Form 4: New Jersey Resources Corp Executive Bel Roberto Sells Shares Under 10b5-1 Plan

SVP and CFO of New Jersey Resources Corp, Bel Roberto, sold 1,173 shares of common stock at $50 per share on March 31, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On March 31, 2025, Roberto Bel, the SVP and CFO of New Jersey Resources Corp, sold 1,173 shares of common stock.
• The sale was executed at a price of $50 per share.
• The transaction was conducted under a Rule 10b5-1 trading plan established on December 19, 2024.
• Following the transaction, Bel directly owns 22,649 shares of New Jersey Resources Corp.
• The transaction was reported on a Form 4 filing with the SEC.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing an insider stock sale under a pre-arranged trading plan, indicating a neutral sentiment.

Industry Context

This is a routine disclosure of an insider transaction. Rule 10b5-1 plans are common mechanisms for corporate insiders to sell shares without being accused of trading on non-public information.

Stakeholder Impact

• The sale of shares by a high-ranking executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Form 4, SEC Filing, Insider Trading, Stock Sale, Roberto Bel, New Jersey Resources Corp, NJR, Rule 10b5-1