Patrick J. Migliaccio - Oct 15, 2021 Form 4 Insider Report for NEW JERSEY RESOURCES CORP (NJR)

Role
Senior VP and CFO
Signature
/s/ Richard Reich, as attorney-in-fact for Patrick J. Migliaccio
Stock symbol
NJR
Transactions as of
Oct 15, 2021
Transactions value $
-$209,801
Form type
4
Date filed
10/19/2021, 06:56 PM
Next filing
Nov 12, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NJR Common Stock Tax liability -$31.7K -841 -2.23% $37.70 36.9K Oct 15, 2021 Direct F1, F2
transaction NJR Common Stock Tax liability -$41.1K -1.09K -2.94% $37.70 36K Oct 15, 2021 Direct F3, F4
transaction NJR Common Stock Tax liability -$51.5K -1.37K -3.79% $37.70 34.7K Oct 15, 2021 Direct F5, F6
transaction NJR Common Stock Tax liability -$85.5K -2.27K -6.42% $37.70 33.1K Oct 15, 2021 Direct F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld to pay taxes due upon vesting of the third and final tranche of the Restricted Stock Unit (RSU) award previously granted on November 13, 2018.
F2 Total adjusted for 164 accrued dividend equivalents payable upon vesting of RSUs. Each RSU and dividend equivalent converts into one share of New Jersey Resources Corporation (NJR) Common Stock upon vesting.
F3 Represents shares withheld to pay taxes due upon vesting of the second tranche of the RSU award previously granted on November 12, 2019. The final tranche will vest on October 15, 2022.
F4 Total adjusted for 160 accrued dividend equivalents payable upon vesting of RSUs. Each RSU and dividend equivalent converts into one share of NJR Common Stock upon vesting.
F5 Represents shares withheld to pay taxes due upon vesting of the first tranche of the RSU award previously granted on November 9, 2020. The second and third tranches will vest on October 15, 2022 and October 15, 2023, respectively.
F6 Total adjusted for 96 accrued dividend equivalents payable upon vesting of RSUs. Each RSU and dividend equivalent converts into one share of NJR Common Stock upon vesting.
F7 Represents shares withheld to cover taxes due upon vesting of the Deferred Stock Unit (DSU) award previously granted on November 13, 2018.
F8 Total adjusted for 438 accrued dividend equivalents payable upon vesting of DSUs and includes 218.794 shares accrued through dividends under the NJR Employee Retirement Savings 401(k) Plan. Each DSU and dividend equivalent converts into one share of NJR Common Stock upon vesting.