Mullan Amanda 4
4 · NEW JERSEY RESOURCES CORP · Filed Nov 12, 2020
Insider Transaction Report
Form 4
Mullan Amanda
Vice President
Transactions
- Award
Common Stock
2020-11-09$33.34/sh+2,782$92,752→ 33,951.957 total - Award
Common Stock
2020-11-09$33.34/sh+4,454$148,496→ 31,169.957 total - Tax Payment
Common Stock
2020-11-09$33.34/sh−1,371$45,709→ 32,633.774 total
Footnotes (4)
- [F1]Represents grant of restricted stock units (RSUs) under the New Jersey Resources Corporation (NJR) 2017 Stock Award and Incentive Plan. RSUs vest in three equal annual installments on October 15, 2021, October 15, 2022, and October 15, 2023 and each RSU represents a contingent right to receive one share of NJR Common Stock.
- [F2]Represents number of performance share units, which vested at 114% of target (plus 242 dividend equivalents), after a 36-month period beginning on October 1, 2017, upon certification by the Leadership Development and Compensation Committee (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.
- [F3]Represents shares withheld to pay taxes due upon vesting of performance share units.
- [F4]Total includes 52.817 shares for accrued dividends on shares held by broker.