The latest update is out from Pnm Resources Inc. (PNM).
PNM Resources, Inc. has rolled out new compensation plans for its executive officers to incentivize performance in 2024 and beyond. The approved Annual Incentive Plan sets specific earnings targets and corporate goals to determine potential cash awards, payable by March 2025. Executive compensation opportunities are tied to base salary percentages, with the CEO eligible for between 57.5% and 230%. Additionally, a new Long-Term Incentive Plan (LTIP) was established for a three-year period, focusing on earnings growth, relative total shareholder return, and operational efficiency, with payouts structured as performance shares and restricted stock rights. Changes to the previous year’s LTIP were also made to enhance benefits upon qualifying executive terminations. These measures operate alongside GAAP, providing a performance-based framework to drive company success.
For a thorough assessment of PNM stock, go to TipRanks’ Stock Analysis page.
