M. Susan Hardwick - Jan 6, 2025 Form 4 Insider Report for NEW JERSEY RESOURCES CORP (NJR)

Role
Director
Signature
/s/ Tejal K. Mehta, as attorney-in-fact for M. Susan Hardwick
Stock symbol
NJR
Transactions as of
Jan 6, 2025
Transactions value $
$15,581
Form type
4
Date filed
1/8/2025, 07:59 PM
Previous filing
Feb 15, 2024
Next filing
Jan 23, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NJR Common Stock Options Exercise $46.7K +1.02K +11.55% $45.68 9.87K Jan 6, 2025 Direct F1
transaction NJR Common Stock Options Exercise $63.6K +1.39K +14.11% $45.68 11.3K Jan 6, 2025 Direct F2

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 Phantom Stock Unit Options Exercise -$39.6K -867 -100% $45.68 0 Jan 6, 2025 Common Stock 867 Direct F3, F4
transaction NJR Phantom Stock Unit Options Exercise -$55.1K -1.21K -100% $45.68 0 Jan 6, 2025 Common Stock 1.21K Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the distribution of phantom stock units, including 155 shares for accrued dividends, for the 2020 director fees that were deferred pursuant to the New Jersey Resources Corporation ("NJR") Directors Deferred Compensation Plan. Each share of phantom stock and dividend equivalent is the economic equivalent of one share of NJR Common Stock.
F2 Represents the distribution of phantom stock units, including 185 shares for accrued dividends, for the 2020 restricted stock unit vesting that was deferred pursuant to the NJR Directors Deferred Compensation Plan. Each share of phantom stock and dividend equivalent is the economic equivalent of one share of NJR Common Stock.
F3 Each phantom stock unit is the economic equivalent of one (1) share of NJR Common Stock.
F4 The phantom stock units represent director fees that are deferred pursuant to NJR's Directors Deferred Compensation Plan to be paid in a lump sum in January 2025.
F5 The phantom stock units represent the 2020 restricted stock unit vesting that was deferred pursuant to NJR's Directors Deferred Compensation Plan to be paid in a lump sum in January 2025.