LOCKWOOD GLENN C 4
4 · NEW JERSEY RESOURCES CORP · Filed Nov 15, 2018
Insider Transaction Report
Form 4
LOCKWOOD GLENN C
Senior, V.P. & CFO
Transactions
- Exercise/Conversion
Common Stock
2018-11-13+2,178→ 202,275.743 total - Tax Payment
Common Stock
2018-11-13$47.98/sh−1,151$55,225→ 201,124.743 total - Exercise/Conversion
Common Stock
2018-11-13+1,829→ 203,522.743 total - Tax Payment
Common Stock
2018-11-13$47.98/sh−1,182$56,712→ 202,340.743 total - Exercise/Conversion
Performance Shares
2018-11-13−2,178→ 0 total→ Common Stock (2,178 underlying) - Exercise/Conversion
Performance Shares
2018-11-13−1,829→ 0 total→ Common Stock (1,829 underlying)
Footnotes (5)
- [F1]Total has been adjusted downward by 22 shares to reflect Performance Shares vesting at 99% of target plus 180 shares for dividend accrued equivalents upon vesting of the award. Each dividend equivalent converts into 1 share of New Jersey Resources Corporation (NJR) Common Stock upon vesting.
- [F2]Represents shares withheld to pay taxes due upon vesting of Performance Share awards.
- [F3]Total has been adjusted upward by 384 shares to reflect Performance Shares vesting at 121% of target plus 185 shares for accrued dividend equivalents upon vesting of the award. Each dividend equivalent converts into 1 share of NJR Common Stock upon vesting.
- [F4]Represents number of Performance Shares, which vested at 99% of the target (plus accrued dividends) after a 36-month period beginning on October 1, 2015, upon certification by the Leadership Development and Compensation Committee of NJR's performance versus the applicable performance goals. Performance Shares converted 1 for 1 into shares of NJR Common Stock. There is no purchase or sale price upon vesting of the Performance Shares.
- [F5]Represents number of Performance Shares, which vested at 121% of the target (plus accrued dividends) after a 36-month period beginning on October 1, 2015, upon certification by the Leadership Development and Compensation Committee of NJR's performance versus the applicable performance goals. Performance Shares converted 1 for 1 into shares of NJR Common Stock. There is no purchase or sale price upon vesting of the Performance Shares.