Jane M. Kenny - 10 Jan 2022 Form 4 Insider Report for NEW JERSEY RESOURCES CORP (NJR)

Role
Director
Signature
/s/ Richard Reich, as attorney-in-fact for Jane M. Kenny
Issuer symbol
NJR
Transactions as of
10 Jan 2022
Net transactions value
-$135,169
Form type
4
Filing time
12 Jan 2022, 10:02:49 UTC
Next filing
28 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NJR Common Stock Options Exercise $0 +3,324 +17% $0.000000 22,918 10 Jan 2022 Direct F1

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 Units Options Exercise $135,169 -3,324 -37% $40.66 5,732 10 Jan 2022 Common Stock 3,324 Direct F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Total includes an accrual of 475.370 shares of dividends through the New Jersey Resources Corporation (NJR) Directors' Deferred Compensation Plan; value of .370 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 The Phantom Stock Units represent director fees for 2017 that were deferred pursuant to the NJR Directors' Deferred Compensation Plan and are being paid out in a lump sum as previously elected by the director.
F4 The Phantom Stock Units represent director fees for 2018 and 2019 that are deferred pursuant to the NJR Directors' Deferred Compensation Plan and will be paid out in a lump sum the earlier of 1/1/2023 and 1/1/2024, respectively, or when the director ceases to be a director.
F5 Total includes an accrual of 625.372 shares of dividends through NJR's Directors Deferred Compensation Plan.