New Jersey Resources Corporation has announced new compensation arrangements for its named executive officers for fiscal year 2026. Under the approved Officer Annual Incentive Plan, the target annual incentive award opportunity will range from 40 to 60 percent of base salary for executive officers, and 110 percent of base salary for the President and Chief Executive Officer. Actual award payments can range from 0 to 150 percent of these target amounts, with amounts exceeding 100 percent potentially paid in cash, restricted stock units (RSUs), or Deferred Retention Stock Units (DRSUs). In addition, long-term incentive awards include performance share units based on total shareholder return and net financial earnings per share, as well as performance-based RSUs for the CEO, which may vest over three years if specific performance goals are met.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New Jersey Resources Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-25-040794), on November 06, 2025, and is solely responsible for the information contained therein.
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