Borkowski Maureen A 4
4 · NEW JERSEY RESOURCES CORP · Filed Sep 13, 2017
Insider Transaction Report
Form 4
Borkowski Maureen A
Director
Transactions
- Award
Phantom Stock Unit
2017-09-11$43.75/sh+702$30,713→ 702 total→ Common Stock (702 underlying)
Footnotes (2)
- [F1]Each Phantom Stock Unit is the economic equivalent of one (1) share of New Jersey Resources Corporation (NJR) Common Stock.
- [F2]The Phantom Stock Units represent director fees that are deferred pursuant to NJR's Directors Deferred Compensation Plan and are to be paid in three annual installments beginning in January 2022, or, if earlier, when Ms. Borkowski ceases to be a Director.