NEW JERSEY RESOURCES CORP — Director's Dealing 2020

Nov 12, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEW JERSEY RESOURCES CORP (NJR)
CIK: 0000356309
Period of Report: 2020-11-09

Reporting Person: LYNCH CRAIG A (SVP, Subsidiary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-09	Common Stock	A	2999	$33.34	Acquired	26211.386	Direct
2020-11-09	Common Stock	A	1835	$33.34	Acquired	28046.386	Direct
2020-11-09	Common Stock	F	904	$33.34	Disposed	27273.674	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6438.684	Indirect
Common Stock	7029.30	Indirect

Footnotes

F1: Represents grant of deferred retention stock units (DRSUs) under the New Jersey Resources Corporation (NJR) 2017 Stock Award and Incentive Plan. Each DRSU will vest on October 15, 2023 and each DRSU represents a contingent right to receive one share of NJR Common Stock.

F2: Represents number of performance share units, which vested at 114% of target (plus 158 dividend equivalents), after a 36-month period beginning on October 1, 2017, upon certification by the Leadership Development and Compensation Committee (LDCC) of NJR's performance versus the applicable performance goal. Performance share units and dividend equivalents convert into one share of NJR Common Stock upon vesting.

F3: Represents shares withheld to pay taxes due upon vesting of performance share units.

F4: Total includes 131.288 shares for accrued dividends on shares held by broker.

F5: Based on plan shares as of the end of the most recent fiscal quarter.