Form 4 for NJR NEW JERSEY RESOURCES CORP
Accepted 2023-11-17 00:00:00 ET · period of report 2023-11-15 · accession 0000356309-23-000076 · 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 | 2023-11-17 | 2023-11-15 | NJR | Westhoven Stephen D | Pres, CEO, Dir | F - Tax | $42.55 | -27.2K | 207.0K | -12% | -$1.16M |
| M | 2023-11-17 | 2023-11-15 | NJR | Westhoven Stephen D | Pres, CEO, Dir | A - Grant | $42.55 | +55.3K | 217.7K | +34% | +$2.35M |
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 | 2023-11-15 | F | D | 11,336 | $42.55 | 218,705.23 | D | — | — | (F2) Represents shares withheld to pay taxes due upon vesting of performance share units. |
| 2 | Common | Common Stock | 2023-11-15 | A | A | 23,017 | $42.55 | 230,041.23 | D | — | — | (F4) Represents number of performance share units, which vested at 150 percent of target (plus 2,357 dividend equivalents), after a 36-month period beginning on October 1, 2020, 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. |
| 3 | Common | Common Stock | 2023-11-15 | A | A | 10,588 | $42.55 | 201,223.23 | D | — | — | (F1) Represents the first tranche of performance-based restricted stock units, previously granted on November 10, 2022, plus 389 accrued dividend equivalents. The second and third tranches will vest on September 30, 2024 and September 30, 2025, respectively. The applicable goal has been satisfied by New Jersey Resources Corporation (NJR) and certified by the Leadership Development and Compensation Committee (LDCC). Each performance-based restricted stock unit and dividend equivalent converts into one share of NJR Common Stock upon vesting. |
| 4 | Common | Common Stock | 2023-11-15 | F | D | 5,215 | $42.55 | 196,008.23 | D | — | — | (F2) Represents shares withheld to pay taxes due upon vesting of performance share units. |
| 5 | Common | Common Stock | 2023-11-15 | A | A | 21,707 | $42.55 | 217,715.23 | D | — | — | (F3) Represents number of performance share units, which vested at 150 percent of target (plus 2,220 dividend equivalents), after a 36-month period beginning on October 1, 2020, 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. |
| 6 | Common | Common Stock | 2023-11-15 | F | D | 10,691 | $42.55 | 207,024.23 | D | — | — | (F2) Represents shares withheld to pay taxes due upon vesting of performance share units. |