DOWNES LAURENCE M 4
4 · NEW JERSEY RESOURCES CORP · Filed Nov 14, 2019
Insider Transaction Report
Form 4
DOWNES LAURENCE M
DirectorChairman, President & CEO
Transactions
- Award
Common Stock
2019-11-12+22,246→ 452,778.437 total - Award
Common Stock
2019-11-12$40.61/sh+19,537$793,398→ 431,770.437 total - Award
Common Stock
2019-11-12$40.61/sh+16,521$670,918→ 438,669.437 total - Tax Payment
Common Stock
2019-11-12−10,957→ 441,821.437 total - Tax Payment
Common Stock
2019-11-12$40.61/sh−9,622$390,749→ 422,148.437 total - Tax Payment
Common Stock
2019-11-12$40.61/sh−8,137$330,444→ 430,532.437 total - Award
Common Stock
2019-11-12+24,624→ 466,445.437 total
Footnotes (6)
- [F1]Represents number of performance share units, which vested at 119% of target (plus dividend equivalents), after a 36-month period beginning on October 1, 2016, upon certification by the Leadership Development and Compensation Committee (LDCC) of New Jersey Resources Corporation's (NJR's) performance versus the applicable performance goal. Performance share units and dividend equivalents convert into one share of NJR Common Stock upon vesting.
- [F2]Represents shares withheld to pay taxes related to vesting of performance share units.
- [F3]Represents number of performance share units, which vested at 117% of target (plus accrued dividend equivalents), after a 36-month period beginning on October 1, 2016, upon certification by the LDCC of NJR's performance versus the applicable performance goal. Performance share units and dividend equivalents convert into one share of NJR Common Stock upon vesting.
- [F4]Represents accelerated vesting of performance-based restricted stock units (plus dividend equivalents), previously granted on November 13, 2018, due to the retirement of the executive and satisfaction of the performance goal, as certified by the LDCC. Each performance-based restricted stock unit and dividend equivalent converts into one share of NJR Common Stock upon vesting.
- [F5]Represents shares withheld to pay taxes related to vesting of performance-based restricted stock units.
- [F6]Represents grant of deferred retention stock units under the NJR 2017 Stock Award and Incentive Plan. Each deferred retention stock unit vests on October 15, 2022 and represents a contingent right to receive one share of NJR Common Stock.