Patrick J. Migliaccio - Oct 15, 2023 Form 4 Insider Report for NEW JERSEY RESOURCES CORP (NJR)

Role
Senior VP and COO, NJNG
Signature
/s/ Tejal K. Mehta, as attorney-in-fact for Patrick J. Migliaccio
Stock symbol
NJR
Transactions as of
Oct 15, 2023
Transactions value $
-$170,471
Form type
4
Date filed
10/16/2023, 09:11 PM
Previous filing
Mar 8, 2023
Next filing
Nov 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NJR Common Stock Tax liability -$61.6K -1.47K -3.81% $42.05 37K Oct 15, 2023 Direct F1, F2
transaction NJR Common Stock Tax liability -$62.3K -1.48K -3.99% $42.05 35.7K Oct 15, 2023 Direct F3, F4
transaction NJR Common Stock Tax liability -$46.5K -1.11K -3.07% $42.05 34.9K Oct 15, 2023 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld to pay taxes due upon vesting of the third and final tranche of the Restricted Stock Unit (RSU) award previously granted on November 9, 2020.
F2 Total adjusted for 302 accrued dividend equivalents payable upon vesting of RSUs. Each RSU and dividend equivalent converts into one share of New Jersey Resources Corporation (NJR) Common Stock upon vesting.
F3 Represents shares withheld to pay taxes due upon vesting of the second tranche of the RSU award previously granted on November 10, 2021. The final tranche will vest on October 15, 2024.
F4 Total adjusted for 206 accrued dividend equivalents payable upon vesting of RSUs. Each RSU and dividend equivalent converts into one share of NJR Common Stock upon vesting.
F5 Represents shares withheld to pay taxes due upon vesting of the first tranche of the RSU award previously granted on November 10, 2022. The second and third tranches will vest on October 15, 2024 and October 15, 2025, respectively.
F6 Total adjusted for 83 accrued dividend equivalents payable upon vesting of RSUs and includes 211.980 shares accrued through dividends under the NJR Employee Retirement Savings 401(k) Plan. Each RSU and dividend equivalent converts into one share of NJR Common Stock upon vesting.