PNM Resources Management
Management criteria checks 4/4
PNM Resources' CEO is Pat Vincent-Collawn, appointed in Mar 2010, has a tenure of 14.08 years. total yearly compensation is $6.60M, comprised of 15.2% salary and 84.8% bonuses, including company stock and options. directly owns 0.78% of the company’s shares, worth $25.43M. The average tenure of the management team and the board of directors is 3.3 years and 9.9 years respectively.
Key information
Pat Vincent-Collawn
Chief executive officer
US$6.6m
Total compensation
| CEO salary percentage | 15.2% |
| CEO tenure | 14.1yrs |
| CEO ownership | 0.8% |
| Management average tenure | 3.3yrs |
| Board average tenure | 9.9yrs |
Recent management updates
Recent updates
PNM Resources: Medium Term Growth Potential But Less Financial Flexibility
Apr 07PNM Resources (NYSE:PNM) Is Due To Pay A Dividend Of $0.3875
Apr 03
PNM Resources: No Merger, No Thank You
Jan 12PNM Resources (NYSE:PNM) Will Pay A Larger Dividend Than Last Year At $0.3875
Jan 02PNM Resources (NYSE:PNM) Will Pay A Larger Dividend Than Last Year At $0.3875
Dec 12Is PNM Resources (NYSE:PNM) Using Too Much Debt?
Dec 07Returns On Capital At PNM Resources (NYSE:PNM) Have Stalled
Oct 27PNM Resources: Exciting Initiatives Is Boosting The Bottom Line
Sep 30PNM Resources: Debate Hinges On Merger, Economic Value Absent Either Way
Sep 23Calculating The Fair Value Of PNM Resources, Inc. (NYSE:PNM)
Sep 18PNM Resources (NYSE:PNM) Has A Somewhat Strained Balance Sheet
Aug 23PNM Resources: High Valuation, Uncertain Backup Plan
Jun 14PNM Resources (NYSE:PNM) Ticks All The Boxes When It Comes To Earnings Growth
May 20Here's What To Make Of PNM Resources' (NYSE:PNM) Decelerating Rates Of Return
May 01PNM Resources' (NYSE:PNM) Shareholders Will Receive A Bigger Dividend Than Last Year
Apr 05PNM Resources beats FY top and bottom line estimates; narrows FY23 outlook
Feb 24PNM Resources cut to Neutral at Mizuho on likelihood of Avangrid deal close
Jan 09PNM Resources' (NYSE:PNM) Upcoming Dividend Will Be Larger Than Last Year's
Jan 02PNM Resources reports Q3 earnings beat; raises FY22 and reaffirms FY23 guidance
Nov 04PNM Resources declares $0.3475 dividend
Sep 16PNM Resources Non-GAAP EPS of $0.57 beats by $0.04, revenue of $499.73M beats by $54.37M, affirms FY earning guidance
Aug 04PNM Resources: Avangrid Merger Is Likely To Close
Jul 04PNM Resources: Renewables Path Uncertain But Don't Bet On Merger
Feb 08Avangrid-PNM merger deal wins OK from Nuclear Regulatory Commission
May 26PNM Resources reports Q1 results
Apr 30Does PNM Resources (NYSE:PNM) Have A Healthy Balance Sheet?
Mar 12Does PNM Resources' (NYSE:PNM) Statutory Profit Adequately Reflect Its Underlying Profit?
Feb 03PNM Resources, Inc. (NYSE:PNM) Delivered A Better ROE Than Its Industry
Dec 15
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | US$88m |
| Sep 30 2023 | n/a | n/a | US$154m |
| Jun 30 2023 | n/a | n/a | US$238m |
| Mar 31 2023 | n/a | n/a | US$209m |
| Dec 31 2022 | US$7m | US$1m | US$170m |
| Sep 30 2022 | n/a | n/a | US$165m |
| Jun 30 2022 | n/a | n/a | US$156m |
| Mar 31 2022 | n/a | n/a | US$194m |
| Dec 31 2021 | US$6m | US$958k | US$196m |
| Sep 30 2021 | n/a | n/a | US$193m |
| Jun 30 2021 | n/a | n/a | US$202m |
| Mar 31 2021 | n/a | n/a | US$206m |
| Dec 31 2020 | US$8m | US$952k | US$173m |
| Sep 30 2020 | n/a | n/a | US$196m |
| Jun 30 2020 | n/a | n/a | US$177m |
| Mar 31 2020 | n/a | n/a | US$43m |
| Dec 31 2019 | US$5m | US$891k | US$77m |
| Sep 30 2019 | n/a | n/a | -US$10m |
| Jun 30 2019 | n/a | n/a | -US$25m |
| Mar 31 2019 | n/a | n/a | US$89m |
| Dec 31 2018 | US$5m | US$854k | US$86m |
| Sep 30 2018 | n/a | n/a | US$86m |
| Jun 30 2018 | n/a | n/a | US$73m |
| Mar 31 2018 | n/a | n/a | US$72m |
| Dec 31 2017 | US$4m | US$818k | US$80m |
Compensation vs Market: Pat's total compensation ($USD6.60M) is about average for companies of similar size in the US market ($USD6.64M).
Compensation vs Earnings: Pat's compensation has been consistent with company performance over the past year.
CEO
Pat Vincent-Collawn (64 yo)
14.1yrs
Tenure
US$6,596,575
Compensation
Ms. Patricia K. Vincent-Collawn, also known as Pat, has been the Chief Executive Officer of PNM Resources, Inc. since March 1, 2010 and had been its President since August 11, 2008 until May 2022. Ms. Vinc...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 14.1yrs | US$6.60m | 0.78% $ 25.4m | |
| President & COO | 1.9yrs | US$1.59m | 0.035% $ 1.1m | |
| Senior VP | 3.2yrs | US$934.92k | 0.021% $ 697.2k | |
| Senior VP | 14.3yrs | US$1.07m | 0.10% $ 3.3m | |
| Principal Accounting Officer | less than a year | no data | 0.00060% $ 19.5k | |
| VP & Chief Information Officer | 3.3yrs | no data | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Vice President of Human Resources | 4.3yrs | no data | no data |
3.3yrs
Average Tenure
60yo
Average Age
Experienced Management: PNM's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 14.1yrs | US$6.60m | 0.78% $ 25.4m | |
| Independent Director | 9.9yrs | US$232.50k | 0.011% $ 356.9k | |
| Independent Director | 15.8yrs | US$220.00k | 0.049% $ 1.6m | |
| Independent Director | 8.9yrs | US$220.00k | 0.017% $ 549.0k | |
| Independent Director | 5.3yrs | US$220.00k | 0.0035% $ 112.3k | |
| Independent Director | 12.1yrs | US$235.00k | 0.021% $ 677.5k | |
| Independent Director | 9.9yrs | US$235.00k | 0.022% $ 718.3k | |
| Independent Director | 5.3yrs | US$232.50k | 0.0059% $ 192.1k | |
| Lead Independent Director | 7.9yrs | US$250.00k | 0.017% $ 558.7k |
9.9yrs
Average Tenure
67yo
Average Age
Experienced Board: PNM's board of directors are considered experienced (9.9 years average tenure).