As the CEO of New Jersey Resources, Stephen D. Westhoven holds a significant amount of shares in the company, deeply tying his wealth to its performance. Over the years, his holdings have fluctuated, reflecting the company’s market changes. For instance,...
As the CEO of New Jersey Resources, Stephen D. Westhoven holds a significant amount of shares in the company, deeply tying his wealth to its performance. Over the years, his holdings have fluctuated, reflecting the company’s market changes. For instance, in 2023, his vested stock was valued at around $1.41 million, mainly from performance-based units. This means that when NJR does well, so does he. Westhoven joined NJR back in 1990, so he has seen it all, from good years to tough times. His financial stakes demonstrate his commitment to the company’s continued success, as he is not just a CEO collecting a salary, but a key player whose fortunes rise and fall with the company’s performance. His investment outlook shows he is in this for the long haul, believing in the value of NJR.