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NEW JERSEY RESOURCES CORP — Director's Dealing 2022
Nov 15, 2022
31045_dirs_2022-11-14_4b54786d-b3e3-4b22-b0af-8e4e300519c6.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: NEW JERSEY RESOURCES CORP (NJR)
CIK: 0000356309
Period of Report: 2022-11-09
Reporting Person: Westhoven Stephen D (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-11-09 | Common Stock | A | 9989 | $43.92 | Acquired | 178433.65 | Direct |
| 2022-11-09 | Common Stock | F | 4920 | $43.92 | Disposed | 173513.65 | Direct |
| 2022-11-09 | Common Stock | A | 10821 | $43.92 | Acquired | 184334.65 | Direct |
| 2022-11-09 | Common Stock | F | 5330 | $43.92 | Disposed | 179004.65 | Direct |
| 2022-11-09 | Common Stock | A | 12546 | $43.92 | Acquired | 191550.65 | Direct |
| 2022-11-09 | Common Stock | F | 6179 | $43.92 | Disposed | 185371.65 | Direct |
Footnotes
F1: Represents the first tranche of performance-based restricted stock units, previously granted on November 10, 2021, plus 334 accrued dividend equivalents. The second and third tranches will vest on September 30, 2023 and September 30, 2024, 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.
F2: Represents shares withheld to pay taxes due upon vesting of performance share units.
F3: Represents number of performance share units, which vested at 105 percent of target (plus 1,125 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.
F4: Represents number of performance share units, which vested at 112 percent of target (plus 1,305 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.