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NEW JERSEY RESOURCES CORP Director's Dealing 2021

Jan 22, 2021

31045_dirs_2021-01-22_072e0722-7c9e-45e1-bdd6-872185061b29.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: 2021-01-20

Reporting Person: DEGRAFFENREIDT JAMES H JR (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2021-01-20 Common Stock M 2638 Acquired 4016 Direct

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
2021-01-20 Restricted Stock Units $ M 2529.317 Disposed Common Stock (2529.317) Direct

Footnotes

F1: Total shares include 108.658 dividend equivalents accrued on Restricted Stock Units ("RSUs") plus .025 shares for rounding shares to the next whole share.

F2: Each RSU represents a contingent right to receive one share of New Jersey Resources ("NJR") common stock plus dividend equivalents.

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.

F4: Represents 100 percent vesting of RSUs granted on January 22, 2020. RSUs converted 1 for 1 into shares of NJR common stock. There is no purchase or sale price upon vesting of RSUs.