NEW JERSEY RESOURCES CORP — Director's Dealing 2022

Jan 12, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEW JERSEY RESOURCES CORP (NJR)
CIK: 0000356309
Period of Report: 2022-01-10

Reporting Person: KENNY JANE M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-01-10	Common Stock	M	3324	—	Acquired	22918.164	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-01-10	Phantom Stock Units	$	M	3324.37	Disposed		Common Stock (3324.37)	Direct

Footnotes

F1: Total includes an accrual of 475.370 shares of dividends through the New Jersey Resources Corporation (NJR) Directors' Deferred Compensation Plan; value of .370 shares of NJR Common Stock was distributed in cash.

F2: Each Phantom Stock Unit is the economic equivalent of one (1) share of NJR Common Stock.

F3: The Phantom Stock Units represent director fees for 2017 that were deferred pursuant to the NJR Directors' Deferred Compensation Plan and are being paid out in a lump sum as previously elected by the director.

F4: The Phantom Stock Units represent director fees for 2018 and 2019 that are deferred pursuant to the NJR Directors' Deferred Compensation Plan and will be paid out in a lump sum the earlier of 1/1/2023 and 1/1/2024, respectively, or when the director ceases to be a director.

F5: Total includes an accrual of 625.372 shares of dividends through NJR's Directors Deferred Compensation Plan.