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: Cradic Amy (SVP & COO Non-Utility Business)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-10-15	Common Stock	F	582	$39.48	Disposed	18773	Direct
2022-10-15	Common Stock	F	913	$39.48	Disposed	18002	Direct
2022-10-15	Common Stock	F	1094	$39.48	Disposed	16993	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 139 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 142 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 85 accrued dividend equivalents payable upon vesting of RSUs. Each RSU and dividend equivalent converts into one share of NJR Common Stock upon vesting.