4//SEC Filing
O'Sullivan Michael A 4
Accession 0000356309-26-000019
CIK 0000356309other
Filed
Jan 22, 7:00 PM ET
Accepted
Jan 23, 2:42 PM ET
Size
9.6 KB
Accession
0000356309-26-000019
Research Summary
AI-generated summary of this filing
NJR Director Michael O'Sullivan Exercises Options, Receives RSUs
What Happened
Michael A. O'Sullivan, a non-employee director of New Jersey Resources Corp (NJR), executed several equity transactions on January 21, 2026. He exercised/converting derivatives to acquire 2,938 shares at $47.97 per share for a cash amount of $140,936. On the same date he was granted 3,022.723 restricted stock units (RSUs) under the Non-Employee Director Compensation Plan, and reported conversion/settlement activity of 2,824.859 derivative shares (reported as disposed at $0).
Key Details
- Transaction date: January 21, 2026; Form 4 filed January 23, 2026 (appears timely).
- Exercise: 2,938 shares acquired at $47.97 each; total cash paid $140,936.
- Award: 3,022.723 RSUs granted (reported as derivative award, $0 purchase price).
- Conversion/Disposition: 2,824.859 derivative shares reported as disposed at $0 (related to RSU conversion/settlement per footnotes).
- Footnotes summary:
- F1: Total includes 112.968 dividend equivalents on RSUs plus a fractional share rounding.
- F2/F4: Each RSU is a contingent right to one NJR share plus dividend equivalents (annual director retainer).
- F3: New RSU award vests on the earlier of one-year anniversary or the next annual meeting.
- F5: Represents 100% vesting of RSUs granted Jan 21, 2025; those RSUs converted one-for-one into shares (explains conversion/disposition activity).
- Shares owned after the transactions: not specified in the provided filing excerpt.
Context
- The activity includes an option/derivative exercise (M) and director compensation in the form of RSUs (A). RSU grants and vesting for directors are routine compensation and don’t by themselves indicate trading intent.
- The reported disposal of derivative shares at $0 appears tied to RSU vesting/conversion and associated settlement mechanics (per footnotes); such entries can reflect conversions or tax/settlement actions rather than open-market sales.
- This filing documents standard director compensation and equity conversion activity rather than an open-market buy or sale.
Insider Transaction Report
Form 4
O'Sullivan Michael A
Director
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-01-21$47.97/sh+2,938$140,936→ 9,257 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]2026-01-21−2,824.859→ 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
/s/ Tejal K. Mehta, as attorney-in-fact for Michael A. O'Sullivan|2026-01-23
Documents
Issuer
NEW JERSEY RESOURCES CORP
CIK 0000356309
Entity typeother
Related Parties
1- filerCIK 0001952758
Filing Metadata
- Form type
- 4
- Filed
- Jan 22, 7:00 PM ET
- Accepted
- Jan 23, 2:42 PM ET
- Size
- 9.6 KB