NEW JERSEY RESOURCES CORP — Director's Dealing 2021

Jan 22, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEW JERSEY RESOURCES CORP (NJR)
CIK: 0000356309
Period of Report: 2021-01-20

Reporting Person: ZOFFINGER GEORGE R (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-20	Restricted Stock Units	$	A	3079.507	Acquired		Common Stock (3079.507)	Direct

Footnotes

F1: Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of New Jersey Resources ("NJR") common stock plus dividend equivalents.

F2: Reporting person has elected to defer issuance of shares of this RSU award upon vesting pursuant to the NJR Directors' Deferred Compensation Plan. Vested shares and dividend equivalents will be paid out in five annual installments beginning the first day of the second month of the calendar quarter in which the reporting person ceases to be a Director.

F3: The RSU award will vest in full on the earlier of (i) the first anniversary of the date of grant, or (ii) the date of the next NJR Annual Meeting of Shareowners.