Form 4 for NJR NEW JERSEY RESOURCES CORP
Accepted 2022-11-14 00:00:00 ET · period of report 2022-11-09 · accession 0000356309-22-000091 · 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 | 2022-11-14 | 2022-11-09+ | NJR | Reich Richard | SVP, Gen Counsel | A - Grant | $45.43 | +5,719 | 18.7K | +44% | +$259.8K |
| M | 2022-11-14 | 2022-11-09 | NJR | Reich Richard | SVP, Gen Counsel | F - Tax | $43.92 | -768 | 14.5K | -5% | -$33.7K |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-11-09 | A | A | 836 | $43.92 | 14,906.33 | D | — | — | (F3) Represents number of performance share units, which vested at 112 percent of target (plus 87 dividend equivalents), after a 36-month period beginning on October 1, 2019, upon certification by the LDCC of NJR's performance versus the applicable performance goal. Performance share units and dividend equivalents convert into one share of NJR Common Stock upon vesting. |
| 2 | Common | Common Stock | 2022-11-09 | F | D | 356 | $43.92 | 14,070.33 | D | — | — | (F2) Represents shares withheld to pay taxes due upon vesting of performance share units. |
| 3 | Common | Common Stock | 2022-11-09 | A | A | 722 | $43.92 | 14,426.33 | D | — | — | (F1) Represents number of performance share units, which vested at 105 percent of target (plus 75 dividend equivalents), after a 36-month period beginning on October 1, 2019, upon certification by the Leadership Development and Compensation Committee (LDCC) of New Jersey Resources Corporation's (NJR) performance versus the applicable performance goal. Performance share units and dividend equivalents convert into one share of NJR Common Stock upon vesting. |
| 4 | Common | Common Stock | 2022-11-09 | F | D | 412 | $43.92 | 14,494.33 | D | — | — | (F2) Represents shares withheld to pay taxes due upon vesting of performance share units. |
| 5 | Common | Common Stock | 2022-11-10 | A | A | 4,161 | $46.00 | 18,655.33 | D | — | — | (F4) 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, 2023, October 15, 2024, and October 15, 2025 and each RSU represents a contingent right to receive one share of NJR Common Stock. |