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The company utilizes a modified \"share withholding\" approach in connection with settling awards of restricted stock rights, 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 the restricted stock right award at the prevailing market price. Only these \"net shares\" are delivered to the recipient of the vested restricted stock rights award."},{"field":"price","element":"transactionPricePerShare","label":"F6","text":"Represents shares withheld by PNM Resources, Inc. to satisfy the tax withholding obligations arising in connection with the vesting and settlement of the restricted stock rights award described in (5) above. The company utilizes a modified \"share withholding\" approach in connection with settling awards of restricted stock rights, 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 the restricted stock right award at the prevailing market price. Only these \"net shares\" are delivered to the recipient of the vested restricted stock rights award."}],"balance_after":59210,"source":{"system":"sec-edgar","filing":"0001562180-17-001151","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":6,"url":"https://www.sec.gov/Archives/edgar/data/1108426/000156218017001151/primarydocument.xml","form_type":"4"}},{"id":4397948,"issuer":{"id":3794,"kind":"organization","name":"TXNM ENERGY INC"},"owners":[{"id":88478,"kind":"person","name":"Apodaca Patrick V","position":1,"cik":"0001478313","reported_name":"Apodaca Patrick V","relationship":{"director":false,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"SR VP, GEN COUNSEL & SECY"}}],"security":"Common Stock","published_at":"2017-03-07T18:54:38.000Z","date":"2017-03-05","kind":"exercise","acquired":true,"shares":992,"ownership":{"direct":true},"footnotes":[{"field":"security","element":"securityTitle","label":"F5","text":"Represents the portions of previous awards of restricted stock rights that vested effective as of March 5, 2017."},{"field":"price","element":"transactionPricePerShare","label":"F5","text":"Represents the portions of previous awards of restricted stock rights that vested effective as of March 5, 2017."}],"balance_after":59675,"source":{"system":"sec-edgar","filing":"0001562180-17-001151","document":"primarydocument.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":5,"url":"https://www.sec.gov/Archives/edgar/data/1108426/000156218017001151/primarydocument.xml","form_type":"4"}}],"next_cursor":"2017-03-07T18:54:38.000000Z,4397948"}