Form 4: New Jersey Resources Corp Executive Lori DelGiudice Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Lori DelGiudice, SVP of Human Resources at New Jersey Resources Corp, disposed of 736 shares of common stock on September 30, 2024, to cover tax obligations related to vesting of restricted stock units.
Summary
- On September 30, 2024, Lori DelGiudice, SVP of Human Resources at New Jersey Resources Corp (NJR), disposed of 736 shares of NJR common stock.
- The transaction was executed to cover tax obligations arising from the vesting of the second tranche of a Restricted Stock Unit (RSU) award granted on November 10, 2022.
- The price per share for the disposal was $47.2.
- Following the transaction, DelGiudice directly owns 14,904 shares of NJR common stock, adjusted for 172 accrued dividend equivalents payable upon vesting of RSUs.
- The third and final installment of 56 percent of the RSU will vest on September 30, 2025.
Sentiment
Score: 5
Explanation: This is a routine transaction related to executive compensation and tax obligations, with no significant implications for the company's overall performance or outlook.
Future Outlook
The third and final installment of 56 percent of the Restricted Stock Unit (RSU) award will vest on September 30, 2025.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders. This transaction is a standard practice of covering tax obligations related to equity compensation.
Key Dates
| Date | Description |
|---|---|
| 2022-11-10 | Date of the Restricted Stock Unit (RSU) award grant. |
| 2024-09-30 | Date of the stock disposal to cover tax obligations and vesting of the second tranche of the RSU. |
| 2025-09-30 | Date of the final installment vesting of the RSU award. |
| 2024-10-02 | Date of the signature of the reporting person. |
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