NEW JERSEY RESOURCES CORP — Director's Dealing 2020

Sep 16, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEW JERSEY RESOURCES CORP (NJR)
CIK: 0000356309
Period of Report: 2020-09-15

Reporting Person: Hardwick M Susan (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-09-15	Phantom Stock Unit	$	A	866.919	Acquired		Common Stock (866.919)	Direct

Footnotes

F1: Each Phantom Stock Unit is the economic equivalent of one (1) share of New Jersey Resources Corporation ("NJR") Common Stock.

F2: The PSUs represent director fees that are deferred pursuant to NJR's Directors Deferred Compensation Plan and are to be paid in a lump sum beginning in January 2025 or, if earlier, the first day of the second month of the calendar quarter following the calendar quarter in which Ms. Hardwick ceases to be a Director.