Jacqueline K. Shea - Jan 4, 2024 Form 4 Insider Report for NEW JERSEY RESOURCES CORP (NJR)

Role
SVP, Chief Information Officer
Signature
/s/ Tejal K. Mehta, as attorney-in-fact for Jacqueline K. Shea
Stock symbol
NJR
Transactions as of
Jan 4, 2024
Transactions value $
-$25,198
Form type
4
Date filed
1/8/2024, 05:27 PM
Previous filing
Nov 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NJR Common Stock Options Exercise $47K +1.04K +3.45% $45.32 31.1K Jan 4, 2024 Direct F1
transaction NJR Common Stock Tax liability -$26.8K -592 -1.9% $45.32 30.5K Jan 4, 2024 Direct F2

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 Options Exercise -$45.4K -1K -52.53% $45.32 905 Jan 4, 2024 Common Stock 1.04K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the fourth distribution of phantom stock units representing performance share units that vested in November 2019 and were deferred pursuant to the New Jersey Resources ("NJR") Officers Deferred Compensation Plan. The remaining shares will be distributed in January 2025. Each share of phantom stock and dividend equivalent is the economic equivalent of one share of NJR Common Stock.
F2 Represents shares withheld to cover taxes of deferred compensation distribution.
F3 Each Phantom Stock Unit is the economic equivalent of one (1) share of NJR Common Stock.