NEW JERSEY RESOURCES CORP — Director's Dealing 2024

Jan 26, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEW JERSEY RESOURCES CORP (NJR)
CIK: 0000356309
Period of Report: 2024-01-24

Reporting Person: TAYLOR SHARON C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-01-24	Common Stock	M	2613	$41.69	Acquired	26869.774	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-01-24	Restricted Stock Units	$	A	3118.254	Acquired		Common Stock (3118.254)	Direct
2024-01-24	Restricted Stock Units	$	M	2521.178	Disposed		Common Stock (2521.178)	Direct

Footnotes

F1: Total shares include 90.926 dividend equivalents accrued on Restricted Stock Units ("RSUs") plus .896 shares for rounding to the next whole share.

F2: Total shares include .306 accrued through the NJR Dividend Reimbursement Plan.

F3: Represents the annual RSU retainer pursuant to the Non-Employee Director Compensation Plan, as amended. Each RSU represents a contingent right to receive one share of New Jersey Resources Corporation ("NJR") common stock plus dividend equivalents.

F4: The RSU award will vest in full on the earlier of (i) the first anniversary of the date of grant, or (ii) the date of the next NJR Annual Meeting of Shareowners.

F5: Each RSU represents a contingent right to receive one share of NJR common stock plus dividend equivalents.

F6: Represents 100 percent vesting of RSUs granted on January 25, 2023, pursuant to the Non-Employee Director Compensation Plan, as amended. RSUs converted one for one into shares of NJR common stock.