Form 4: New Jersey Resources Corp Executive Reports Stock Transactions

Jacqueline K. Shea, SVP and Chief Information Officer at New Jersey Resources Corp, reports the acquisition and disposal of company stock and phantom stock units.

Summary

• Jacqueline K. Shea, a Senior Vice President and Chief Information Officer at New Jersey Resources Corp, filed a Form 4 detailing changes in her beneficial ownership of company stock.
• On January 6, 2025, Ms. Shea acquired 1,079 shares of common stock at a price of $45.68 per share through the distribution of phantom stock units.
• Also on January 6, 2025, 615 shares were disposed of at $45.68 per share to cover taxes related to the deferred compensation distribution.
• Following these transactions, Ms. Shea's direct holdings of common stock are 35,215.542 shares, adjusted for accrued dividends.
• The transactions also involved phantom stock units, which are economically equivalent to shares of NJR common stock.

Sentiment

Score: 7

Explanation: The document is a routine disclosure of stock transactions by an executive, which is neither positive nor negative in itself. The transactions are related to compensation and tax obligations, which are expected.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and compensation.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
• The transactions reported are typical for executives receiving stock-based compensation and managing tax obligations related to deferred compensation.
• The use of phantom stock units is a common method for providing equity-based compensation, aligning executive interests with shareholder value.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax management.
• The transactions do not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, stock transaction, beneficial ownership, phantom stock, deferred compensation, New Jersey Resources Corp, NJR, executive compensation