Jane M. Kenny - Jan 6, 2025 Form 4 Insider Report for NEW JERSEY RESOURCES CORP (NJR)

Role
Director
Signature
/s/ Tejal K. Mehta, as attorney-in-fact for Jane M. Kenny
Stock symbol
NJR
Transactions as of
Jan 6, 2025
Transactions value $
$18,546
Form type
4
Date filed
1/8/2025, 07:59 PM
Previous filing
Jun 14, 2024
Next filing
Jan 23, 2025

Transactions Table

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 -$121K -2.64K -100% $45.68 0 Jan 6, 2025 Common Stock 2.64K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the distribution of phantom stock units, including 406 shares for accrued dividends, for the 2020 restricted stock unit vesting that was deferred pursuant to the New Jersey Resources Corporation ("NJR") Directors Deferred Compensation Plan. Each share of phantom stock and dividend equivalent is the economic equivalent of one share of NJR Common Stock.
F2 Each phantom stock unit is the economic equivalent of one (1) share of NJR Common Stock.
F3 The phantom stock units represent the 2020 restricted stock unit vesting that was deferred pursuant to the NJR Directors Deferred Compensation Plan to be paid in NJR Common Stock in one lump sum in January 2025.