Jacqueline K. Shea - Jan 5, 2023 Form 4 Insider Report for NEW JERSEY RESOURCES CORP (NJR)

Role
SVP, Chief Information Officer
Signature
/s/ Tejal K. Mehta, as attorney-in-fact for Jacqueline K. Shea
Stock symbol
NJR
Transactions as of
Jan 5, 2023
Transactions value $
-$72,634
Form type
4
Date filed
1/9/2023, 07:19 PM
Previous filing
Nov 14, 2022
Next filing
Oct 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NJR Common Stock Options Exercise $0 +1K +4.16% $0.00 25.1K Jan 5, 2023 Direct F1
transaction NJR Common Stock Tax liability -$23.2K -471 -1.88% $49.31 24.6K Jan 5, 2023 Direct 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 Options Exercise -$49.4K -1K -34.44% $49.31 1.91K Jan 5, 2023 Common Stock 1K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the third 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 2024 and 2025. Each share of phantom stock and dividend equivalent is the economic equivalent of one share of NJR Common Stock.
F2 Represents shares withheld to cover taxes of deferred compensation distribution.
F3 Each Phantom Stock Unit is the economic equivalent of one (1) share of NJR Common Stock.