DEGRAFFENREIDT JAMES H JR 4
Accession 0000356309-26-000012
Filed
Jan 22, 7:00 PM ET
Accepted
Jan 23, 2:42 PM ET
Size
9.6 KB
Accession
0000356309-26-000012
Research Summary
AI-generated summary of this filing
NJR Director James H. DeGraffenreidt Jr. Exercises Options, Sells Shares
What Happened
James H. DeGraffenreidt Jr., a director of New Jersey Resources Corp (NJR), exercised/converted derivatives and received RSUs on Jan 21, 2026. He exercised options to acquire 2,938 shares at $47.97 per share (total $140,936), received a grant/conversion of 3,022.723 RSU-based shares (no cash purchase), and disposed of 2,824.859 shares at $47.97 per share for proceeds of $135,508. The pattern — exercise and same-day sale of most shares — is consistent with a cashless exercise or shares sold to cover exercise costs/taxes.
Key Details
- Transaction date: January 21, 2026; Form 4 filed January 23, 2026 (filed within the standard 2-business-day window).
- Exercised/Acquired: 2,938 shares @ $47.97 = $140,936 (reported as derivative exercise, code M).
- Received/Granted: 3,022.723 RSUs (reported as grant/award, code A); these RSUs convert one-for-one into NJR shares and include dividend equivalents.
- Disposed/Sold: 2,824.859 shares @ $47.97 = $135,508 (reported as derivative disposition, code M).
- Shares owned after transaction: not specified in the provided filing summary.
- Relevant footnotes: F1 notes 112.968 dividend equivalents were included and a fractional share rounding; F2–F4 describe the RSU retainer and that each RSU converts to one share plus dividend equivalents; F5 indicates 100% vesting of RSUs granted Jan 21, 2025, which converted to shares.
Context
- Derivative explanation: The filing shows option exercise/conversion (M) and a near-simultaneous sale of a large portion of the shares — commonly a cashless exercise or shares sold to cover exercise costs and withholding.
- RSUs: The granted RSUs represent contingent rights to receive common stock (plus dividend equivalents) and, per footnotes, those RSUs vested/converted on the reported date.
- Interpretation: These actions are routine insider compensation and tax-related transactions. Sales following exercises do not necessarily signal negative views about the company; they frequently reflect standard compensation settlement or tax obligations.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-01-21$47.97/sh+2,938$140,936→ 23,042 total - Award
Restricted Stock Units
[F2][F3]2026-01-21+3,022.723→ 3,022.723 total→ Common Stock (3,022.723 underlying) - Exercise/Conversion
Restricted Stock Units
[F4][F5]2026-01-21$47.97/sh−2,824.859$135,508→ 0 total→ Common Stock (2,824.859 underlying)
Footnotes (5)
- [F1]Total includes 112.968 dividend equivalents accrued on Restricted Stock Units ("RSUs") plus a fractional share 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 21, 2025, pursuant to the Non-Employee Director Compensation Plan, as amended. RSUs converted one for one into shares of NJR common stock.
Signature
Documents
Issuer
NEW JERSEY RESOURCES CORP
CIK 0000356309
Related Parties
1- filerCIK 0001216744
Filing Metadata
- Form type
- 4
- Filed
- Jan 22, 7:00 PM ET
- Accepted
- Jan 23, 2:42 PM ET
- Size
- 9.6 KB