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NEW JERSEY RESOURCES CORP Director's Dealing 2020

Oct 19, 2020

31045_dirs_2020-10-19_5e84850a-7b95-4993-af8e-1104a73a75d0.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEW JERSEY RESOURCES CORP (NJR)
CIK: 0000356309
Period of Report: 2020-10-15

Reporting Person: Cradic Amy (SVP & COO Non-Utility Business)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2020-10-15 Common Stock F 355 $28.61 Disposed 8023 Direct
2020-10-15 Common Stock F 544 $28.61 Disposed 7529 Direct

Footnotes

F1: Represents shares withheld to pay taxes due upon vesting of the second tranche of the Restricted Stock Unit (RSU) award previously granted on November 13, 2018. The final tranche will vest on October 15, 2021.

F2: Total adjusted for 54 accrued dividend equivalents payable upon vesting of RSUs. Each RSU and dividend equivalent converts into one share of New Jersey Resources Corporation (NJR) Common Stock upon vesting.

F3: Represents shares withheld to pay taxes due upon vesting of the first tranche of the RSU award previously granted on November 12, 2019. The second and third tranches will vest on October 15, 2021 and October 15, 2022, respectively.

F4: Total adjusted for 50 accrued dividend equivalents payable upon vesting of RSUs. Each RSU and dividend equivalent converts into one share of NJR Common Stock upon vesting.