4//SEC Filing
Migliaccio Patrick J. 4
Accession 0000356309-25-000089
CIK 0000356309other
Filed
Nov 5, 7:00 PM ET
Accepted
Nov 6, 3:52 PM ET
Size
13.1 KB
Accession
0000356309-25-000089
Insider Transaction Report
Form 4
Migliaccio Patrick J.
Senior VP and COO, NJNG
Transactions
- Tax Payment
Phantom Stock
2025-11-04$44.85/sh−78$3,498→ 17,878.687 total→ Common Stock (78 underlying) - Award
Common Stock
2025-11-04$44.85/sh+6,642$297,894→ 39,546.448 total - Award
Common Stock
2025-11-04$44.85/sh+4,859$217,926→ 44,405.448 total - Tax Payment
Common Stock
2025-11-04$44.85/sh−2,394$107,371→ 42,011.448 total - Award
Phantom Stock
2025-11-04$44.85/sh+3,282$147,198→ 17,403.196 total→ Common Stock (3,282 underlying)
Footnotes (5)
- [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, 2026, October 15, 2027 and October 15, 2028. Each RSU represents a contingent right to receive one share of NJR Common Stock.
- [F2]Represents number of performance share units, which vested at 134 percent of target (plus 511 dividend equivalents), after a 36-month period beginning on October 1, 2022, upon certification by the Leadership Development and Compensation Committee (LDCC) of NJR 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]The phantom stock represents performance share units, which vested at 97 percent of target (plus 345 dividend equivalents), after a 36-month period beginning on October 1, 2022, upon certification by the LDCC of NJR performance versus the appliable performance goal. These shares have been deferred pursuant to NJR's Officers' Deferred Compensation Plan and are to be paid out in a lump sum in January 2029. Each share of phantom stock is the economic equivalent of one share of NJR Common Stock.
- [F5]Total reflects a positive adjustment of 553.491 shares representing investment gains or losses and for dividends accrued under NJR's Officers' Deferred Compensation Plan.
Documents
Issuer
NEW JERSEY RESOURCES CORP
CIK 0000356309
Entity typeother
Related Parties
1- filerCIK 0001658452
Filing Metadata
- Form type
- 4
- Filed
- Nov 5, 7:00 PM ET
- Accepted
- Nov 6, 3:52 PM ET
- Size
- 13.1 KB