DOWNES LAURENCE M 4
4 · NEW JERSEY RESOURCES CORP · Filed Sep 3, 2019
Insider Transaction Report
Form 4
DOWNES LAURENCE M
DirectorChairman, President & CEO
Transactions
- Exercise/Conversion
Performance Shares
2019-08-31−370.313→ 358.37 total→ Common Stock (370.313 underlying) - Tax Payment
Common Stock
2019-08-31$45.47/sh−192$8,730→ 405,768.437 total - Exercise/Conversion
Common Stock
2019-08-31$45.74/sh+389$17,793→ 405,961.385 total
Footnotes (4)
- [F1]Total reflects adjustment for accrued dividend equivalents payable upon vesting of Performance-Based Restricted Stock Units. Each Performance-Based Restricted Stock Unit and dividend equivalent converts into one share of New Jersey Resources Corporation (NJR) Common Stock upon vesting.
- [F2]Represents shares withheld to pay taxes related to monthly vesting of Performance-Based Restricted Stock Units.
- [F3]Total has been adjusted to reflect de minimus adjustment for broker fees.
- [F4]Represents pro-rata monthly vesting of Performance-Based Restricted Stock Units due to satisfaction of applicable goal and eligibility of the executive for retirement. Each Performance-Based Restricted Stock Unit converts into one share of NJR Common Stock upon vesting.