Form 4 for NJR NEW JERSEY RESOURCES CORP

Accepted 2021-11-12 00:00:00 ET · period of report 2021-11-10 · accession 0000356309-21-000092 · 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
M	2021-11-12	2021-11-10	NJR	Mullan Amanda	Senior VP, Chief HR Off	A - Grant	$38.84	+7,254	30.9K	+31%	+$281.7K
	2021-11-12	2021-11-10	NJR	Mullan Amanda	Senior VP, Chief HR Off	F - Tax	$38.84	-955	30.0K	-3%	-$37.1K

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	A	A	5,316	$38.84	35,287.57	D	—	—	(F3) 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, 2022, October 15, 2023, and October 15, 2024 and each RSU represents a contingent right to receive one share of NJR Common Stock. (F4) Total reflects adjustment for dividend accrual.
2	Common	Common Stock	2021-11-10	A	A	1,938	$38.84	30,924.57	D	—	—	(F1) Represents number of performance share units, which vested at 93 percent of target (plus 186 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.
3	Common	Common Stock	2021-11-10	F	D	955	$38.84	29,969.57	D	—	—	(F2) Represents shares withheld to pay taxes due upon vesting of performance share units.