Jacqueline K. Shea - Jan 10, 2022 Form 4 Insider Report for NEW JERSEY RESOURCES CORP (NJR)

Role
VP, Chief Information Officer
Signature
/s/ Richard Reich, as attorney-in-fact for Jacqueline K. Shea
Stock symbol
NJR
Transactions as of
Jan 10, 2022
Transactions value $
-$57,931
Form type
4
Date filed
1/12/2022, 10:02 AM
Previous filing
Nov 12, 2021
Next filing
Oct 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NJR Common Stock Options Exercise $0 +969 +4.97% $0.00 20.5K Jan 10, 2022 Direct F1
transaction NJR Common Stock Tax liability -$18.5K -455 -2.22% $40.66 20K Jan 10, 2022 Direct

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 Options Exercise -$39.4K -970 -25% $40.66 2.91K Jan 10, 2022 Common Stock 970 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the second distribution of phantom stock units representing performance share units that vested in November 2019 and were deferred pursuant to the New Jersey Resources ("NJR") Officers' Deferred Compensation Plan. The remaining shares will be distributed in equal installments in January 2023, 2024 and 2025. Total has been adjusted to reflect 135.808 accrued dividend equivalents. Each share of phantom stock and dividend equivalent is the economic equivalent of one share of NJR Common Stock. Value of .770 shares of NJR Common Stock was distributed in cash.
F2 Each Phantom Stock Unit is the economic equivalent of one (1) share of NJR Common Stock.
F3 Represents the second distribution of phantom stock units representing performance share units that vested in November 2019 and were deferred pursuant to the NJR Officers' Deferred Compensation Plan. The remaining shares will be distributed in equal installments in January 2023, 2024 and 2025. Each share of phantom stock is the economic equivalent of one share of NJR Common Stock.