Richard Reich - 10 Nov 2021 Form 4 Insider Report for NEW JERSEY RESOURCES CORP (NJR)

Role
SVP, Gen Counsel and Corp Sec
Signature
/s/Richard Reich
Issuer symbol
NJR
Transactions as of
10 Nov 2021
Net transactions value
+$322,722
Form type
4
Filing time
12 Nov 2021, 19:36:11 UTC
Previous filing
19 Oct 2021
Next filing
18 Oct 2022
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 $14,254 +367 +5.8% $38.84 6,676 10 Nov 2021 Direct F1
transaction NJR Common Stock Tax liability $7,030 -181 -2.7% $38.84 6,495 10 Nov 2021 Direct F2
transaction NJR Common Stock Award $157,496 +4,055 +62% $38.84 10,550 10 Nov 2021 Direct F3
transaction NJR Common Stock Award $158,001 +4,068 +39% $38.84 14,618 10 Nov 2021 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents number of performance share units, which vested at 93 percent of target (plus 36 dividend equivalents), after a 36-month period beginning on October 1, 2018, upon certification by the Leadership Development and Compensation Committee (LDCC) of New Jersey Resources Corporation's (NJR's) performance versus the applicable performance goal. Performance share units and dividend equivalents convert into one share of NJR Common Stock upon vesting.
F2 Represents shares withheld to pay taxes due upon vesting of performance share units.
F3 Represents grant of restricted stock units (RSUs) under the 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.
F4 Represents grant of deferred retention stock units (DRSUs) under the NJR 2017 Stock Award and Incentive Plan. Each DRSU will vest on October 15, 2024 and each DRSU represents a contingent right to receive one share of NJR Common Stock.