Form 4: Director Sharon C. Taylor Reports Acquisition of New Jersey Resources Corp. Stock Through Deferred Compensation Plan

Director Sharon C. Taylor acquired shares of New Jersey Resources Corp. stock through the distribution of phantom stock units related to deferred compensation.

Summary

• Sharon C. Taylor, a director at New Jersey Resources Corp. (NJR), has reported the acquisition of common stock through the distribution of phantom stock units.
• These units are part of the NJR Directors' Deferred Compensation Plan, representing deferred director fees from 2018 and 2019.
• On January 6, 2025, Ms. Taylor received 1,671 shares related to 2018 fees and 1,488 shares related to 2019 fees, both at a price of $45.68 per share.
• The phantom stock units are the economic equivalent of NJR common stock, with dividend equivalents also included.
• The reported transactions increased Ms. Taylor's direct holdings to 28,540.774 shares and 30,028.956 shares respectively.
• Additionally, Ms. Taylor received 1,320.51 phantom stock units related to 2018 fees and 1,207.057 phantom stock units related to 2019 fees, which are also the economic equivalent of NJR common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to slightly positive as it aligns director interests with shareholders. There is no indication of any negative sentiment.

Positives

• The acquisition of shares by a director can be seen as a positive sign of confidence in the company.
• The deferred compensation plan allows directors to align their interests with the long-term performance of the company.

Future Outlook

The final distribution of phantom stock units related to the 2019 director fees is expected in January 2026.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders reporting changes in their beneficial ownership of company stock. It is a routine part of corporate governance and transparency.

Comparison to Industry Standards

• The use of deferred compensation plans and phantom stock units is a common practice among publicly traded companies to incentivize and retain directors.
• The reporting of these transactions via SEC Form 4 is a standard regulatory requirement for all US listed companies.
• Similar filings can be seen across the energy sector and other industries where equity-based compensation is used for directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's performance.
• The transaction has no direct impact on employees, customers, suppliers, or creditors.

Next Steps

• The final distribution of phantom stock units related to the 2019 director fees is expected in January 2026.

Key Dates

Keywords

insider trading, Form 4, stock acquisition, deferred compensation, phantom stock units, director, NJR, New Jersey Resources Corp