Form 4: New Jersey Resources Corp Executive Sells $128,130 in Stock
SEC Form 4 Filing
Patrick J. Migliaccio, Senior VP and COO of NJNG at New Jersey Resources Corp, sold 3,000 shares of common stock at a price of $42.71 on March 12, 2024.
Summary
- On March 12, 2024, Patrick J. Migliaccio, a Senior VP and COO at New Jersey Resources Corp, sold 3,000 shares of the company's common stock.
- The sale price was $42.71 per share.
- Following the transaction, Migliaccio directly owns 38,886.11 shares of New Jersey Resources Corp.
Sentiment
Score: 5
Explanation: Neutral. This is a standard disclosure of an insider stock sale, with no inherent positive or negative implications.
Industry Context
This is a routine disclosure of an insider transaction. It's common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The sale could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| 03/12/2024 | Date of stock sale transaction |
| 03/13/2024 | Date of signature for the Form 4 filing |
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