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NEW JERSEY RESOURCES CORP — Director's Dealing 2023
Jan 10, 2023
31045_dirs_2023-01-09_18acab66-f8a6-4bfd-8def-04940ff0d154.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: 2023-01-05
Reporting Person: Shea Jacqueline K (SVP, Chief Information Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-01-05 | Common Stock | M | 1002 | — | Acquired | 25067.596 | Direct |
| 2023-01-05 | Common Stock | F | 471 | $49.31 | Disposed | 24596.596 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-01-05 | Phantom Stock | $ | M | 1002 | Disposed | Common Stock (1002.0) | Direct |
Footnotes
F1: Represents the third distribution of phantom stock units representing performance share units that vested in November 2019 and were deferred pursuant to the New Jersey Resources ("NJR") Officers Deferred Compensation Plan. The remaining shares will be distributed in equal installments in January 2024 and 2025. Each share of phantom stock and dividend equivalent is the economic equivalent of one share of NJR Common Stock.
F2: Represents shares withheld to cover taxes of deferred compensation distribution.
F3: Each Phantom Stock Unit is the economic equivalent of one (1) share of NJR Common Stock.