Sharon C. Taylor - Jan 5, 2023 Form 4 Insider Report for NEW JERSEY RESOURCES CORP (NJR)

Role
Director
Signature
/s/ Tejal K. Mehta, as attorney-in-fact for Sharon C. Taylor
Stock symbol
NJR
Transactions as of
Jan 5, 2023
Transactions value $
$11,365
Form type
4
Date filed
1/9/2023, 07:19 PM
Previous filing
Jan 28, 2022
Next filing
Jan 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NJR Common Stock Options Exercise $76.5K +1.55K +9.33% $49.31 18.2K Jan 5, 2023 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 -$65.1K -1.32K -8.14% $49.31 14.9K Jan 5, 2023 Common Stock 1.32K Direct F2, F3
* 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 231 dividend shares through the New Jersey Resources Corporation ("NJR") Directors Deferred Compensation Plan.
F2 Each Phantom Stock Unit is the economic equivalent of one (1) share of NJR Common Stock.
F3 The Phantom Stock Units represent the the first distribution of the 2018 director fees that were deferred pursuant to the NJR Directors Deferred Compensation Plan to be paid in NJR Common stock in three installments beginning in January 2023.