NEW JERSEY RESOURCES CORP — Director's Dealing 2021

Nov 13, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEW JERSEY RESOURCES CORP (NJR)
CIK: 0000356309
Period of Report: 2021-11-10

Reporting Person: Mullan Amanda (Senior V.P. & Chief HR Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-10	Common Stock	A	1938	$38.84	Acquired	30924.569	Direct
2021-11-10	Common Stock	F	955	$38.84	Disposed	29969.569	Direct
2021-11-10	Common Stock	A	5316	$38.84	Acquired	35287.569	Direct

Footnotes

F1: Represents number of performance share units, which vested at 93 percent of target (plus 186 dividend equivalents), after a 36-month period beginning on October 1, 2018, upon certification by the Leadership Development and Compensation Committee (LDCC) of New Jersey Resources Corporation's (NJR's) performance versus the applicable performance goal. Performance share units and dividend equivalents convert into one share of NJR Common Stock upon vesting.

F2: Represents shares withheld to pay taxes due upon vesting of performance share units.

F3: Represents grant of restricted stock units (RSUs) under the NJR 2017 Stock Award and Incentive Plan. RSUs vest in three equal annual installments on October 15, 2022, October 15, 2023, and October 15, 2024 and each RSU represents a contingent right to receive one share of NJR Common Stock.

F4: Total reflects adjustment for dividend accrual.