M. William Howard Jr. - 10 Jan 2022 Form 4 Insider Report for NEW JERSEY RESOURCES CORP (NJR)

Reporting relationship: Director
Issuer ticker: NJR
Reported as of: 10 Jan 2022
Net transaction value: $0
SEC form: 4
Accepted by SEC: 12 Jan 2022, 10:02:32 UTC
Prior SEC filing: 27 May 2021
Source filing: View source filing
Reporting owner signature: /s/ Richard Reich, as attorney-in-fact for M. William Howard, Jr.

Key filing fact

M. William Howard Jr. filed Form 4 for NEW JERSEY RESOURCES CORP (NJR) on 12 Jan 2022.

Key facts

This page summarizes M. William Howard Jr.'s Form 4 filing for NEW JERSEY RESOURCES CORP (NJR).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 12 Jan 2022, 10:02.

Change

Previous filing in this sequence was filed on 27 May 2021.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

NJR transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +3,324
Change %: +23%
Price: $0.000000
Shares after: 17,581
Date: 10 Jan 2022
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

NJR transaction Derivative

Phantom Stock Units

Options Exercise

Transaction value: $0
Shares: -3,324
Change %: -37%
Price: $0.000000
Shares after: 5,732
Date: 10 Jan 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,324
Exercise price
Footnotes: F2, F3, F4, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Total includes an accrual of 475.371 shares of dividends through the New Jersey Resources Corporation (NJR) Directors' Deferred Compensation Plan; value of .371 shares of NJR Common Stock was distributed in cash.

Footnote F2

Each Phantom Stock Unit is the economic equivalent of one (1) share of NJR Common Stock.

Footnote F3

The Phantom Stock Units represent director fees for 2017 that were deferred pursuant to the NJR Directors' Deferred Compensation Plan and are being paid out in a lump sum as previously elected by the director.

Footnote F4

The Phantom Stock Units represent director fees for 2018 and 2019 that are deferred pursuant to the NJR Directors' Deferred Compensation Plan and will be paid out over five annual installments beginning in 2023 and 2024, respectively.

Footnote F5

Total includes an accrual of 625.376 shares of dividends through NJR's Directors Deferred Compensation Plan.