In 2023, Stephen D. Westhoven earned $2.42M in total compensation at New Jersey Resources, including $938.25K salary and $1.41M in stock. Most recently acquired 57,372 shares in Nov 2024. Currently holds stock worth $11.17M. 6+ years at the helm of New Jersey Resources.
Compensation History
Annual executive compensation data for Stephen D. Westhoven, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$2.42M
Salary
$938.25K
Bonus
$0.00
Other
$75.31K
Salary
$938.25KBoard Justification
The compensation program is designed to attract, motivate, reward, and retain management talent necessary to achieve business objectives, with a strong emphasis on performance-based incentives.
Bonus
$0.00Board Justification
No bonus was awarded for fiscal year 2023.
Other Compensation
$75.31KBoard 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 goal for the fiscal year ended September 30, 2023.
Performance Metrics
Compensation is linked to Net Financial Earnings (NFE), individual leadership performance, and Commitment to Stakeholders operational measures.
Stephen D. Westhoven
CEO of New Jersey Resources
Education
Bachelor's degree in Business Administration
Field of Expertise
Energy & Utilities - Energy
Sector of Economy
Utilities
Born
January 1, 1968 - 57 years ago
CEO of New Jersey Resources for
6 years 2 months (Sep 2019 - Present)
Previous Experience
Executive Vice President and Chief Operating Officer from November 2017 to September 2018, Senior Vice President and Chief Operating Officer at NJR Energy Services and NJR Clean Energy Ventures Corporation from October 2016 to November 2017, Senior Vice President of NJR Energy Services from May 2010 to September 2016, and Vice President of NJR Energy Services from January 2004 to May 2010
Other New Jersey Resources CEOs
Holdings
Track Stephen D. Westhoven's stock holdings and portfolio value over time.
Total Stock Sold
$3.07M
$3.07M
78,250 NJR shares
What if they kept their stock?
If Stephen D. Westhoven didn't sell their stock, today they would have:
Extra NJR78,250 shares worth $3.53M.
This is 15.05% and $461.49K more than what they got when they sold the stock.
Insider Trading
Stephen D. Westhoven's recent stock transactions, purchases, and sales filed with the SEC.
$2.69M
NJR at $46.94/share
Nov 6, 2024
Received
$937.16K
NJR at $47.20/share
Sep 30, 2024
Received
$1.35M
NJR at $45.03/share
Jul 12, 2024
Sale
$856.42K
NJR at $42.82/share
May 23, 2024
Sale
$2.35M
NJR at $42.55/share
Nov 15, 2023
Received
$813.53K
NJR at $40.63/share
Sep 30, 2023
Received
$250.22K
NJR at $50.04/share
May 12, 2023
Sale
$1.46M
NJR at $43.92/share
Nov 9, 2022
Received
$625.12K
NJR at $38.70/share
Sep 30, 2022
Received
$515.29K
NJR at $38.84/share
Nov 10, 2021
Received
Rivals
Compare Stephen D. Westhoven 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