Amy Cradic - Nov 15, 2023 Form 4 Insider Report for NEW JERSEY RESOURCES CORP (NJR)

Role
SVP & COO Non-Utility Business
Signature
/s/ Tejal K. Mehta, as attorney-in-fact for Amy Cradic
Stock symbol
NJR
Transactions as of
Nov 15, 2023
Transactions value $
$520,004
Form type
4
Date filed
11/17/2023, 09:17 PM
Previous filing
Oct 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction NJR Common Stock Award $266K +6.25K +27.29% $42.55 29.1K Nov 15, 2023 Direct F1
transaction NJR Common Stock Award $227K +5.34K +18.33% $42.55 34.5K Nov 15, 2023 Direct F2
transaction NJR Common Stock Tax liability -$96.5K -2.27K -6.57% $42.55 32.2K Nov 15, 2023 Direct F3
transaction NJR Common Stock Award $214K +5.03K +15.62% $42.55 37.3K Nov 15, 2023 Direct F4
transaction NJR Common Stock Tax liability -$90.8K -2.14K -5.73% $42.55 35.1K Nov 15, 2023 Direct F3

Explanation of Responses:

Id Content
F1 Represents grant of restricted stock units (RSUs) under the New Jersey Resources Corporation (NJR) 2017 Stock Award and Incentive Plan. RSUs vest in three equal annual installments on October 15, 2024, October 15, 2025 and October 15, 2026, and each RSU represents a contingent right to receive one share of NJR Common Stock.
F2 Represents number of performance share units, which vested at 150 percent of target (plus 548 dividend equivalents), after a 36-month period beginning on October 1, 2020, upon certification by the Leadership Development and Compensation Committee (LDCC) of NJR performance versus the applicable performance goal. Performance share units and dividend equivalents convert into one share of NJR Common Stock upon vesting.
F3 Represents shares withheld to pay taxes due upon vesting of performance share units.
F4 Represents number of performance share units, which vested at 150 percent of target (plus 512 dividend equivalents), after a 36-month period beginning on October 1, 2020, upon certification by the LDCC of NJR's performance versus the applicable performance goal. Performance share units and dividend equivalents convert into one share of NJR Common Stock upon vesting.