Sharon C. Taylor - 04 Jan 2024 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
Issuer symbol
NJR
Transactions as of
04 Jan 2024
Net transactions value
+$23,178
Form type
4
Filing time
08 Jan 2024, 17:27:53 UTC
Previous filing
27 Jan 2023
Next filing
26 Jan 2024
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 $72,829 +1,607 +7.6% $45.32 22,824 04 Jan 2024 Direct F1
transaction NJR Common Stock Options Exercise $64,898 +1,432 +6.3% $45.32 24,256 04 Jan 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 Unit Options Exercise $59,846 -1,321 -50% $45.32 1,321 04 Jan 2024 Common Stock 1,321 Direct F3, F4
transaction NJR Phantom Stock Unit Options Exercise $54,704 -1,207 -50% $45.32 1,207 04 Jan 2024 Common Stock 1,207 Direct F3, F5
* 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 231.138 dividend shares through the New Jersey Resources Corporation ("NJR") Directors Deferred Compensation Plan.
F2 Total includes an accrual of 225.022 dividend shares through the NJR Directors Deferred Compensation Plan.
F3 Each Phantom Stock Unit is the economic equivalent of one (1) share of NJR Common Stock.
F4 The Phantom Stock Units represent the second distribution of the 2018 director fees that were deferred pursuant to the NJR Directors Deferred Compensation Plan to be paid in NJR Common stock in three installments beginning in January 2023.
F5 The Phantom Stock Units represent the first distribution of the 2019 director fees that were deferred pursuant to the NJR Directors Deferred Compensation Plan to be paid in NJR Common stock in three installments beginning in January 2024.