SEC Form 4 · accession 0000356309-19-000028
NEW JERSEY RESOURCES CORP · NJR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sharon C Taylor
Director
Period of report
Jan 8, 2019
Accepted (ET)
Jan 9, 2019 · 4:09 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000356309
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitF1,F2 | — | Jan 8, 2019 | A | 1,149 | A | — | — | Common Stock | 1,149 | 27,134 | D |
Explanation of responses
- F1Each Phantom Stock Unit is the economic equivalent of one (1) share of New Jersey Resources Corporation (NJR) Common Stock.
- F2The Phantom Stock Units represent director fees that are deferred pursuant to NJR's Directors Deferred Compensation Plan and are to be paid in three equal annual payments in NJR Common Stock beginning in January of 2024 or, if earlier, when Ms. Taylor ceases to be a Director.