O'Sullivan Michael A 4
4 · NEW JERSEY RESOURCES CORP · Filed Jan 23, 2025
Insider Transaction Report
Form 4
O'Sullivan Michael A
Director
Transactions
- Exercise/Conversion
Common Stock
2025-01-21$47.79/sh+3,242$154,935→ 6,319 total - Award
Restricted Stock Units
2025-01-21+2,824.859→ 0 total→ Common Stock (2,824.859 underlying) - Exercise/Conversion
Restricted Stock Units
2025-01-21−3,118.254→ 0 total→ Common Stock (3,118.254 underlying)
Footnotes (5)
- [F1]Total includes 123.460 dividend equivalents accrued on Restricted Stock Units ("RSUs") plus 0.286 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]Each RSU represents a contingent right to receive one share of NJR common stock plus dividend equivalents.
- [F5]Represents 100 percent vesting of RSUs granted on January 24, 2024, pursuant to the Non-Employee Director Compensation Plan, as amended. RSUs converted one for one into shares of NJR common stock.