Roberto Bel - 06 Nov 2024 Form 4 Insider Report for NEW JERSEY RESOURCES CORP (NJR)

Role
SVP and CFO
Signature
/s/Tejal K. Mehta, as attorney-in-fact for Roberto F. Bel
Issuer symbol
NJR
Transactions as of
06 Nov 2024
Net transactions value
+$430,412
Form type
4
Filing time
08 Nov 2024, 17:25:13 UTC
Previous filing
17 Oct 2024
Next filing
25 Mar 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 Award $229,368 +4,921 +23% $46.61 26,168 06 Nov 2024 Direct F1

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 Award $113,172 +2,411 $46.94 2,411 06 Nov 2024 Common Stock 2,411 Direct F2
transaction NJR Phantom Stock Tax liability $2,676 -57 -2.4% $46.94 2,354 06 Nov 2024 Common Stock 57 Direct F2, F3
transaction NJR Phantom Stock Award $92,753 +1,976 +84% $46.94 4,330 06 Nov 2024 Common Stock 1,976 Direct F2
transaction NJR Phantom Stock Tax liability $2,206 -47 -1.1% $46.94 4,283 06 Nov 2024 Common Stock 47 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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, 2025, October 15, 2026 and October 15, 2027. Each RSU represents a contingent right to receive one share of NJR Common Stock.
F2 The phantom stock units represent a performance share unit award that has vested and has been deferred pursuant to NJR's Officer Deferred Compensation Plan and is to be paid out in four equal annual installments beginning on January 1, 2028. Each share of phantom stock is the economic equivalent of one share of NJR Common Stock.
F3 Represents shares withheld to pay taxes due upon deferral of performance share unit award.