Timothy F. Shea - Nov 10, 2021 Form 4 Insider Report for NEW JERSEY RESOURCES CORP (NJR)

Role
Vice President, Subsidiary
Signature
/s/ Richard Reich, as attorney-in-fact for Timothy F. Shea
Stock symbol
NJR
Transactions as of
Nov 10, 2021
Transactions value $
$1,140,109
Form type
4
Date filed
11/12/2021, 07:36 PM
Previous filing
Oct 19, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NJR Common Stock Award $79.1K +2.04K +8.85% $38.84 25.1K Nov 10, 2021 Direct F1
transaction NJR Common Stock Tax liability -$39K -1K -4.01% $38.84 24K Nov 10, 2021 Direct F2
transaction NJR Common Stock Award $1.1M +28.3K +117.73% $38.84 52.4K Nov 10, 2021 Direct F3, F4
holding NJR Common Stock 28.7 Nov 10, 2021 By NJR Employees' Retirement Savings Plan F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents number of performance share units, which vested at 93 percent of target (plus 196 dividend equivalents), after a 36-month period beginning on October 1, 2018, upon certification by the Leadership Development and Compensation Committee (LDCC) of New Jersey Resources Corporation's (NJR's) performance versus the applicable performance goal. Performance share units and dividend equivalents convert into one share of NJR Common Stock upon vesting.
F2 Represents shares withheld to pay taxes due upon vesting of performance share units.
F3 Represents grant of deferred retention stock units (DRSUs) under the NJR 2017 Stock Award and Incentive Plan. Each DRSU will vest on October 15, 2024 and each DRSU represents a contingent right to receive one share of NJR Common Stock.
F4 Total reflects adjustment for dividend accrual.
F5 Based on plan shares as of the end of the most recent fiscal quarter.