DOWNES LAURENCE M 4
4 · NEW JERSEY RESOURCES CORP · Filed Oct 2, 2019
Insider Transaction Report
Form 4
DOWNES LAURENCE M
DirectorChairman, President & CEO
Transactions
- Tax Payment
Common Stock
2019-09-30$45.22/sh−199$8,999→ 405,971.437 total - Exercise/Conversion
Common Stock
2019-09-30−12,730→ 0 total→ Performance Shares (12,730 underlying) - Exercise/Conversion
Common Stock
2019-09-30$45.22/sh+402$18,178→ 406,170.437 total - Tax Payment
Common Stock
2019-09-30$45.22/sh−6,638$300,170→ 412,810.437 total - Exercise/Conversion
Performance Shares
2019-09-30−358.37→ 0 total→ Common Stock (358.37 underlying) - Exercise/Conversion
Performance Shares
2019-09-30$45.22/sh+13,477$609,430→ 419,436.437 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 vesting of Performance-Based Restricted Stock Units.
- [F3]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.
- [F4]Represents pro-rata vesting of Performance-Based Restricted Stock Units, previously granted on November 14, 2017, due to the retirement of the executive; 2,685 Performance-Based Restricted Stock Units were forfeited in accordance with the award agreement. The applicable goal has been satisfied. Each Performance-Based Restricted Stock Unit converts into one share of NJR Common Stock upon vesting.