Sharon C. Taylor - 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 Sharon C. Taylor
Stock symbol
NJR
Transactions as of
Jan 6, 2025
Transactions value $
$28,844
Form type
4
Date filed
1/8/2025, 07:59 PM
Previous filing
Jan 26, 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 $76.3K +1.67K +6.22% $45.68 28.5K Jan 6, 2025 Direct F1
transaction NJR Common Stock Options Exercise $68K +1.49K +5.21% $45.68 30K Jan 6, 2025 Direct F2, F3

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 -$60.3K -1.32K -100% $45.68 0 Jan 6, 2025 Common Stock 1.32K Direct F4, F5
transaction NJR Phantom Stock Unit Options Exercise -$55.1K -1.21K -50% $45.68 1.21K Jan 6, 2025 Common Stock 1.21K Direct F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the third and final distribution of phantom stock units, including 350 shares for accrued dividends, for the 2018 director fees that were deferred pursuant to the New Jersey Resources ("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 second distribution of phantom stock units, including 281 shares for accrued dividends, for the 2019 director fees that were deferred pursuant to the NJR Directors' Deferred Compensation Plan. The final distribution will take place in January 2026. Each share of phantom stock and dividend equivalent is the economic equivalent of one share of NJR Common Stock.
F3 Total adjusted for .182 accrued dividends under the NJR Dividend and Reinvestment Plan.
F4 Each Phantom Stock Unit is the economic equivalent of one (1) share of NJR Common Stock.
F5 The Phantom Stock Units represent the 2018 director fees that were deferred pursuant to the NJR Directors Deferred Compensation Plan to be paid in NJR Common stock in three installments beginning in January 2023.
F6 The Phantom Stock Units represent the 2019 director fees that were deferred pursuant to the NJR Directors Deferred Compensation Plan to be paid in NJR Common stock in three installments beginning in January 2024.