Form 4: New Jersey Resources Corp: Officer Migliaccio Reports Stock Sale
SEC Form 4 Filing
Senior VP and COO of NJNG, Patrick J. Migliaccio, reports the sale of 2,500 shares of New Jersey Resources Corp stock at $45.88 per share.
Summary
- Patrick J. Migliaccio, Senior VP and COO of NJNG, sold 2,500 shares of New Jersey Resources Corp (NJR) common stock on August 21, 2024.
- The sale price was $45.88 per share.
- Following the transaction, Migliaccio directly owns 36,582.244 shares of NJR.
- An adjustment of 196.134 shares was made to the total, including 195.321 shares reflecting market changes in the employee's 401(k) plan and 0.813 shares to correct a rounding error.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a stock sale. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for corporate officers. It provides transparency to investors regarding the transactions of company insiders.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, potentially influencing the stock price slightly.
Key Dates
| Date | Description |
|---|---|
| 08/21/2024 | Date of stock sale transaction. |
| 08/22/2024 | Date of signature on the report. |
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