AI assistant
NEW JERSEY RESOURCES CORP — Director's Dealing 2024
Nov 8, 2024
31045_dirs_2024-11-08_4b84aa1e-3932-46dc-9192-a9671063caa5.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: NEW JERSEY RESOURCES CORP (NJR)
CIK: 0000356309
Period of Report: 2024-11-06
Reporting Person: Westhoven Stephen D (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-11-06 | Common Stock | A | 13025 | $46.94 | Acquired | 192786.229 | Direct |
| 2024-11-06 | Common Stock | F | 6415 | $46.94 | Disposed | 186371.229 | Direct |
| 2024-11-06 | Common Stock | A | 19979 | $46.94 | Acquired | 206350.229 | Direct |
| 2024-11-06 | Common Stock | F | 9840 | $46.94 | Disposed | 196510.229 | Direct |
| 2024-11-06 | Common Stock | A | 24368 | $46.94 | Acquired | 220878.229 | Direct |
| 2024-11-06 | Common Stock | F | 12002 | $46.94 | Disposed | 209004.341 | Direct |
Footnotes
F1: Represents the first tranche of performance-based restricted stock units, previously granted on November 15, 2023, plus 491 accrued dividend equivalents. The second and third tranches will vest on September 30, 2025 and September 30, 2026, 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 124 percent of target (plus 2,021 dividend equivalents), after a 36-month period beginning on October 1, 2021, 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 150 percent of target (plus 2,465 dividend equivalents), after a 36-month period beginning on October 1, 2021, 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.
F5: Total reflects adjustment of 128.112 shares accrued through dividends under the NJR Employee Retirement Savings 401(k) and Employee Stock Ownership Plans.