TAYLOR SHARON C 4
4 · NEW JERSEY RESOURCES CORP · Filed Jan 26, 2024
Insider Transaction Report
Form 4
TAYLOR SHARON C
Director
Transactions
- Award
Restricted Stock Units
2024-01-24+3,118.254→ 3,118.254 total→ Common Stock (3,118.254 underlying) - Exercise/Conversion
Common Stock
2024-01-24$41.69/sh+2,613$108,936→ 26,869.774 total - Exercise/Conversion
Restricted Stock Units
2024-01-24−2,521.178→ 0 total→ Common Stock (2,521.178 underlying)
Footnotes (6)
- [F1]Total shares include 90.926 dividend equivalents accrued on Restricted Stock Units ("RSUs") plus .896 shares for rounding to the next whole share.
- [F2]Total shares include .306 accrued through the NJR Dividend Reimbursement Plan.
- [F3]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.
- [F4]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.
- [F5]Each RSU represents a contingent right to receive one share of NJR common stock plus dividend equivalents.
- [F6]Represents 100 percent vesting of RSUs granted on January 25, 2023, pursuant to the Non-Employee Director Compensation Plan, as amended. RSUs converted one for one into shares of NJR common stock.