Stephen Westhoven compensation by year
NEW JERSEY RESOURCES Summary Compensation Table · all 9 fiscal years held| Component | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Salary | $325,136 | $363,464 | $419,044 | $501,924 | $755,776 | $884,417 | $938,250 | $968,386 | $1,002,737 |
| Bonus | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock awards | $864,665 | $373,145 | $602,801 | $1,109,030 | $1,488,418 | $2,254,623 | $2,768,004 | $3,266,351 | $3,514,633 |
| Option awards | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Non-equity incentive | $369,500 | $207,675 | $432,863 | $429,375 | $887,250 | $1,409,958 | $1,383,393 | $1,400,684 | $1,398,286 |
| Pension and deferred compensation | $249,333 | $131,569 | $115,447 | $695,871 | $974,980 | $0 | $627,726 | $1,497,079 | $436,141 |
| All other | $26,329 | $36,661 | $42,777 | $45,702 | $64,253 | $63,776 | $75,307 | $75,609 | $81,456 |
| Total | $1,834,963 | $1,112,514 | $1,612,932 | $2,781,902 | $4,170,677 | $4,612,774 | $5,792,680 | $7,208,109 | $6,433,253 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: NEW JERSEY RESOURCES CORP DEF 14A filed December 10, 2025, accession 0000356309-25-000096, and prior-year filings. Open the filing on EDGAR.
How this page was built: the NEW JERSEY RESOURCES CORP filed document, accession 0000356309-25-000096. Every figure is read from that document and cited to the page and table it appears in. Filed December 10, 2025.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| RSU | 82,349 | $3,895,684 | — |
| RSU | 38,409 | $1,849,393 | — |
| RSU | 21,990 | $1,058,819 | — |
| RSU | 20,305 | $977,686 | — |
| RSU | 20,037 | $964,782 | — |
| RSU | 19,374 | $932,858 | — |
| RSU | 17,096 | $823,172 | — |
| RSU | 15,956 | $768,281 | — |
| RSU | 13,537 | $651,807 | — |
Per the Outstanding Equity Awards at Fiscal Year-End table in NEW JERSEY RESOURCES CORP's FY2025 proxy; value at the fiscal year-end close, as the company printed it.
Insider transactions since the last proxy
4 Form 4 lines since the FY2025 proxy (filed December 10, 2025)current to 2026-11-06 · updated nightly
| Date | Transaction | Plan | Shares | Price | Held after |
|---|---|---|---|---|---|
| 2026-09-30 | Tax withholding | — | 6,797 | $50.60 | 261,320.32 |
| 2026-09-30 | Grant or award | — | 14,046 | $50.60 | 261,832.31 |
| 2026-09-30 | Tax withholding | — | 7,104 | $50.60 | 254,728.31 |
| 2026-09-30 | Grant or award | — | 13,288 | $50.60 | 268,016.31 |
The 4 most recent of 4 lines, each as reported on the Form 4. "10b5-1" marks a trade the filing reports under a pre-arranged trading plan. View every Form 4 filing on EDGAR →
NEW JERSEY RESOURCES’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| Stephen Westhoven · this page | President and Chief Executive Officer | $6,433,253 |
| Patrick Migliaccio | Senior Vice President and Chief Operating Officer, NJNG | $1,554,366 |
| Roberto Bel | Senior Vice President and Chief Financial Officer | $1,311,468 |
| Amy Cradic | Senior Vice President and Chief Operating Officer of Non-Utility Businesses, Strategy and External Affairs | $1,306,254 |
| Richard Reich | Senior Vice President and General Counsel | $1,232,925 |
Board service
NEW JERSEY RESOURCES board · FY2025How this board is paid
Company policy: NEW JERSEY RESOURCES pays directors a $89,000 cash retainer and $135,000 in equity. As stated in NEW JERSEY RESOURCES's FY2025 proxy.
Committees
Executive
The full NEW JERSEY RESOURCES compensation record
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named in the NEW JERSEY RESOURCES proxy · each links to its own free briefCompensation, the day it’s disclosed
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How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are NEW JERSEY RESOURCES's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.
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