Reich Richard 4
4 · NEW JERSEY RESOURCES CORP · Filed Mar 20, 2026
Research Summary
AI-generated summary of this filing
New Jersey Resources (NJR) SVP Richard Reich Sells 5,449 Shares
What Happened
Richard Reich, SVP and General Counsel of New Jersey Resources Corporation (NJR), sold 5,449 shares on March 19, 2026. The weighted average price was $52.99, producing total proceeds of approximately $288,743. This was a sale (S), not a purchase—sales by insiders are often routine and do not necessarily signal a change in outlook.
Key Details
- Transaction date: 2026-03-19 (reported on Form 4 filed 2026-03-20) — timely filing.
- Shares sold: 5,449; weighted average price: $52.99; price range: $52.95–$53.03.
- Total proceeds: ~$288,743.
- Executed pursuant to a Rule 10b5-1 trading plan entered on December 12, 2025 (footnote F1).
- Sale occurred in multiple transactions; filer can provide per-price breakdown on request (F2).
- Footnotes note adjustments for 241.952 shares via dividend reinvestment and one rounding share, and additional shares acquired through the company 401(k) plan (F3, F4).
- Shares owned after the transaction are not specified in the provided excerpt.
Context
This was an open-market sale under a pre-established 10b5-1 plan, a common mechanism that allows insiders to sell shares according to a preset schedule. Such planned sales are generally considered routine and do not by themselves indicate insider sentiment about the company’s future performance.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-03-19$52.99/sh−5,449$288,743→ 26,974.789 total
- 3,445.507(indirect: By NJR Employees' Retirement Savings Plan)
Common Stock
[F4]
Footnotes (4)
- [F1]The sale reported on this Form 4 was effectuated pursuant to a Rule 10b5-1 trading plan, which was entered into on December 12, 2025.
- [F2]The price reported reflects the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $52.95 and $53.03. The reporting person undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price.
- [F3]Total adjusted for 241.952 shares accrued through dividend reinvestment under the New Jersey Resources Corporation Dividend and Reinvestment Plan and one additional share attributable to a prior rounding adjustment.
- [F4]Represents shares acquired through New Jersey Resources Corporation Employees' Retirement Savings Plan, a plan qualified under Section 401(k) of the Internal Revenue Code of 1986, as amended. Such shares represent acquisitions through the current date.