Sharon C. Taylor - 24 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
24 Jan 2024
Net transactions value
+$108,936
Form type
4
Filing time
26 Jan 2024, 15:27:55 UTC
Previous filing
08 Jan 2024
Next filing
08 Jan 2025
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 $108,936 +2,613 +11% $41.69 26,870 24 Jan 2024 Direct F1, 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 Restricted Stock Units Award $0 +3,118 $0.000000 3,118 24 Jan 2024 Common Stock 3,118 Direct F3, F4
transaction NJR Restricted Stock Units Options Exercise $0 -2,521 -100% $0.000000* 0 24 Jan 2024 Common Stock 2,521 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Total shares include 90.926 dividend equivalents accrued on Restricted Stock Units ("RSUs") plus .896 shares for rounding to the next whole share.
F2 Total shares include .306 accrued through the NJR Dividend Reimbursement Plan.
F3 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.
F4 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.
F5 Each RSU represents a contingent right to receive one share of NJR common stock plus dividend equivalents.
F6 Represents 100 percent vesting of RSUs granted on January 25, 2023, pursuant to the Non-Employee Director Compensation Plan, as amended. RSUs converted one for one into shares of NJR common stock.