Stock	357	2,439	D
Restricted Stock Rights^F4,F5	—	Mar 7, 2019	M	373	D	—	—	Common Stock	373	2,066	D

F1Represents the portions of previous awards of restricted stock rights that vested effective as of March 7, 2019.
F2Represents 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.
F3Price represents a weighted average fill price ranging from $44.88 to $44.90.
F4Each restricted stock right represents a contingent right to receive one share of PNM Resources, Inc. common stock.
F5The 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).