NEW JERSEY RESOURCES CORP — Director's Dealing 2026

Jan 23, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEW JERSEY RESOURCES CORP (NJR)
CIK: 0000356309
Period of Report: 2026-01-21

Reporting Person: O'Sullivan Michael A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-01-21	Common Stock	M	2938	$47.97	Acquired	9257	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-01-21	Restricted Stock Units	$	A	3022.723	Acquired		Common Stock (3022.723)	Direct
2026-01-21	Restricted Stock Units	$	M	2824.859	Disposed		Common Stock (2824.859)	Direct

Footnotes

F1: Total includes 112.968 dividend equivalents accrued on Restricted Stock Units ("RSUs") plus a fractional share for rounding to the next whole share.

F2: 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.

F3: 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.

F4: Each RSU represents a contingent right to receive one share of NJR common stock plus dividend equivalents.

F5: Represents 100 percent vesting of RSUs granted on January 21, 2025, pursuant to the Non-Employee Director Compensation Plan, as amended. RSUs converted one for one into shares of NJR common stock.