Kernel Panic and very slow boot time on 13inch Early 2015 MBA

The kernel panics and much slower boot time started last week. At that time I had Catalina as my OS.

I have read many discussions and have followed many of the suggestions including resetting NVRAM, safe boots, doing hardware check and reinstalling the OS using recovery, turning off Power Nap, I have run Disk Utility Repair Disk which does not find anything. I've also removed login items for my user in system preferences. I went through troubleshooting and ultimately felt that upgrading to Monterey might fix things. It did not. Same kernel panic and much slower boot times after the upgrade.I get notified that my Mac was restarted when waking my MacBook Air from sleep.

The kernel panics do not seem to occur if I shut down the computer and restart.
The kernel panics do not occur after a Safe Boot.

I have included a typical log from a kernel panic and to my untrained eye it is nearly the same as the kernel panic that I got under Catalina.
What sticks out to me is this:

panic(cpu 0 caller 0xffffff800e8c4e3a): Sleep transition timed out after 180 seconds while calling power state change callbacks. Suspected bundle: com.apple.driver.AppleIntelBDWGraphicsFramebuffer. Thread 0x5627.
Failure code:: 0x00000000 00000014

Is there anything else I can provide that might help pin this down? Or suggestions on what else to check?

MacBook Air 13 inch Early 2015

500TB SSD
2.2 GHz Dual-Core Intel Core i7
8 GB 1600 MHz DDR3
Intel HD Graphics 6000 1536 MB
Monterey 12.3

panic(cpu 0 caller 0xffffff800e8c4e3a): Sleep transition timed out after 180 seconds while calling power state change callbacks. Suspected bundle: com.apple.driver.AppleIntelBDWGraphicsFramebuffer. Thread 0x5627.
Failure code:: 0x00000000 00000014

Backtracing specified thread
Panicked task 0xffffff94ec006670: 172 threads: pid 0: kernel_task
Backtrace (CPU 0), panicked thread: 0xffffff8b50885aa8, Frame : Return Address
0xffffffe0bf743770 : 0xffffff800e1cc67b
0xffffffe0bf9abc00 : 0xffffff800e0af1bc
0xffffffe0bf9abc70 : 0xffffff800e0acf57
0xffffffe0bf9abcc0 : 0xffffff800e1c94bc
0xffffffe0bf9abd00 : 0xffffff800e1c8cdb
0xffffffe0bf9abd30 : 0xffffff800e845948
0xffffffe0bf9abd60 : 0xffffff800e8489e9
0xffffffe0bf9abdc0 : 0xffffff7fa5caa043
0xffffffe0bf9abde0 : 0xffffff800e82a93f
0xffffffe0bf9abe50 : 0xffffff800e82a6ea
0xffffffe0bf9abe70 : 0xffffff800e0d71e5
0xffffffe0bf9abee0 : 0xffffff800e0d82b2
0xffffffe0bf9abfa0 : 0xffffff800e02318e
Kernel Extensions in backtrace:
com.apple.driver.AppleIntelBDWGraphicsFramebuffer(18.0.5)[826973A8-69DF-3812-96A4-5639121FD8CE]@0xffffff7fa5c58000->0xffffff7fa5cd9fff
dependency: com.apple.AppleGraphicsDeviceControl(6.5.4)[3BBDC2AD-9889-3863-82EA-864DCE9D0DEF]@0xffffff7fa592c000->0xffffff7fa592ffff
dependency: com.apple.iokit.IOACPIFamily(1.4)[CF250EA9-AE5C-3215-BCF5-763DB70A0228]@0xffffff8010760000->0xffffff8010761fff
dependency: com.apple.iokit.IOAcceleratorFamily2(462.8)[2ED59269-2A13-3F67-AB1A-212DB14FC5F2]@0xffffff7fa6fa4000->0xffffff7fa700efff
dependency: com.apple.iokit.IOGraphicsFamily(594)[3ECB2385-311A-374E-9C0F-65639BA26A05]@0xffffff7fa7141000->0xffffff7fa716ffff
dependency: com.apple.iokit.IOPCIFamily(2.9)[03565C8B-2960-3B32-92FD-E6E86917FE61]@0xffffff8010c03000->0xffffff8010c2efff
dependency: com.apple.iokit.IOReportFamily(47)[ABB60963-29B6-3098-87E8-41E21DABF443]@0xffffff8010c40000->0xffffff8010c42fff

