Form 4 for NJR NEW JERSEY RESOURCES CORP

Accepted 2021-11-12 00:00:00 ET · period of report 2021-11-10 · accession 0000356309-21-000088 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
	2021-11-12	2021-11-10	NJR	Shea Timothy F.	VP, Subsidiary	F - Tax	$38.84	-1,004	24.0K	-4%	-$39.0K
M	2021-11-12	2021-11-10	NJR	Shea Timothy F.	VP, Subsidiary	A - Grant	$38.84	+30.4K	25.1K	New	+$1.18M

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2021-11-10	F	D	1,004	$38.84	24,049.37	D	—	—	(F2) Represents shares withheld to pay taxes due upon vesting of performance share units.
2	Common	Common Stock	2021-11-10	A	A	28,321	$38.84	52,377.37	D	—	—	(F3) 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. (F4) Total reflects adjustment for dividend accrual.
3	Common	Common Stock	2021-11-10	A	A	2,037	$38.84	25,053.37	D	—	—	(F1) Represents number of performance share units, which vested at 93 percent of target (plus 196 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.