KENNY JANE M 4
4 · NEW JERSEY RESOURCES CORP · Filed Jan 8, 2025
Insider Transaction Report
Form 4
KENNY JANE M
Director
Transactions
- Exercise/Conversion
Phantom Stock
2025-01-06$45.68/sh−2,638$120,504→ 0 total→ Common Stock (2,638 underlying) - Exercise/Conversion
Common Stock
2025-01-06$45.68/sh+3,044$139,050→ 26,303 total
Footnotes (3)
- [F1]Represents the distribution of phantom stock units, including 406 shares for accrued dividends, for the 2020 restricted stock unit vesting that was deferred pursuant to the New Jersey Resources Corporation ("NJR") Directors Deferred Compensation Plan. Each share of phantom stock and dividend equivalent is the economic equivalent of one share of NJR Common Stock.
- [F2]Each phantom stock unit is the economic equivalent of one (1) share of NJR Common Stock.
- [F3]The phantom stock units represent the 2020 restricted stock unit vesting that was deferred pursuant to the NJR Directors Deferred Compensation Plan to be paid in NJR Common Stock in one lump sum in January 2025.