O'Sullivan Michael A 4
4 · NEW JERSEY RESOURCES CORP · Filed Jan 27, 2023
Insider Transaction Report
Form 4
O'Sullivan Michael A
Director
Transactions
- Award
Restricted Stock Units
2023-01-25+2,521.178→ 2,521.178 total→ Common Stock (2,521.178 underlying) - Exercise/Conversion
Common Stock
2023-01-25+464→ 464 total - Exercise/Conversion
Restricted Stock Units
2023-01-25−459.575→ 0 total→ Common Stock (459.575 underlying)
Footnotes (4)
- [F1]Total shares include 3.644 dividend equivalents accrued on Restricted Stock Units ("RSUs") plus .782 shares for rounding to the next whole share.
- [F2]Represents the annual RSU retainer pursuant to the Non-Employee Director Compensation Plan, as amended. Each RSU represents a contingent right to receive one share of New Jersey Resources Corporation ("NJR") common stock plus dividend equivalents.
- [F3]The RSU award will vest in full on the earlier of (i) the first anniversary of the date of grant, or (ii) the date of the next NJR Annual Meeting of Shareowners.
- [F4]Represents 100 percent vesting of RSUs granted to Mr. O'Sullivan when he joined the Board of Directors on October 27, 2022, pursuant to the Non-Employee Director Compensation Plan, as amended. RSUs converted one for one into shares of NJR common stock.