NEW JERSEY RESOURCES CORP — Director's Dealing 2022

Oct 18, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEW JERSEY RESOURCES CORP (NJR)
CIK: 0000356309
Period of Report: 2022-10-15

Reporting Person: Migliaccio Patrick J. (Senior VP and COO, NJNG)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-10-15	Common Stock	F	1127	$39.48	Disposed	35124.636	Direct
2022-10-15	Common Stock	F	1412	$39.48	Disposed	33905.636	Direct
2022-10-15	Common Stock	F	1429	$39.48	Disposed	32727.13	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 12, 2019.

F2: Total adjusted for 236 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 9, 2020. The final tranche will vest on October 15, 2023.

F4: Total adjusted for 193 accrued dividend equivalents payable upon vesting of RSUs. Each RSU and dividend equivalent converts into one share of 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 10, 2021. The second and third tranches will vest on October 15, 2023 and October 15, 2024, respectively.

F6: Total adjusted for 96 accrued dividend equivalents payable upon vesting of RSUs and includes 154.494 shares accrued through dividends under the NJR Employee Retirement Savings 401(k) Plan. Each RSU and dividend equivalent converts into one share of NJR Common Stock upon vesting.