In 2019, Laurence M. Downes earned $3.30M in total compensation at New Jersey Resources, including $975.00K salary, $1.23M bonus and $1.04M in stock. Most recently acquired 82,928 shares in Nov 2019. Currently holds stock worth $39.94M. Has donated $3.10M in stock to charitable causes. Led New Jersey Resources as CEO for 18 years.
Compensation History
Annual executive compensation data for Laurence M. Downes, including salary, bonuses, and stock awards.
Year
2019
Total Compensation
$3.30M
Salary
$975.00K
Bonus
$1.23M
Other
$61.91K
Salary
$975.00KBoard Justification
The compensation philosophy is guided by the principle of pay-for-performance, aligning executive compensation with short-term and long-term business goals to attract, motivate, reward, and retain management talent.
Bonus
$1.23MBoard Justification
The annual short-term incentive award paid based on performance metrics including Net Financial Earnings (NFE), Commitment to Stakeholders (CTS), and individual leadership goals.
Other Compensation
$61.91KBoard Justification
Includes car allowance, company-paid insurance premiums, 401(k) matching contributions, and charitable matching contributions.
Restricted Stock
Board Justification
Performance-Based Restricted Stock Units that vested based on achieving the NFEPS performance goal for the fiscal year ended September 30, 2019.
Performance Metrics
The performance metrics include Net Financial Earnings (NFE), Commitment to Stakeholders (CTS), and individual leadership goals.
Laurence M. Downes
Ex-CEO of New Jersey Resources
Education
Bachelor's degree in Business Administration from Montclair State University
Field of Expertise
Business & Management
Sector of Economy
Utilities
Born
July 10, 1953 - 72 years ago
CEO of New Jersey Resources for
18 years 8 months (Jan 2001 - Sep 2019)
Previous Experience
Various positions within the company since 1990
Other New Jersey Resources CEOs
Holdings
Track Laurence M. Downes's stock holdings and portfolio value over time.
Total Stock Sold
$2.59M
$2.59M
58,405 NJR shares
What if they kept their stock?
If Laurence M. Downes didn't sell their stock, today they would have:
Extra NJR58,405 shares worth $2.63M.
This is 1.47% and $38.26K more than what they got when they sold the stock.
Charitable Transactions
68,730 shares
NJR
Recent Charitable Transactions
$125.92K
NJR at $44.97/share
Dec 17, 2019
Charity
$51.74K
NJR at $43.12/share
Oct 16, 2019
Charity
500 shares
NJR
Jun 28, 2019
Charity
2,100 shares
NJR
Jun 24, 2019
Charity
600 shares
NJR
Jun 12, 2019
Charity
625 shares
NJR
Apr 8, 2019
Charity
Insider Trading
Laurence M. Downes's recent stock transactions, purchases, and sales filed with the SEC.
$125.92K
NJR at $44.97/share
Dec 17, 2019
Charity
$1.68M
NJR at $20.31/share
Nov 12, 2019
Received
$51.74K
NJR at $43.12/share
Oct 16, 2019
Charity
$27.73K
NJR at $44.51/share
Oct 1, 2019
Received
$990.06K
NJR at $45.00/share
Aug 13, 2019
Sale
500 shares
NJR
Jun 28, 2019
Charity
2,100 shares
NJR
Jun 24, 2019
Charity
600 shares
NJR
Jun 12, 2019
Charity
625 shares
NJR
Apr 8, 2019
Charity
2,625 shares
NJR
Jan 18, 2019
Charity
Rivals
Compare Laurence M. Downes with competitor CEOs and industry peers.
David H. Anderson
CEO of Northwest Natural
2023 Compensation
Stock
$413.00K
Salary
$497.00K
Bonus
$532.00K
Other
$0.00
Total Holdings
$10.87M
Sean Trauschke
CEO of OGE Energy
2023 Compensation
Stock
$0.00
Salary
$1.16M
Bonus
$1.49M
Other
$154.25K
Total Holdings
$89.92K
Maria M. Pope
CEO of Portland General Electric
2022 Compensation
Stock
$3.88M
Salary
$1.07M
Bonus
$0.00
Other
$305.88K
Total Holdings
$1.37M