Form 4 for NJR NEW JERSEY RESOURCES CORP

Accepted 2025-01-23 00:00:00 ET · period of report 2025-01-21 · accession 0000356309-25-000015 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2025-01-23	2025-01-21	NJR	Hardwick M Susan	Dir	M - OptEx	$47.79	+3,242	14.5K	+29%	+$154.9K
D	2025-01-23	2025-01-21	NJR	Hardwick M Susan	Dir	M - OptEx	$0.00	-3,118	0	-100%	$0
D	2025-01-23	2025-01-21	NJR	Hardwick M Susan	Dir	A - Grant	$0.00	+2,825	2,825	New	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2025-01-21	M	A	3,242	$47.79	14,502	D	—	—	(F1) Total includes 123.460 dividend equivalents accrued on Restricted Stock Units ("RSUs") plus 0.286 shares for rounding to the next whole share.
2	Derivative	Restricted Stock Units	2025-01-21	M	D	3,118.25	$0.00	0	D	— · — to —	3,118.25 Common Stock	(F4) Each RSU represents a contingent right to receive one share of NJR common stock plus dividend equivalents. (F5) Represents 100 percent vesting of RSUs granted on January 24, 2024, pursuant to the Non-Employee Director Compensation Plan, as amended. RSUs converted one for one into shares of NJR common stock.
3	Derivative	Restricted Stock Units	2025-01-21	A	A	2,824.86	$0.00	2,824.86	D	— · — to —	2,824.86 Common Stock	(F2) Represents the annual RSU retainer pursuant to the Non-Employee Director Compensation Plan, as amended. Each RSU represents a contingent right to receive one share of New Jersey Resources Corporation ("NJR") common stock plus dividend equivalents. (F3) The RSU award will vest in full on the earlier of (i) the first anniversary of the date of grant, or (ii) the date of the next NJR Annual Meeting of Shareowners.