This is based on Security Event ID 4724. When this is logged on the domain controller, Task Scheduler kicks this script. And send a mail to Admin and user. And also creates a local log file who reset the password.

# Created by Daag van der Meer on 12-10-2018
# Blog.van-daag.nl
# Powershell Send mail When account password reset is done To user and admin.
# Save this also in a Log file
 
##################
## Temp location for creating HTML email
##################
$Report= "c:\Temp\reset.html" 

##################
## Log location
##################
$log= "C:\Logs\Accountreset.csv"
 
$HTML=@" 
<title>Account locked out Report</title> 
<!--mce:0--> 
"@ 

##################
## Retrieve eventlog with all value
##################

$event = Get-EventLog -LogName Security -InstanceId 4724 -Newest 1 |
 Select TimeGenerated, ReplacementStrings |
  % { 
     New-Object PSObject -Property @{ 
      "Account name" = $_.ReplacementStrings[0] 
      "Account Domain" = $_.ReplacementStrings[1] 
      "Reset by" = $_.ReplacementStrings[4] 
      Date = $_.TimeGenerated 
    } 
   } 

##################
## Retrieve eventlog For filter username
##################

$userevent= Get-EventLog -LogName Security -InstanceId 4724 -Newest 1 | Select-Object @{n='UserName';e={$_.ReplacementStrings[0]}}
$user= $userevent -replace ".*=" -replace "}"

##################
## send mail to admin
##################


$event | ConvertTo-Html -Property "Account name","Account Domain","Reset By",Date -head $HTML -body  "<H2> User account password is reset</H2>"| 
     Out-File $Report -Append 

##################
## Mail config admin
##################

$MailBody= Get-Content $Report 
$MailSubject= "User password reset" 
$SmtpClient = New-Object system.net.mail.smtpClient 
$SmtpClient.host = "<MAIL SERVER>" 
$MailMessage = New-Object system.net.mail.mailmessage 
$MailMessage.from = "<FROM MAILADRESS>" 
$MailMessage.To.add("<MAILADRESS>") 
$MailMessage.Subject = $MailSubject 
$MailMessage.IsBodyHtml = 1 
$MailMessage.Body = $MailBody 
$SmtpClient.Send($MailMessage) 

del c:\Temp\reset.html
$event | Export-Csv $log -NoTypeInformation -Append


#############################
### Send mail to user #######
#############################

$useremail = Get-ADUser $user -Properties mail | Select-Object -ExpandProperty mail
$userfirstname1 = Get-ADUser $user -Properties GivenName | Select-Object GivenName
$userfirstname = $userfirstname1 -replace ".*=" -replace "}"
$userlastsname1 = Get-ADUser $user -Properties Surname | Select-Object Surname
$userlastsname = $userlastsname1 -replace ".*=" -replace "}"

$Pic = '<ADD LOCATION FOR PICTURE IN MAIL>'

$att1 = new-object Net.Mail.Attachment($Pic)
$att1.ContentType.MediaType = “image/png”
$att1.ContentId = “Attachment”

##################
## HTML mail setup to user
##################

$userBody = @"
<html>
    <body>
    <span lang=NL style='font-size:10.0pt;line-height:106%;color:black'>
Dear $userfirstname $userlastsname,<br>
<br>
The password for your <b>DOMAIN\$user</b> account has been reset.<br>
If you did not request this, please inform:<br>
<br>
This is an automated email.<br>
<br>
</span>
<img src="cid:Attachment">
"@

##################
## Mail config user
##################

$userSubject = "Your password is changed"
$userMessage = New-Object system.net.mail.mailmessage 
$userMessage.from = "<FROM MAILADRESS>"
$userMessage.To.add("$useremail")  
$userMessage.Subject = $userSubject  
$userMessage.IsBodyHtml = 1
$userMessage.Body = $userBody 


$userMessage.Attachments.Add($att1)


$SmtpClient.Send($userMessage)