NEW JERSEY RESOURCES CORP — Director's Dealing 2022

Jan 25, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEW JERSEY RESOURCES CORP (NJR)
CIK: 0000356309
Period of Report: 2022-01-20

Reporting Person: Hardwick M Susan (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-01-20	Common Stock	M	3191	$38.69	Acquired	3191	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-01-20	Restricted Stock Units	$	M	3079.507	Disposed		Common Stock (3079.507)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	0	Direct

Footnotes

F1: Total shares include 111.052 dividend equivalents accrued on Restricted Stock Units ("RSUs") plus .441 shares for rounding shares to the next whole share.

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

F3: Represents 100 percent vesting of RSUs granted on January 20, 2021. RSUs converted one for one into shares of NJR common stock. There is no purchase or sale price upon vesting of RSUs.