This sounds exactly like my scenario, except on a iMac Retina 5k 4-core i7. Literally *nothing* else open on the system except the time machine backup was in progress.
panic(cpu 4 caller 0xffffff801af53a13): userspace watchdog timeout: no successful checkins from com.apple.WindowServer in 120 seconds
service: com.apple.logd, total successful checkins since wake (2450 seconds ago): 246, last successful checkin: 0 seconds ago
service: com.apple.WindowServer, total successful checkins since wake (2450 seconds ago): 226, last successful checkin: 120 seconds ago
Backtrace (CPU 4), Frame : Return Address
0xffffffc122aa3670 : 0xffffff8017cbc66d
0xffffffc122aa36c0 : 0xffffff8017dff073
0xffffffc122aa3700 : 0xffffff8017def6aa
0xffffffc122aa3750 : 0xffffff8017c61a2f
0xffffffc122aa3770 : 0xffffff8017cbbf0d
0xffffffc122aa3890 : 0xffffff8017cbc1f8
0xffffffc122aa3900 : 0xffffff80184bee84
0xffffffc122aa3970 : 0xffffff801af53a13
0xffffffc122aa3980 : 0xffffff801af536ba
0xffffffc122aa39a0 : 0xffffff80184460ee
0xffffffc122aa39f0 : 0xffffff801af52b0a
0xffffffc122aa3b20 : 0xffffff80184502bb
0xffffffc122aa3c80 : 0xffffff8017daaa61
0xffffffc122aa3d90 : 0xffffff8017cc1d77
0xffffffc122aa3e00 : 0xffffff8017c985d5
0xffffffc122aa3e60 : 0xffffff8017cafb82
0xffffffc122aa3ef0 : 0xffffff8017dd3823
0xffffffc122aa3fa0 : 0xffffff8017c62216
Kernel Extensions in backtrace:
com.apple.driver.watchdog(1.0)[7948A279-A8B8-3650-AFBF-B1E3EB68942A]@0xffffff801af52000->0xffffff801af53fff
Process name corresponding to current thread: watchdogd
Mac OS version:
20B29
Kernel version:
Darwin Kernel Version 20.1.0: Sat Oct 31 00:07:11 PDT 2020; root:xnu-7195.50.7~2/RELEASEX8664
Kernel UUID: 84C6DC45-6B02-335F-9439-5D2A9BC385A4
KernelCache slide: 0x0000000017a00000
KernelCache base: 0xffffff8017c00000
Kernel slide: 0x0000000017a10000
Kernel text base: 0xffffff8017c10000
_HIB text base: 0xffffff8017b00000
System model name: iMac17,1 (Mac-DB15BD556843C820)
System shutdown begun: NO
Panic diags file available: YES (0x0)
Hibernation exit count: 0
System uptime in nanoseconds: 3358413001062
Last Sleep: absolute basetsc basenano
Uptime : 0x0000030df10394b8
Sleep : 0x000000d04ffdecad 0x000000008a916b60 0x000000c1ec725d0c
Wake : 0x000000d0578da6d1 0x000000008b097b9a 0x000000d05679b0f8
last started kext at 3243326094155: >usb.!UUserHCI 1 (addr 0xffffff7fb77ef000, size 98304)
last stopped kext at 3304242613422: >usb.!UUserHCI 1 (addr 0xffffff7fb77ef000, size 98304)
loaded kexts:
@filesystems.smbfs 3.4.1
@fileutil 20.036.15
@filesystems.autofs 3.0
AudioAUUC 1.70X86PlatformShim 1.0.0AGPM 119!APlatformEnabler 2.7.0d0!AUpstreamUserClient 3.6.8
@kext.AMDFramebuffer 4.0.0!AMikeyHIDDriver 131
@kext.AMDRadeonX4000 4.0.0!AMikeyDriver 283.15
@kext.AMDRadeonServiceManager 4.0.0!AHDA 283.15!A!ISKLGraphics 16.0.0!AGraphicsDevicePolicy 6.1.27!A!IPCHPMC 2.0.1
