Form 4: New Jersey Resources Corp: SVP and CFO Roberto Bel Sells Shares
SEC Form 4 Filing
Roberto Bel, SVP and CFO of New Jersey Resources Corp, executed sales of common stock on March 24, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On March 24, 2025, Roberto Bel, the SVP and CFO of New Jersey Resources Corp, sold 1,173 shares of common stock at a weighted average price of $48.5846.
- An additional 1,173 shares were sold on the same day at a weighted average price of $48.5711.
- These sales were executed under a Rule 10b5-1 trading plan established on December 19, 2024.
- Following these transactions, Bel directly owns 23,822 shares of New Jersey Resources Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock sales by an executive, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity. It is common for executives to use Rule 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.
Stakeholder Impact
- The stock sale may have a minor negative impact on shareholder sentiment, but is unlikely to have a significant impact due to the pre-planned nature of the transaction.
Key Dates
| Date | Description |
|---|---|
| 12/19/2024 | Date of entry into Rule 10b5-1 trading plan. |
| 03/24/2025 | Date of stock sale transactions. |
| 03/25/2025 | Date of Form 4 filing. |
Keywords
Form 4, insider trading, stock sale, Roberto Bel, New Jersey Resources Corp, NJR, Rule 10b5-1, SVP, CFO
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.