Borkowski Maureen A 4
4 · NEW JERSEY RESOURCES CORP · Filed Jan 3, 2018
Insider Transaction Report
Form 4
Borkowski Maureen A
Director
Transactions
- Award
Phantom Stock Units
2018-01-02$39.85/sh+2,635$105,005→ 3,346.29 total→ Common Stock (2,635 underlying)
Footnotes (3)
- [F1]Each Phatom Stock Unit is the economic equivalent of one (1) share of New Jersey Resources Corporation (NJR) Common Stock
- [F2]The Phantom Stock Units represent director fees that are deferred pursuant to NJR's Directors Deferred Compensation Plan and are to be paid in 5 equal annual payments in NJR Common Stock beginning in January of 2023 or, if earlier, when Ms. Borkowski ceases to be a Director.
- [F3]Total includes an accrual of 9.290 shares of NJR Common Stock through the NJR Dividend Reinvestment Plan.