Amy Cradic - Oct 15, 2024 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
Oct 15, 2024
Transactions value $
-$138,059
Form type
4
Date filed
10/17/2024, 08:09 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 Tax liability -$55K -1.18K -3.34% $46.61 34.2K Oct 15, 2024 Direct F1, F2
transaction NJR Common Stock Tax liability -$40.2K -862 -2.51% $46.61 33.5K Oct 15, 2024 Direct F3, F4
transaction NJR Common Stock Tax liability -$42.8K -919 -2.73% $46.61 32.7K Oct 15, 2024 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 10, 2021.
F2 Total adjusted for 291 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, 2022. The final tranche will vest on October 15, 2025.
F4 Total adjusted for 151 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 15, 2023. The second and third tranches will vest on October 15, 2025 and October 15, 2026, respectively.
F6 Total adjusted for 83 accrued dividend equivalents payable upon vesting of RSUs. Each RSU and dividend equivalent converts into one share of NJR Common Stock upon vesting.