Patrick J. Migliaccio - Oct 15, 2022 Form 4 Insider Report for NEW JERSEY RESOURCES CORP (NJR)

Role
Senior VP and COO, NJNG
Signature
/s/ Tejal K. Mehta, as attorney-in-fact for Patrick J. Migliaccio
Stock symbol
NJR
Transactions as of
Oct 15, 2022
Transactions value $
-$156,657
Form type
4
Date filed
10/18/2022, 02:20 PM
Previous filing
May 23, 2022
Next filing
Nov 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NJR Common Stock Tax liability -$44.5K -1.13K -3.11% $39.48 35.1K Oct 15, 2022 Direct F1, F2
transaction NJR Common Stock Tax liability -$55.7K -1.41K -4% $39.48 33.9K Oct 15, 2022 Direct F3, F4
transaction NJR Common Stock Tax liability -$56.4K -1.43K -4.18% $39.48 32.7K Oct 15, 2022 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld to pay taxes due upon vesting of the third and final tranche of the Restricted Stock Unit (RSU) award previously granted on November 12, 2019.
F2 Total adjusted for 236 accrued dividend equivalents payable upon vesting of RSUs. Each RSU and dividend equivalent converts into one share of New Jersey Resources Corporation (NJR) Common Stock upon vesting.
F3 Represents shares withheld to pay taxes due upon vesting of the second tranche of the RSU award previously granted on November 9, 2020. The final tranche will vest on October 15, 2023.
F4 Total adjusted for 193 accrued dividend equivalents payable upon vesting of RSUs. Each RSU and dividend equivalent converts into one share of NJR Common Stock upon vesting.
F5 Represents shares withheld to pay taxes due upon vesting of the first tranche of the RSU award previously granted on November 10, 2021. The second and third tranches will vest on October 15, 2023 and October 15, 2024, respectively.
F6 Total adjusted for 96 accrued dividend equivalents payable upon vesting of RSUs and includes 154.494 shares accrued through dividends under the NJR Employee Retirement Savings 401(k) Plan. Each RSU and dividend equivalent converts into one share of NJR Common Stock upon vesting.