Patrick J. Migliaccio - Nov 10, 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
Nov 10, 2021
Transactions value $
$373,602
Form type
4
Date filed
11/12/2021, 07:37 PM
Previous filing
Oct 19, 2021
Next filing
Nov 24, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NJR Common Stock Award $92.5K +2.38K +7.2% $38.84 35.5K Nov 10, 2021 Direct F1
transaction NJR Common Stock Tax liability -$45.6K -1.17K -3.31% $38.84 34.3K Nov 10, 2021 Direct F2
transaction NJR Common Stock Award $327K +8.41K +24.53% $38.84 42.7K Nov 10, 2021 Direct F3, F4
* 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 230 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 restricted stock units (RSUs) under the NJR 2017 Stock Award and Incentive Plan. RSUs vest in three equal annual installments on October 15, 2022, October 15, 2023, and October 15, 2024 and each RSU represents a contingent right to receive one share of NJR Common Stock
F4 Total reflects adjustment for dividend accrual.