NJR (NYSE: NJR) controller discloses direct and 401(k) share holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
New Jersey Resources Corp. officer Christopher T. D'Antuono has reported his initial ownership of NJR common stock. As of the event date, he holds 4,135 shares directly, which include 1,613 previously granted Deferred Stock Retention Units that vest in full three years from their grant dates of November 15, 2023, and November 6, 2024.
He also reports indirect ownership of 1,127.255 common shares through the NJR Employees' Retirement Savings Plan, a retirement plan qualified under Section 401(k) of the Internal Revenue Code, reflecting shares acquired in the plan through the current date.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
D'Antuono Christopher T.
Role
Corporate Controller and PAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,135 shares (Direct);
Common Stock — 1,127.255 shares (Indirect, By NJR Employees' Retirement Savings Plan)
Footnotes (1)
- Includes an aggregate of 1,613 previously granted Deferred Stock Retention Units, all of which vest in full three years from their respective grant dates of November 15, 2023, and November 6, 2024. Represents shares acquired through the NJR Employees' Retirement Savings Plan, a plan qualified under Section 401(k) of the Internal Revenue Code of 1986, as amended. Such shares represent acquisitions through the current date.
FAQ
What are the Deferred Stock Retention Units mentioned in NJR's Form 3 for Christopher D'Antuono?
The filing notes 1,613 Deferred Stock Retention Units included in his 4,135 directly held shares. All of these units vest in full three years after their grant dates of November 15, 2023, and November 6, 2024, aligning with long-term retention incentives.
What role does Christopher D'Antuono hold at New Jersey Resources (NJR) in this Form 3?
Christopher T. D'Antuono is identified as an officer of New Jersey Resources, serving as Corporate Controller and PAO. His status as an officer triggers Section 16 reporting, requiring disclosure of his initial beneficial ownership of the company’s common stock.