NEW JERSEY RESOURCES CORP — Director's Dealing 2025

Oct 17, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEW JERSEY RESOURCES CORP (NJR)
CIK: 0000356309
Period of Report: 2025-10-15

Reporting Person: Reich Richard (SVP and Gen Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-10-15	Common Stock	F	767	$46.22	Disposed	27037.069	Direct
2025-10-15	Common Stock	F	868	$46.22	Disposed	26300.069	Direct
2025-10-15	Common Stock	F	689	$46.22	Disposed	26406.836	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 10, 2022.

F2: Total adjusted for 169 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 15, 2023. The final tranche will vest on October 15, 2026.

F4: Total adjusted for 131 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 6, 2024. The second and third tranches will vest on October 15, 2026 and October 15, 2027, respectively.

F6: Total adjusted for 53 accrued dividend equivalents payable upon vesting of RSUs and includes 742.768 shares accrued through dividends under the NJR Dividend and Reinvestment Plan. Each RSU and dividend equivalent converts into one share of NJR Common Stock upon vesting.