George R. Zoffinger - Jan 26, 2022 Form 4 Insider Report for NEW JERSEY RESOURCES CORP (NJR)

Role
Director
Signature
/s/ Richard Reich, as attorney-in-fact for George R. Zoffinger
Stock symbol
NJR
Transactions as of
Jan 26, 2022
Transactions value $
$115,000
Form type
4
Date filed
1/28/2022, 10:30 AM
Next filing
Jan 27, 2023

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 Restricted Stock Units Award $115K +2.94K $39.09 2.94K Jan 26, 2022 Common Stock 2.94K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of New Jersey Resources Corporation ("NJR") common stock plus dividend equivalents.
F2 Reporting person has elected to defer issuance of shares of this RSU award upon vesting pursuant to the NJR Directors' Deferred Compensation Plan. Vested shares and dividend equivalents will be paid out in five (5) annual installments beginning on the first day of the second month of the calendar quarter in which the reporting person ceases to be a Director.
F3 The RSU award will vest in full on the earlier of (i) the first anniversary of the date of grant, or (ii) the date of the next NJR Annual Meeting of Shareowners.