New Jersey Resources: Pay

New Jersey Resources paid its 5 named executives $11.8M in total in FY2025 (Sep). CEO Stephen D. Westhoven was paid $6.4M of that.

PayNo stock prices for these years
CEO pay is from each proxy. The stock line is the value of $100 put in the stock at the start, from the price change of each fiscal year. Dividends are not in it.

Pay of each named executive

Stephen D. WesthovenPresident and Chief Executive Officer
FY2025 (Sep)
FY2024 (Sep)
FY2023 (Sep)
FY2022 (Sep)Not disclosed
FY2021 (Sep)Not disclosed
5 years
Patrick J. MigliaccioSenior Vice President and Chief Operating Officer, NJNG
FY2025 (Sep)
FY2024 (Sep)
FY2023 (Sep)
FY2022 (Sep)Not disclosed
FY2021 (Sep)Not disclosed
5 years
Roberto F. BelSenior Vice President and Chief Financial Officer
FY2025 (Sep)
FY2024 (Sep)
FY2023 (Sep)
FY2022 (Sep)Not disclosed
4 years
Amy CradicSenior Vice President and Chief Operating Officer of Non-Utility Businesses, Strategy and External Affairs
FY2025 (Sep)
FY2024 (Sep)
FY2023 (Sep)
FY2022 (Sep)Not disclosed
FY2021 (Sep)Not disclosed
5 years
Richard ReichSenior Vice President and General Counsel
FY2025 (Sep)
FY2024 (Sep)
FY2023 (Sep)Not disclosed
FY2022 (Sep)Not disclosed
4 years

CEO pay against the pay peers

In FY2025 (Sep), the median CEO pay of the 6 peers with pay on file was $6.6M. The CEO of New Jersey Resources was paid $6.4M, 2% below the median.

  1. 1Nisource
  2. 2Southwest Gas Holdings
  3. 3Idacorp
  4. 4New Jersey Resources
  5. 5ONE Gas
  6. 6NorthWestern Energy Group
  7. 7Avista
  8. 8AltaGas Ltd.Not disclosed
  9. 9Atmos EnergyNot disclosed
  10. 10Black Hills CorporationNot disclosed
  11. 11Chesapeake UtilitiesNot disclosed
  12. 12National Fuel Gas CompanyNot disclosed
  13. 13Northwest Natural Holding CompanyNot disclosed
  14. 14SpireNot disclosed
  15. 15TXNM Energy (formerly PNM Resources Inc.)Not disclosed
  16. 16UGI CorporationNot disclosed

Pay of each named executive comes from the Summary Compensation Table of each proxy statement. Realized pay adds the value of options used and stock that vested. CEO pay of each peer comes from its own Pay versus Performance table.