Amy Cradic - 09 Nov 2022 Form 4 Insider Report for NEW JERSEY RESOURCES CORP (NJR)

Role
SVP & COO Non-Utility Business
Signature
/s/ Tejal K. Mehta, as attorney-in-fact for Amy Cradic
Issuer symbol
NJR
Transactions as of
09 Nov 2022
Transactions value $
$377,723
Form type
4
Filing time
14 Nov 2022, 17:26:38 UTC
Previous filing
18 Oct 2022
Next filing
16 Oct 2023
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 $95,042 +2,164 +12.73% $43.92 19,157 09 Nov 2022 Direct F1
transaction NJR Common Stock Tax liability -$40,318 -918 -4.79% $43.92 18,239 09 Nov 2022 Direct F2
transaction NJR Common Stock Award $110,195 +2,509 +13.76% $43.92 20,748 09 Nov 2022 Direct F3
transaction NJR Common Stock Tax liability -$46,774 -1,065 -5.13% $43.92 19,683 09 Nov 2022 Direct F2
transaction NJR Common Stock Award $259,578 +5,643 +28.67% $46 25,326 10 Nov 2022 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 105 percent of target (plus 225 dividend equivalents), after a 36-month period beginning on October 1, 2019, upon certification by the Leadership Development and Compensation Committee (LDCC) of New Jersey Resources Corporation's (NJR) 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 number of performance share units, which vested at 112 percent of target (plus 261 dividend equivalents), after a 36-month period beginning on October 1, 2019, upon certification by the LDCC of NJR's performance versus the applicable performance goal. Performance share units and dividend equivalents convert into one share of NJR Common Stock upon vesting.
F4 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, 2023, October 15, 2024, and October 15, 2025 and each RSU represents a contingent right to receive one share of NJR Common Stock.