NEW JERSEY RESOURCES CORP — Director's Dealing 2023

Oct 17, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEW JERSEY RESOURCES CORP (NJR)
CIK: 0000356309
Period of Report: 2023-10-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-10-15	Common Stock	F	1466	$42.05	Disposed	36965.13	Direct
2023-10-15	Common Stock	F	1482	$42.05	Disposed	35689.13	Direct
2023-10-15	Common Stock	F	1106	$42.05	Disposed	34878.11	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 9, 2020.

F2: Total adjusted for 302 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 10, 2021. The final tranche will vest on October 15, 2024.

F4: Total adjusted for 206 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, 2022. The second and third tranches will vest on October 15, 2024 and October 15, 2025, respectively.

F6: Total adjusted for 83 accrued dividend equivalents payable upon vesting of RSUs and includes 211.980 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.