Jane M. Kenny - 05 Jan 2023 Form 4 Insider Report for NEW JERSEY RESOURCES CORP (NJR)

Role
Director
Signature
/s/ Tejal K. Mehta, as attorney-in-fact for Jane M. Kenny
Issuer symbol
NJR
Transactions as of
05 Jan 2023
Net transactions value
-$129,932
Form type
4
Filing time
09 Jan 2023, 19:19:50 UTC
Previous filing
28 Jan 2022
Next filing
27 Jan 2023
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 +3,096 +14% $0.000000 26,014 05 Jan 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 $129,932 -2,635 -46% $49.31 3,097 05 Jan 2023 Common Stock 2,635 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 461.220 shares of dividends 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 2018 director fees that were deferred pursuant to the NJR Directors Deferred Compensation Plan to be paid in NJR Common stock in one lump sum in January 2023.