Form 4: New Jersey Resources Corp Executive Richard Reich Reports Share Acquisition

Richard Reich, SVP and General Counsel at New Jersey Resources Corp, reported the acquisition of 3,313.394 shares of common stock through the company's retirement savings plan.

Summary

• Richard Reich, a Senior Vice President and General Counsel at New Jersey Resources Corp, filed a Form 4 indicating a change in beneficial ownership.
• The transaction involved the acquisition of 3,313.394 shares of common stock at a price of $47.7 per share.
• These shares were acquired indirectly through the New Jersey Resources Corporation Employees' Retirement Savings Plan.
• Following this transaction, Mr. Reich's total indirect holdings in the company increased.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, indicating a neutral to slightly positive sentiment due to executive share acquisition.

Positives

• The acquisition of shares by a company executive can be seen as a positive sign of confidence in the company's future.

Industry Context

This is a routine filing related to executive stock ownership and is common in publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• Executive stock ownership is a common practice across the industry, and this transaction is not unusual.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it indicates executive confidence in the company.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Acquisition, Employee Retirement Plan, NJR, New Jersey Resources Corp, Richard Reich, Executive