NEW JERSEY RESOURCES CORP — Director's Dealing 2024

Nov 8, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEW JERSEY RESOURCES CORP (NJR)
CIK: 0000356309
Period of Report: 2024-11-06

Reporting Person: Reich Richard (SVP and Gen Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-11-06	Common Stock	A	4032	$46.94	Acquired	24482.069	Direct
2024-11-06	Common Stock	A	2800	$46.94	Acquired	27282.069	Direct
2024-11-06	Common Stock	F	1379	$46.94	Disposed	25903.069	Direct
2024-11-06	Common Stock	A	3413	$46.94	Acquired	29316.069	Direct
2024-11-06	Common Stock	F	1681	$46.94	Disposed	27635.069	Direct

Footnotes

F1: Represents grant of restricted stock units (RSUs) under the New Jersey Resources Corporation (NJR) 2017 Stock Award and Incentive Plan. RSUs vest in three equal annual installments on October 15, 2025, October 15, 2026 and October 15, 2027. Each RSU represents a contingent right to receive one share of NJR Common Stock.

F2: Represents number of performance share units, which vested at 124 percent of target (plus 285 dividend equivalents), after a 36-month period beginning on October 1, 2021, upon certification by the Leadership Development and Compensation Committee of NJR performance versus the applicable performance goal. Performance share units and dividend equivalents convert into one share of NJR Common Stock upon vesting.

F3: Represents shares withheld to pay taxes due upon vesting of performance share units.

F4: Represents number of performance share units, which vested at 150 percent of target (plus 347 dividend equivalents), after a 36-month period beginning on October 1, 2021, upon certification by the LDCC of NJR's performance versus the applicable performance goal. Performance share units and dividend equivalents convert into one share of NJR Common Stock upon vesting.