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NEW JERSEY RESOURCES CORP — Director's Dealing 2024
Nov 8, 2024
31045_dirs_2024-11-08_fbe6aef4-9de7-481f-b759-4c0c4ccf1f90.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: 2024-11-06
Reporting Person: Bel Roberto (SVP and CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-11-06 | Common Stock | A | 4921 | $46.61 | Acquired | 26168 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-11-06 | Phantom Stock | $ | A | 2411 | Acquired | Common Stock (2411) | Direct | |
| 2024-11-06 | Phantom Stock | $ | F | 57 | Disposed | Common Stock (57) | Direct | |
| 2024-11-06 | Phantom Stock | $ | A | 1976 | Acquired | Common Stock (1976) | Direct | |
| 2024-11-06 | Phantom Stock | $ | F | 47 | Disposed | Common Stock (47) | Direct |
Footnotes
F1: Represents grant of restricted stock units (RSUs) under the New Jersey Resources Corporation (NJR) 2017 Stock Award and Incentive Plan. RSUs vest in three equal annual installments on October 15, 2025, October 15, 2026 and October 15, 2027. Each RSU represents a contingent right to receive one share of NJR Common Stock.
F2: The phantom stock units represent a performance share unit award that has vested and has been deferred pursuant to NJR's Officer Deferred Compensation Plan and is to be paid out in four equal annual installments beginning on January 1, 2028. Each share of phantom stock is the economic equivalent of one share of NJR Common Stock.
F3: Represents shares withheld to pay taxes due upon deferral of performance share unit award.