Form 4: NJ Resources Exec Buys Stock

Patrick J. Migliaccio, Senior VP and COO of NJNG, acquired 3,000 shares of New Jersey Resources Corp. common stock.

Summary

• Patrick J. Migliaccio, Senior Vice President and Chief Operating Officer of NJNG (New Jersey Natural Gas), reported a transaction on May 11, 2026.
• Migliaccio acquired 3,000 shares of New Jersey Resources Corp. common stock at a price of $55.835 per share.
• Following this transaction, Migliaccio beneficially owns 35,202.131 shares of common stock directly.
• An adjustment was made to the reporting person's balance in the New Jersey Resources Corporation Employees' Retirement Savings Plan, increasing the total by 137.353 shares.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing due to an insider purchase, which can indicate confidence, but it does not provide new financial performance data.

Positives

• Insider purchase of company stock by a senior executive, which can signal confidence in the company's future prospects.
• The transaction was executed at a specific price, indicating a market-based acquisition.

Future Outlook

No specific forward-looking statements or guidance were provided in this Form 4 filing.

Industry Context

StockSavvy.ai notes that insider transactions, particularly purchases by senior management, are closely watched by investors as potential indicators of management's belief in the company's valuation and future performance within the utility sector.

Stakeholder Impact

• Shareholders may view the insider purchase positively, potentially signaling confidence in the company's stability and future growth.

Key Dates

Keywords

Form 4, SEC Filing, Insider Trading, Stock Acquisition, New Jersey Resources Corp, NJR, Patrick J. Migliaccio, Senior VP, COO, NJNG, Beneficial Ownership