Process name corresponding to current thread (0xffffff8b50885aa8): kernel_task

Mac OS version:
21E230

Kernel version:
Darwin Kernel Version 21.4.0: Mon Feb 21 20:34:37 PST 2022; root:xnu-8020.101.4~2/RELEASE_X86_64
Kernel UUID: 9619904E-EA6D-3D08-89C4-B1C0451D39B8
KernelCache slide: 0x000000000de00000
KernelCache base: 0xffffff800e000000
Kernel slide: 0x000000000de10000
Kernel text base: 0xffffff800e010000
__HIB text base: 0xffffff800df00000
System model name: MacBookAir7,2 (Mac-937CB26E2E02BB01)
System shutdown begun: NO
Panic diags file available: YES (0x0)
Hibernation exit count: 0

System uptime in nanoseconds: 1385693529072
Last Sleep: absolute base_tsc base_nano
Uptime : 0x00000142a1c54826
Sleep : 0x0000010cc8414aea 0x000000029ee81d1c 0x0000000000000000
Wake : 0x0000010cd641f198 0x0000025936a9656c 0x0000010cd55a2721
Compressor Info: 0% of compressed pages limit (OK) and 0% of segments limit (OK) with 1 swapfiles and OK swap space
Zone info:
Foreign : 0xffffff8012832000 - 0xffffff8012840000
Native : 0xffffff801f2ea000 - 0xffffffa01f2ea000
Readonly: 0xffffff84ebfb6000 - 0xffffff868594f000
Metadata: 0xffffffe1717c7000 - 0xffffffe191892000
Bitmaps : 0xffffffe191892000 - 0xffffffe194892000

