Mark F. Valori - 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 Mark F. Valori
Stock symbol
NJR
Transactions as of
Nov 10, 2021
Transactions value $
$119,083
Form type
4
Date filed
11/12/2021, 07:38 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 $94.1K +2.42K +19.76% $38.84 14.7K Nov 10, 2021 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NJR Phantom Stock Award $25K +644 $38.84 644 Nov 10, 2021 Common Stock 644 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents grant of restricted stock units (RSUs) under the New Jersey Resources Corporation (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.
F2 Total reflects adjustment for dividend accrual.
F3 The phantom stock represents performance share unit awards that have vested and have been deferred pursuant to NJR's Officer Deferred Compensation Plan and are to be paid out in a lump sum upon the officer's retirement. Each share of phantom stock is the economic equivalent of one share of NJR Common Stock.