Timothy F. Shea
Personal wealth note: Equibles reports source-backed professional activity and disclosed compensation; it does not estimate personal net worth.
About Timothy F. Shea
The proxy statement of New Jersey Resources Corp reports total compensation of $1,304,975 for Timothy F. Shea in fiscal 2022, including a base salary of $189,206. Disclosed compensation is on record for 2 fiscal years.
Summary generated from SEC filings and earnings-call records held by Equibles.
Affiliation history
Recorded current and former roles; source labels appear when available.
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New Jersey Resources Corp (NJR)
Proxy statement
Start not stated–2022-02-28
Company network
Recorded roles and call appearances connecting this person to public companies.
Executive compensation
Compensation components disclosed in company proxy statements. Amounts are nominal USD; total is the company-reported figure.
| Fiscal year | Company | Role | Salary | Total |
|---|---|---|---|---|
| 2022 | New Jersey Resources Corp (NJR) | Former Vice President, NJRES Salary amounts include cash compensation earned by each named executive officer during fiscal years 2022, 2021 and 2020, as applicable, as well as any amounts earned in fiscal years 2022, 2021 and 2020, but contributed under our 401(k) Plan. The amounts included are the grant date fair value of the stock awards granted in fiscal years 2022, 2021 and 2020, determined under share-based compensation accounting guidance in accordance with FASB ASC Topic 718. There were no options granted to the named executive officers in fiscal years 2022, 2021 and 2020. These amounts reflect the aggregate grant date fair value for these awards. For the FY 2022 TSR Performance Share Unit awards and the FY 2022 NFE Performance Share Unit awards granted in fiscal year 2022 to the named executive officers pursuant to the 2017 Plan that are subject to performance conditions, the values in the Summary Compensation Table above reflect the probable outcome of such performance conditions. The grant date fair values of the FY 2022 NFE Performance Share Unit awards, assuming the highest level of performance conditions for each of the named executive officers, are: Mr. Westhoven: 843,722; Mr. Bel: 83,546; Mr. Migliaccio: 245,042; Ms. Cradic: 217,776; and Mr. Reich: 118,152. With respect to the FY 2022 TSR Performance Share Units, the maximum amount that could be earned based upon the grant date fair value for each of the named executive officers is Mr. Westhoven: 850,712; Mr. Bel: 84,243; Mr. Migliaccio: 247,023; Ms. Cradic: 219,582; and Mr. Reich: 119,084. The amounts in this column include the grant date fair value of PBRS granted to Mr. Westhoven in fiscal year 2022 in the amount of 1,125,001. Assumptions used in the calculation of the foregoing award amounts are included in Note 10 to each of the consolidated financial statements included in our Annual Reports on Form 10-K for the fiscal years ended September 30, 2022, 2021, and 2020 and incorporated by reference into this Proxy Statement. Information on individual equity awards granted to the named executive officers in fiscal year 2022 is set forth in the section entitled “Grants of Plan-Based Awards.” Information on the vesting of restricted stock and deferred stock retention units in fiscal year 2022 is set forth in the section entitled “Stock Vested.” For fiscal year 2021, the amount includes a special bonus that was given to all employees in recognition of their continued hard work and dedication during the COVID-19 pandemic. | $189,206 | $1,304,975 |
| 2021 | New Jersey Resources Corp (NJR) | Vice President, NJR Energy Services Company | $325,199 | $1,585,398 |
Recent activity
No call appearances or filed executive changes recorded yet.