@AGDCPluginDisplayMetrics 6.1.27!A!ISKLGraphicsFramebuffer 16.0.0pmtelemetry 1LuaHardwareAccess 1.0.16
|IOUserEthernet 1.0.1
|IO!BSerialManager 8.0.1f5
@DontStealMacOS_X 7.0.0!AHV 1!ADiskImages2 1
@kext.AMD7000!C 4.0.0eficheck 1!ASMCLMU 212
|Broadcom!B20703USBTransport 8.0.1f5!AThunderboltIP 4.0.3!AMCCSControl 1.14!A!ISlowAdaptiveClocking 4.0.0!ATopCaseHIDEventDriver 4000.27!UTopCaseDriver 4000.27
@filesystems.tmpfs 1
@filesystems.hfs.kext 556.41.1
@BootCache 40
@!AFSCompression.!AFSCompressionTypeZlib 1.0.0
@!AFSCompression.!AFSCompressionTypeDataless 1.0.0d1
@filesystems.apfs 1677.50.1!ASDXC 1.9.0
|!ABCM5701Ethernet 11.0.0AirPort.BrcmNIC 1400.1.1!AAHCIPort 346
@private.KextAudit 1.0!AACPIButtons 6.1!ARTC 2.0!ASMBIOS 2.1!AACPIEC 6.1!AAPIC 1.7
@!ASystemPolicy 2.0.0
@nke.applicationfirewall 310
|IOKitRegistryCompatibility 1
|EndpointSecurity 1
@kext.triggers 1.0
@kext.AMDRadeonX4030HWLibs 1.0
@kext.AMDRadeonX4000HWServices 4.0.0DspFuncLib 283.15
@kext.OSvKernDSPLib 529!AGraphicsControl 6.1.27!ASMBusPCI 1.0.14d1
|IOAccelerator!F2 439.35.4
|IOSerial!F 11
|IOAVB!F 900.12
@plugin.IOgPTPPlugin 900.11
|IOEthernetAVB!C 1.1.0!AHDA!C 283.15
|IOHDA!F 283.15
|IOAudio!F 300.6.1
@vecLib.kext 1.2.0
@kext.AMDSupport 4.0.0
|Broadcom!BHost!CUSBTransport 8.0.1f5
|IO!BHost!CUSBTransport 8.0.1f5
|IO!BHost!CTransport 8.0.1f5
@!AGPUWrangler 6.1.27
@!AGraphicsDeviceControl 6.1.27!AThunderboltEDMSink 5.0.3
|IONDRVSupport 585
|IOGraphics!F 585!ASMBus!C 1.0.18d1X86PlatformPlugin 1.0.0IOPlatformPlugin!F 6.0.0d8
|IOSlowAdaptiveClocking!F 1.0.0!AHS!BDriver 4000.27IO!BHIDDriver 8.0.1f5!AMultitouchDriver 4400.28!AInputDeviceSupport 4400.35!AHIDKeyboard 222usb.IOUSBHostHIDDevice 1.2usb.networking 5.0.0usb.!UHostCompositeDevice 1.2!AThunderboltDPOutAdapter 8.1.4!AThunderboltDPInAdapter 8.1.4!AThunderboltDPAdapter!F 8.1.4!AThunderboltPCIDownAdapter 4.1.1!ABSDKextStarter 3
|IOSurface 289.3
@filesystems.hfs.encodings.kext 1
|IOAHCIBlock!S 332!AThunderboltNHI 7.2.8
|IOThunderbolt!F 9.3.2
|IONVMe!F 2.1.0
|IO80211!F 1200.12.2b1
|IOSkywalk!F 1mDNSOffloadUserClient 1.0.1b8corecapture 1.0.4
|IOUSB!F 900.4.2
|IOAHCI!F 294usb.!UXHCIPCI 1.2usb.!UXHCI 1.2!AEFINVRAM 2.1!AEFIRuntime 2.1
|IOSMBus!F 1.1
|IOHID!F 2.0.0
$!AImage4 3.0.0
|IOTimeSync!F 900.11
|IONetworking!F 3.4DiskImages 493.0.0
|IO!B!F 8.0.1f5
|IOReport!F 47
|IO!BPacketLogger 8.0.1f5
$quarantine 4
$sandbox 300.0
@kext.!AMatch 1.0.0d1
|CoreAnalytics!F 1!ASSE 1.0!AKeyStore 2!UTDM 511.40.9
|IOUSBMass!SDriver 184.40.6
|IOSCSIBlockCommandsDevice 436.40.6
|IO!S!F 2.1
|IOSCSIArchitectureModel!F 436.40.6!AMobileFileIntegrity 1.0.5
@kext.CoreTrust 1!AFDEKeyStore 28.30!AEffaceable!S 1.0!ACredentialManager 1.0KernelRelayHost 1
|IOUSBHost!F 1.2!UHostMergeProperties 1.2usb.!UCommon 1.0!ABusPower!C 1.0!ASEPManager 1.0.1IOSlaveProcessor 1!AACPIPlatform 6.1!ASMC 3.1.9
|IOPCI!F 2.9
|IOACPI!F 1.4watchdog 1
@kec.pthread 1
@kec.corecrypto 1.0
@kec.Libm 1