New Jersey Resources Unveils Fiscal 2026 Executive Incentive and Stock Award Plan

Reuters11-07
<a href="https://laohu8.com/S/NJR">New Jersey</a> Resources Unveils Fiscal 2026 Executive Incentive and Stock Award Plan

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.

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