Mark F. Valori - 10 Nov 2021 Form 4 Insider Report for NEW JERSEY RESOURCES CORP (NJR)

Reporting relationship: Vice President, Subsidiary
Issuer ticker: NJR
Reported as of: 10 Nov 2021
Net transaction value: +$119,083
SEC form: 4
Accepted by SEC: 12 Nov 2021, 19:38:34 UTC
Prior SEC filing: 19 Oct 2021
Source filing: View source filing
Reporting owner signature: /s/ Richard Reich, as attorney-in-fact for Mark F. Valori

Key filing fact

Mark F. Valori filed Form 4 for NEW JERSEY RESOURCES CORP (NJR) on 12 Nov 2021.

Key facts

This page summarizes Mark F. Valori's Form 4 filing for NEW JERSEY RESOURCES CORP (NJR).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 12 Nov 2021, 19:38.

Change

Previous filing in this sequence was filed on 19 Oct 2021.
Current net transaction value: +$119,083.

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

Award

Transaction value: $94,070
Shares: +2,422
Change %: +20%
Price: $38.84
Shares after: 14,681
Date: 10 Nov 2021
Ownership: Direct
Footnotes: F1, F2

Reported derivative securities

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

NJR transaction Derivative

Phantom Stock

Award

Transaction value: $25,013
Shares: +644
Change %
Price: $38.84
Shares after: 644
Date: 10 Nov 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 644
Exercise price
Footnotes: F3

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote 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, 2022, October 15, 2023, and October 15, 2024 and each RSU represents a contingent right to receive one share of NJR Common Stock.

Footnote F2

Total reflects adjustment for dividend accrual.

Footnote F3

The phantom stock represents performance share unit awards that have vested and have been deferred pursuant to NJR's Officer Deferred Compensation Plan and are to be paid out in a lump sum upon the officer's retirement. Each share of phantom stock is the economic equivalent of one share of NJR Common Stock.