Sharon C. Taylor - Jan 25, 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 25, 2023
Transactions value $
$150,822
Form type
4
Date filed
1/27/2023, 03:13 PM
Previous filing
Jan 9, 2023
Next filing
Jan 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NJR Common Stock Options Exercise $151K +3.04K +16.74% $49.58 21.2K Jan 25, 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 Restricted Stock Units Award $0 +2.52K $0.00 2.52K Jan 25, 2023 Common Stock 2.52K Direct F2, F3
transaction NJR Restricted Stock Units Options Exercise $0 -2.94K -100% $0.00* 0 Jan 25, 2023 Common Stock 2.94K Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Total shares include 99.326 dividend equivalents accrued on Restricted Stock Units ("RSUs") plus .745 shares for rounding to the next whole share.
F2 Represents the annual RSU retainer pursuant to the Non-Employee Director Compensation Plan, as amended. Each RSU represents a contingent right to receive one share of New Jersey Resources Corporation ("NJR") common stock plus dividend equivalents.
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.
F4 Represents 100 percent vesting of RSUs granted on January 26, 2022, pursuant to the Non-Employee Director Compensation Plan, as amended. RSUs converted one for one into shares of NJR common stock.