NEW JERSEY RESOURCES CORP — Director's Dealing 2020

Oct 19, 2020

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: Valori Mark F. (Vice President, Subsidiary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-10-15	Common Stock	F	144	$28.61	Disposed	9390.008	Direct
2020-10-15	Common Stock	F	402	$28.61	Disposed	9083.592	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 31 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 45.584 accrued dividends on executive's brokerage account, and 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.