KENNY JANE M 4
4 · NEW JERSEY RESOURCES CORP · Filed Jan 23, 2026
Research Summary
AI-generated summary of this filing
New Jersey Resources (NJR) Director Jane M. Kenny Receives Award
What Happened
Jane M. Kenny, a director of New Jersey Resources Corporation (NJR), received a grant of 3,022.723 restricted stock units (RSUs) on 2026-01-21. The Form 4 reports the award as a derivative acquisition at $0.00 per unit (code A). The RSUs are a compensatory award (no cash purchase) representing a contingent right to one share of NJR common stock per RSU plus dividend equivalents; no immediate shares or cash changed hands.
Key Details
- Transaction date: 2026-01-21; Form 4 filed 2026-01-23 (timely).
- Award: 3,022.723 RSUs; reported price $0.00 (grant/derivative).
- Vesting: RSUs vest in full on the earlier of (i) the first anniversary of the grant or (ii) the next NJR Annual Meeting of Shareowners (per footnote).
- Footnote: RSUs represent the annual non-employee director retainer and include dividend equivalents.
- Shares owned after the transaction: not specified on the provided summary.
Context
RSU grants to non-employee directors are routine compensation and do not represent an open-market purchase or sale. These RSUs convert into shares (and dividend equivalents) only upon vesting, so they do not indicate an immediate change in market exposure by the director.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-01-21+3,022.723→ 3,022.723 total→ Common Stock (3,022.723 underlying)
Footnotes (2)
- [F1]Represents the annual Restricted Stock Unit ("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.
- [F2]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.