DEGRAFFENREIDT JAMES H JR 4
4 · NEW JERSEY RESOURCES CORP · Filed Jan 22, 2021
Insider Transaction Report
Form 4
DEGRAFFENREIDT JAMES H JR
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2021-01-20−2,529.317→ 0 total→ Common Stock (2,529.317 underlying) - Award
Restricted Stock Units
2021-01-20+3,079.507→ 3,079.507 total→ Common Stock (3,079.507 underlying) - Exercise/Conversion
Common Stock
2021-01-20+2,638→ 4,016 total
Footnotes (4)
- [F1]Total shares include 108.658 dividend equivalents accrued on Restricted Stock Units ("RSUs") plus .025 shares for rounding shares to the next whole share.
- [F2]Each RSU represents a contingent right to receive one share of New Jersey Resources ("NJR") common stock plus dividend equivalents.
- [F3]The RSU award will vest in full on the earlier of (i) the first anniversary of the date of grant, or (ii) the date of the next NJR Annual Meeting of Shareowners.
- [F4]Represents 100 percent vesting of RSUs granted on January 22, 2020. RSUs converted 1 for 1 into shares of NJR common stock. There is no purchase or sale price upon vesting of RSUs.