Form 4: New Jersey Resources Corp Executive Sells Shares

Patrick J. Migliaccio, a Senior VP and COO at New Jersey Resources Corp, sold 4,983 shares of common stock at $46 per share.

Summary

• Patrick J. Migliaccio, a Senior VP and COO at New Jersey Resources Corp, sold 4,983 shares of common stock on December 23, 2024, at a price of $46 per share.
• Following the transaction, Mr. Migliaccio directly owns 37,123.651 shares of common stock.
• The total adjusted share balance includes a market change of 65.660 shares in the New Jersey Resources Corporation Employees' Retirement Savings Plan and a true-up of 30 shares.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing regarding an executive's stock sale, which is neither positive nor negative in itself. It's a neutral event.

Industry Context

This is a routine filing related to insider trading activity and is common for executives of publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, such as executives, in accordance with SEC regulations.
• The sale of shares by an executive is a common occurrence and does not necessarily indicate a negative outlook for the company.
• Similar filings are made by executives at comparable companies such as South Jersey Industries and UGI Corporation.

Stakeholder Impact

• The stock sale by an executive may have a minor impact on shareholder sentiment, but is unlikely to have a significant effect on the company's operations or financial health.

Key Dates

Keywords

insider trading, stock sale, executive, NJR, New Jersey Resources Corp, common stock, Patrick J. Migliaccio