Form 4: NJR Executive Sells Shares for Tax Obligations

Lori DelGiudice, SVP of Human Resources at New Jersey Resources Corp, disposed of 1,911 shares of common stock to cover tax liabilities from a restricted stock unit vesting.

Summary

• Lori DelGiudice, SVP, Human Resources at New Jersey Resources Corp (NJR), reported a transaction on September 30, 2025.
• She disposed of 1,911 shares of NJR Common Stock at a price of $48.15 per share.
• This disposition was for shares withheld to pay taxes due upon the vesting of the third and final tranche (56%) of a Restricted Stock Unit (RSU) award.
• The original RSU award was granted on November 10, 2022.
• Following this transaction, DelGiudice beneficially owns 16,043 shares of NJR Common Stock.
• The total beneficial ownership was adjusted upward for 660 accrued dividend equivalents, which convert into one share of NJR Common Stock upon vesting.

Sentiment

Score: 5

Explanation: The filing reports a routine, pre-scheduled transaction related to executive compensation (RSU vesting and tax withholding), which is neutral in terms of company performance or outlook.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This filing details a routine insider transaction related to executive compensation, which is a common practice across various industries and does not provide specific industry-wide context.

Stakeholder Impact

• Shareholders: The vesting of RSUs and subsequent sale for tax purposes is a pre-planned event related to executive compensation. It represents a minor, anticipated increase in the float (net of shares withheld for taxes) and is generally considered a neutral event for shareholders.

Key Dates

Keywords

New Jersey Resources Corp, NJR, Lori DelGiudice, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Tax Withholding, Common Stock