This article explains 'PEM X Temp Sensor Hot' alarm and course of action for these alarms.
Below alarm/logs will be seen for any PEM that has Temperature sensor alarm.
Oct 20 21:28:43.421 router-name alarmd[32559]: Alarm set: PS SFXPC id=722468939, color=RED, class=CHASSIS, reason=PEM 1 Temp Sensor Hot
Oct 20 21:28:43.423 router-name craftd[31803]: Major alarm set, PEM 1 Temp Sensor Hot
Oct 20 21:28:53.360 router-name alarmd[32559]: Alarm cleared: PS SFXPC id=554696779, color=YELLOW, class=CHASSIS, reason=PEM 1 Not Powered
Oct 20 21:28:53.361 router-name craftd[31803]: Minor alarm cleared, PEM 1 Not Powered
Oct 20 21:28:53.365 router-name alarmd[32559]: Alarm cleared: PS SFXPC id=722468939, color=RED, class=CHASSIS, reason=PEM 1 Temp Sensor Hot