Michael A. O'Sullivan - Jan 21, 2025 Form 4 Insider Report for NEW JERSEY RESOURCES CORP (NJR)

Role
Director
Signature
/s/ Tejal K. Mehta, as attorney-in-fact for Michael A. O'Sullivan
Stock symbol
NJR
Transactions as of
Jan 21, 2025
Transactions value $
$154,935
Form type
4
Date filed
1/23/2025, 03:13 PM
Previous filing
Jan 26, 2024

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 Restricted Stock Units Award $0 +2.82K $0.00 0 Jan 21, 2025 Common Stock 2.82K Direct F2, F3
transaction NJR Restricted Stock Units Options Exercise $0 -3.12K -100% $0.00 0 Jan 21, 2025 Common Stock 3.12K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Total includes 123.460 dividend equivalents accrued on Restricted Stock Units ("RSUs") plus 0.286 shares for rounding to the next whole share.
F2 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.
F3 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.
F4 Each RSU represents a contingent right to receive one share of NJR common stock plus dividend equivalents.
F5 Represents 100 percent vesting of RSUs granted on January 24, 2024, pursuant to the Non-Employee Director Compensation Plan, as amended. RSUs converted one for one into shares of NJR common stock.