secwatch.observer — SEC 8-K summary
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Issuer:     NEW JERSEY RESOURCES CORP (NJR)
CIK:        0000356309
Form:       8-K
Filed at:   2025-11-06T23:59:59+00:00
Accession:  0001140361-25-040794
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NJR approves fiscal 2026 executive incentive plan and long-term equity awards
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- LDCC approved FY2026 Officer Annual Incentive Plan: CEO target 110% of base salary; other NEOs 40-60%; payout range 0-150% of target.
- Performance metrics: 50% net financial earnings (NFE), 30% individual leadership, 20% Commitment to Stakeholders goals.
- LDCC granted performance share units (TSR and NFE-based) with 36-month period; vesting 0-150% based on relative TSR and cumulative NFE per share.
- RSUs awarded to NEOs (excluding CEO) vest in three equal installments; CEO received performance-based RSUs (PBRSUs) with NFE goal.
- Awards subject to clawback, non-competition, non-solicitation, and confidentiality conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/356309/000114036125040794/0001140361-25-040794-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/356309/000114036125040794/ef20058025_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-040794

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer