NEW JERSEY RESOURCES CORP
For the period ended Nov 4, 2025. Filed Nov 6, 2025.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Nov 4, 2025 · Filed Nov 6, 2025
Contents
Long-Term Incentive Program Awards
On November 4, 2025, the LDCC awarded to each of the Company’s NEOs (i) performance share units with performance criteria based upon the Company’s total shareholder return (“FY 2026 TSR Performance Share Units”) and with performance criteria based upon the Company’s cumulative NFE per share (“FY 2026 NFE Performance Share Units”); (ii) RSUs to each of the NEOs, other than to the President and Chief Executive Officer, Stephen D. Westhoven; and (iii) performance-based RSUs with performance criteria based upon an NFE-based performance (“PBRSUs”) goal to Mr. Westhoven (such awards, collectively, the “Awards”), all pursuant to the Company’s 2017 Stock Award and Incentive Plan.
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