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NEW JERSEY RESOURCES CORP Director's Dealing 2021

Oct 20, 2021

31045_dirs_2021-10-19_643defb5-10b2-4b7e-ae17-b3dd4ff66ce6.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: 2021-10-15

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2021-10-15 Common Stock F 684 $37.70 Disposed 32080.774 Direct
2021-10-15 Common Stock F 742 $37.70 Disposed 31447.774 Direct
2021-10-15 Common Stock F 757 $37.70 Disposed 30742.774 Direct
2021-10-15 Common Stock F 2269 $37.70 Disposed 28986.569 Direct

Footnotes

F1: Represents shares withheld to pay taxes due upon vesting of the third and final tranche of the Restricted Stock Unit (RSU) award previously granted on November 13, 2018.

F2: Total adjusted for 131 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 second tranche of the RSU award previously granted on November 12, 2019. The final tranche will vest on October 15, 2022.

F4: Total adjusted for 109 accrued dividend equivalents payable upon vesting of RSUs. Each RSU and dividend equivalent converts into one share of New NJR Common Stock upon vesting.

F5: Represents shares withheld to pay taxes due upon vesting of the first tranche of the RSU award previously granted on November 9, 2020. The second and third tranches will vest on October 15, 2022 and October 15, 2023, respectively.

F6: Total adjusted for 52 accrued dividend equivalents payable upon vesting of RSUs. Each RSU and dividend equivalent converts into one share of NJR Common Stock upon vesting.

F7: Represents shares withheld to cover taxes due upon vesting of the Deferred Stock Unit (DSU) award previously granted on November 13, 2018.

F8: Total adjusted for 438 accrued dividend equivalents payable upon vesting of DSUs and includes 74.795 shares acquired under the NJR dividend reinvestment plan. Each DSU and dividend equivalent converts into one share of NJR Common Stock upon vesting.