Lori DelGiudice - Nov 10, 2022 Form 4 Insider Report for NEW JERSEY RESOURCES CORP (NJR)

Role
SVP, Human Resources
Signature
/s/Tejal K. Mehta, as attorney-in-fact for Lori DelGiudice
Stock symbol
NJR
Transactions as of
Nov 10, 2022
Transactions value $
$580,520
Form type
4
Date filed
11/14/2022, 05:23 PM
Previous filing
Nov 14, 2022
Next filing
Oct 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NJR Common Stock Award $450K +9.78K $46.00 9.78K Nov 10, 2022 Direct F1
transaction NJR Common Stock Award $131K +2.84K +29% $46.00 12.6K Nov 10, 2022 Direct F2
* 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 2017 Stock Award and Incentive Plan. RSUs vest in three annual installments of 22 percent on each of October 15, 2023 and October 15, 2024, and 56 percent on October 15, 2025. Each RSU represents a contingent right to receive one share of NJR Common Stock.
F2 Represents grant of RSUs under the NJR 2017 Stock Award and Incentive Plan. RSUs vest in three equal annual installments on October 15, 2023, October 15, 2024, and October 15, 2025 and each RSU represents a contingent right to receive one share of NJR Common Stock.