Form 4: NJR Executive Reports Routine Stock Dispositions for Taxes
Insider Transaction Report
Lori DelGiudice, SVP of Human Resources at New Jersey Resources Corp, reported tax-related dispositions of common stock following the vesting of Restricted Stock Units.
Summary
- Lori DelGiudice, SVP, Human Resources of New Jersey Resources Corporation (NJR), reported transactions involving the company's common stock.
- On October 15, 2025, a total of 1,085 shares of common stock were disposed of at a price of $42.66 per share.
- These dispositions represent shares withheld to cover taxes due upon the vesting of Restricted Stock Unit (RSU) awards.
- The transactions relate to three separate RSU awards granted on November 10, 2022 (third tranche), November 15, 2023 (second tranche), and November 6, 2024 (first tranche).
- Following these transactions, Ms. DelGiudice beneficially owns 15,825 shares (adjusted for 115 accrued dividend equivalents from the 2022 award), 15,487 shares (adjusted for 105 accrued dividend equivalents from the 2023 award), and 15,216 shares (adjusted for 38 accrued dividend equivalents from the 2024 award).
- All reported transactions were made pursuant to a Rule 10b5-1 plan.
- Each RSU and dividend equivalent converts into one share of NJR Common Stock upon vesting.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction involving the disposition of shares for tax withholding upon RSU vesting, which is a neutral event with no direct positive or negative implications for the company's operational or financial performance.
Future Outlook
Future vesting events for Restricted Stock Unit awards are scheduled for October 15, 2026, for the final tranche of the November 15, 2023 award and the second tranche of the November 6, 2024 award, with the third tranche of the November 6, 2024 award vesting on October 15, 2027.
Industry Context
This filing represents a routine insider transaction related to executive compensation, common across publicly traded companies, and does not provide specific insights into broader industry trends or competitive positioning.
Next Steps
- The final tranche of the RSU award granted on November 15, 2023, is scheduled to vest on October 15, 2026.
- The second tranche of the RSU award granted on November 6, 2024, is scheduled to vest on October 15, 2026.
- The third tranche of the RSU award granted on November 6, 2024, is scheduled to vest on October 15, 2027.
Key Dates
| Date | Description |
|---|---|
| 2022-11-10 | Grant date of a Restricted Stock Unit (RSU) award, with the third and final tranche vesting on October 15, 2025. |
| 2023-11-15 | Grant date of a Restricted Stock Unit (RSU) award, with the second tranche vesting on October 15, 2025. |
| 2024-11-06 | Grant date of a Restricted Stock Unit (RSU) award, with the first tranche vesting on October 15, 2025. |
| 2025-10-15 | Date of earliest transaction, representing the vesting of RSU tranches and subsequent tax-related share dispositions. |
| 2025-10-17 | Signature date of the reporting person's attorney-in-fact. |
| 2026-10-15 | Expected vesting date for the final tranche of the RSU award granted on November 15, 2023, and the second tranche of the RSU award granted on November 6, 2024. |
| 2027-10-15 | Expected vesting date for the third tranche of the RSU award granted on November 6, 2024. |
Keywords
NJR, New Jersey Resources, Form 4, Insider Transaction, RSU Vesting, Executive Compensation, Stock Disposition, Tax Withholding
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