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NEW JERSEY RESOURCES CORP — Director's Dealing 2025
Oct 2, 2025
31045_dirs_2025-10-02_59884bf6-a9f8-40cf-9b71-94575b072035.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: NEW JERSEY RESOURCES CORP (NJR)
CIK: 0000356309
Period of Report: 2025-09-30
Reporting Person: Westhoven Stephen D (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-09-30 | Common Stock | A | 11438 | $48.15 | Acquired | 220442.341 | Direct |
| 2025-09-30 | Common Stock | F | 5634 | $48.15 | Disposed | 214808.341 | Direct |
| 2025-09-30 | Common Stock | A | 13539 | $48.15 | Acquired | 228347.341 | Direct |
| 2025-09-30 | Common Stock | F | 6668 | $48.15 | Disposed | 221809.096 | Direct |
Footnotes
F1: Represents third and final vesting of Performance-Based Restricted Stock Units (PBRSUs) previously granted on November 10, 2022, plus 1,239 accrued dividend equivalents. The applicable performance goal has been satisfied by New Jersey Resources Corporation (NJR) and certified by the Leadership Development and Compensation Committee of the Board of Directors (LDCC). Each PBRSU and dividend equivalent converts into one share of NJR Common Stock upon vesting.
F2: Represents shares withheld to pay taxes due upon vesting of PBRSUs.
F3: Represents vesting of the second tranche of PBRSUs, previously granted on November 15, 2023, plus 1,004 accrued dividend equivalents. The third and final tranche will vest on September 30, 2026. The applicable performance goal has been satisfied by NJR and certified by the LDCC. Each PBRSU and dividend equivalent converts into one share of NJR Common Stock upon vesting.
F4: Total reflects adjustment of 129.755 shares accrued through dividends under the NJR Employee Retirement Savings 401(k) and Employee Stock Ownership Plans.