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: Shea Jacqueline K (VP, Chief Information Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-01-10	Common Stock	M	969	—	Acquired	20467.08	Direct
2022-01-10	Common Stock	F	455	$40.66	Disposed	20012.08	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-01-10	Phantom Stock	$	M	969.77	Disposed		Common Stock (969.77)	Direct

Footnotes

F1: Represents the second distribution of phantom stock units representing performance share units that vested in November 2019 and were deferred pursuant to the New Jersey Resources ("NJR") Officers' Deferred Compensation Plan. The remaining shares will be distributed in equal installments in January 2023, 2024 and 2025. Total has been adjusted to reflect 135.808 accrued dividend equivalents. Each share of phantom stock and dividend equivalent is the economic equivalent of one share of NJR Common Stock. Value of .770 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: Represents the second distribution of phantom stock units representing performance share units that vested in November 2019 and were deferred pursuant to the NJR Officers' Deferred Compensation Plan. The remaining shares will be distributed in equal installments in January 2023, 2024 and 2025. Each share of phantom stock is the economic equivalent of one share of NJR Common Stock.