last started kext at 1155021814741: >!UAudio 415.11 (addr 0xffffff7fa6e21000, size 335872)
last stopped kext at 302692911224: >!AThunderboltEDMSink 5.0.3 (addr 0xffffff7fa6dc5000, size 32768)
loaded kexts:
@filesystems.msdosfs 1.10
>!AUpstreamUserClient 3.6.9
>AudioAUUC 1.70
>!APlatformEnabler 2.7.0d0
>X86PlatformShim 1.0.0
>AGPM 127
@filesystems.autofs 3.0
>!AHDA 340.2
>eficheck 1
>!AGraphicsDevicePolicy 6.5.4
>!A!IBDWGraphics 18.0.5
>!A!IBDWGraphicsFramebuffer 18.0.5
>!ASMCLMU 212
@AGDCPluginDisplayMetrics 6.5.4
>!ALPC 3.1
>pmtelemetry 1
|IOUserEthernet 1.0.1
>usb.!UUserHCI 1
>!AHV 1
>!ADiskImages2 126.100.13
>!ACameraInterface 7.9.1
>!ABacklight 180.5
>!AMCCSControl 1.15
>!A!ISlowAdaptiveClocking 4.0.0
>!AThunderboltIP 4.0.3
>!UCardReader 533.100.11
|SCSITaskUserClient 456.100.7
>!AFileSystemDriver 3.0.1
@filesystems.tmpfs 1
@filesystems.lifs 1
@filesystems.hfs.kext 583.100.10
@BootCache 40
@!AFSCompression.!AFSCompressionTypeZlib 1.0.0
@!AFSCompression.!AFSCompressionTypeDataless 1.0.0d1
>!ATopCaseHIDEventDriver 5440.11
@filesystems.apfs 1934.101.3
>!AAHCIPort 351.100.4
>AirPort.BrcmNIC 1400.1.1
@private.KextAudit 1.0
>!ASmartBatteryManager 161.0.0
>!AACPIButtons 6.1
>!ARTC 2.0.1
>!AHPET 1.8
>!ASMBIOS 2.1
>!AACPIEC 6.1
>!AAPIC 1.7
@!ASystemPolicy 2.0.0
@nke.applicationfirewall 402
|IOKitRegistryCompatibility 1
|EndpointSecurity 1
@Dont_Steal_Mac_OS_X 7.0.0
@kec.!AEncryptedArchive 1
>!UAudio 415.11
>driverkit.serial 6.0.0
|IOSerial!F 11
@kext.triggers 1.0
|IOSCSIMultimediaCommandsDevice 456.100.7
|IOBD!S!F 1.8
|IODVD!S!F 1.8
|IOCD!S!F 1.8
>DspFuncLib 340.2
@kext.OSvKernDSPLib 529
>!AAudioClockLibs 140.1
>!AGraphicsControl 6.5.4
>!AHDA!C 340.2
|IOHDA!F 340.2
|IOAudio!F 340.2
@vecLib.kext 1.2.0
|IOAccelerator!F2 462.8
|IO!BSerialManager 9.0.0
|IO!BPacketLogger 9.0.0
|IO!BHost!CUSBTransport 9.0.0
|IO!BHost!CUARTTransport 9.0.0
|IO!BHost!CTransport 9.0.0
>IO!BHost!CPCIeTransport 9.0.0
|IOAVB!F 1040.6
@plugin.IOgPTPPlugin 1040.3
|IOEthernetAVB!C 1.1.0
|CSR!BHost!CUSBTransport 9.0.0
|Broadcom!BHost!CUSBTransport 9.0.0
|Broadcom!B20703USBTransport 9.0.0
>!AIPAppender 1.0
>X86PlatformPlugin 1.0.0
>IOPlatformPlugin!F 6.0.0d8
>!ABacklightExpert 1.1.0
|IONDRVSupport 594
>!ASMBus!C 1.0.18d1
@!AGPUWrangler 6.5.4
@!AGraphicsDeviceControl 6.5.4
|IOGraphics!F 594
|IOSlowAdaptiveClocking!F 1.0.0
>!AThunderboltDPOutAdapter 8.5.1
>usb.IOUSBHostHIDDevice 1.2
>usb.!UHub 1.2
>usb.cdc 5.0.0
>usb.networking 5.0.0
>usb.!UHostCompositeDevice 1.2
>!AThunderboltDPInAdapter 8.5.1
>!AThunderboltDPAdapter!F 8.5.1
>!AThunderboltPCIDownAdapter 4.1.1
>!ABSDKextStarter 3
|IOSurface 302.14
@filesystems.hfs.encodings.kext 1
>!AMultitouchDriver 5440.11
>!AInputDeviceSupport 5440.6
>!AHS!BDriver 5440.11
>IO!BHIDDriver 9.0.0
>!AHIDKeyboard 228.1
>!AHSSPIHIDDriver 63
>!AXsanScheme 3
|IOAHCIBlock!S 333.100.3
>!AThunderboltNHI 7.2.81
|IOThunderbolt!F 9.3.3
|IOAHCI!F 297
|IO80211!FLegacy 1200.12.2b1
|IOSkywalk!F 1.0
>mDNSOffloadUserClient 1.0.1b8
>corecapture 1.0.4
>usb.!UHostPacketFilter 1.0
|IOUSB!F 900.4.2
>!AHSSPISupport 63
>!A!ILpssSpi!C 3.0.60
>!A!ILpssI2C 3.0.60
>!A!ILpssGspi 3.0.60
>!A!ILpssDmac 3.0.60
>usb.!UXHCIPCI 1.2
>usb.!UXHCI 1.2
>!AEFINVRAM 2.1
>!AEFIRuntime 2.1
|IOSMBus!F 1.1
|IOHID!F 2.0.0
|IOTimeSync!F 1040.3
|IONetworking!F 3.4
>DiskImages 493.0.0
|IO!B!F 9.0.0
|IOReport!F 47
$quarantine 4
$sandbox 300.0
@Kext.!AMatch 1.0.0d1
|CoreAnalytics!F 1
>!ASSE 1.0
>!AKeyStore 2
>!UTDM 533.100.11
|IOUSBMass!SDriver 210.101.2
|IOSCSIBlockCommandsDevice 456.100.7
|IO!S!F 2.1
|IOSCSIArchitectureModel!F 456.100.7
>!AMobileFileIntegrity 1.0.5
$!AImage4 4.2.0
@kext.CoreTrust 1
>!AFDEKeyStore 28.30
>!AEffaceable!S 1.0
>!ACredentialManager 1.0
>KernelRelayHost 1
|IOUSBHost!F 1.2
>!UHostMergeProperties 1.2
>usb.!UCommon 1.0
>!ABusPower!C 1.0
>!ASEPManager 1.0.1
>IOSlaveProcessor 1
>!AACPIPlatform 6.1
>!ASMC 3.1.9
|IOPCI!F 2.9
|IOACPI!F 1.4
>watchdog 1
@kec.pthread 1
@kec.Libm 1
@kec.corecrypto 12.0