Form 4 for NJR NEW JERSEY RESOURCES CORP
Accepted 2024-10-02 00:00:00 ET · period of report 2024-09-30 · accession 0000356309-24-000047 · 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 | 2024-10-02 | 2024-09-30 | NJR | Westhoven Stephen D | Pres, CEO, Dir | A - Grant | $47.20 | +19.9K | 183.3K | +12% | +$937.2K |
| M | 2024-10-02 | 2024-09-30 | NJR | Westhoven Stephen D | Pres, CEO, Dir | F - Tax | $47.20 | -10.7K | 177.8K | -6% | -$506.5K |
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 | 2024-09-30 | A | A | 9,655 | $47.20 | 178,360.23 | D | — | — | (F1) Represents third and final vesting of Performance-Based Restricted Stock Units (PBRSUs) previously granted on November 10, 2021, plus accrued dividend equivalents. The applicable performance goal has been satisfied by New Jersey Resources Corporation (NJR) and certified by the Leadership Development and Compensation Committee of the Board of Directors (LDCC). Each PBRSU and dividend equivalent converts into one share of NJR Common Stock upon vesting. |
| 2 | Common | Common Stock | 2024-09-30 | F | D | 5,310 | $47.20 | 173,050.23 | D | — | — | (F2) Represents shares withheld to pay taxes due upon vesting of PBRSUs. |
| 3 | Common | Common Stock | 2024-09-30 | A | A | 10,200 | $47.20 | 183,250.23 | D | — | — | (F3) Represents vesting of the second tranche of PBRSUs, previously granted on November 10, 2022, plus accrued dividend equivalents. The third and final tranche will vest on September 30, 2025. The applicable performance goal has been satisfied by NJR and certified by the LDCC. Each PBRSU and dividend equivalent converts into one share of NJR Common Stock upon vesting. |
| 4 | Common | Common Stock | 2024-09-30 | F | D | 5,421 | $47.20 | 177,829.23 | D | — | — | (F2) Represents shares withheld to pay taxes due upon vesting of PBRSUs. |