Jacqueline K. Shea - Jan 6, 2025 Form 4 Insider Report for NEW JERSEY RESOURCES CORP (NJR)

Role
SVP, Chief Information Officer
Signature
/s/ Tejal K. Mehta, as attorney-in-fact for Jacqueline K. Shea
Stock symbol
NJR
Transactions as of
Jan 6, 2025
Transactions value $
-$28,133
Form type
4
Date filed
1/8/2025, 07:59 PM
Previous filing
Nov 8, 2024
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 $49.3K +1.08K +3.13% $45.68 35.6K Jan 6, 2025 Direct F1
transaction NJR Common Stock Tax liability -$28.1K -615 -1.72% $45.68 35.2K 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 Options Exercise -$49.3K -1.08K -100% $45.68 0 Jan 6, 2025 Common Stock 1.08K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the fifth and final distribution of phantom stock units representing performance share units that vested in November 2019 and were deferred pursuant to the New Jersey Resources ("NJR") Officers Deferred Compensation Plan. Each share of phantom stock and dividend equivalent is the economic equivalent of one share of NJR Common Stock.
F2 Represents shares withheld to cover taxes of deferred compensation distribution.
F3 Total adjusted for 259.421 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.