New Jersey Resources CFO has shares withheld for taxes

The 2024 award’s final tranche will vest October 15, 2027; the 2025 award’s second and third tranches will vest October 15, 2027 and October 15, 2028.

Rhea-AI Filing Summary

On October 15, 2026, New Jersey Resources Corp (NJR) SVP and CFO Roberto Bel reported 1,028, 872 and 944 common shares withheld to pay taxes upon vesting of three RSU award tranches. The reported price was $51.53 per share for each transaction. The tranches related to awards granted November 15, 2023, November 6, 2024 and November 4, 2025.

Insider Trade Summary

Tax Withholding: 2,844 shares

Tax Withholding 3 txns

Insider Bel Roberto

Role SVP and CFO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1, F2	1,028	$51.53	$53K
Tax Withholding	Common Stock F3, F4	872	$51.53	$45K
Tax Withholding	Common Stock F5, F6	944	$51.53	$49K

Holdings After Transaction: Common Stock — 17,344 shares (Direct)

Footnotes (6)

1. 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 15, 2023.
2. F2. Total adjusted for 225 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.
3. F3. Represents shares withheld to pay taxes due upon vesting of the second tranche of the RSU award previously granted on November 6, 2024. The final tranche will vest on October 15, 2027.
4. F4. Total adjusted for 129 accrued dividend equivalents payable upon vesting of RSUs. Each RSU and dividend equivalent converts into one share of NJR Common Stock upon vesting.
5. F5. Represents shares withheld to pay taxes due upon vesting of the first tranche of the RSU award previously granted on November 4, 2025. The second and third tranches will vest on October 15, 2027 and October 15, 2028, respectively.
6. F6. Total adjusted for 54 accrued dividend equivalents payable upon vesting of RSUs. Each RSU and dividend equivalent converts into one share of NJR Common Stock upon vesting.

Key Figures

Common shares withheld for taxes: 1,028 shares Common shares withheld for taxes: 872 shares Common shares withheld for taxes: 944 shares +1 more

4 metrics

Common shares withheld for taxes 1,028 shares Third and final tranche of the award granted November 15, 2023; transaction reported October 15, 2026

Common shares withheld for taxes 872 shares Second tranche of the award granted November 6, 2024; transaction reported October 15, 2026

Common shares withheld for taxes 944 shares First tranche of the award granted November 4, 2025; transaction reported October 15, 2026

Reported transaction price $51.53 per share Reported for each transaction on October 15, 2026

Key Terms

Restricted Stock Unit (RSU), accrued dividend equivalents, tranche

3 terms

Restricted Stock Unit (RSU) financial

"vesting of the third and final tranche of the Restricted Stock Unit (RSU) award"

A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.

accrued dividend equivalents financial

"accrued dividend equivalents payable upon vesting of RSUs"

tranche financial

"the second tranche of the RSU award"

A tranche is one slice of a larger financing or investment that is released, sold, or paid out in separate parts rather than all at once. Investors care because each slice can carry different risk, return and timing—like buying pieces of a cake where some slices are richer or come later—so the specific tranche you hold affects when you get paid and how much you might gain or lose.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many NJR shares did CFO Roberto Bel report withheld, and at what price?

Roberto Bel reported three tax-withholding transactions on October 15, 2026: 1,028, 872 and 944 common shares, each at a reported price of $51.53 per share.

Which NJR RSU awards were involved, and when will later tranches vest?

The shares related to the third and final tranche of a November 15, 2023 award, the second tranche of a November 6, 2024 award, and the first tranche of a November 4, 2025 award. The 2024 award’s final tranche will vest October 15, 2027; the 2025 award’s second and third tranches will vest October 15, 2027 and October 15, 2028, respectively.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 10/16/2026 - 05:11 PM EDT Accepted by SEC EDGAR 10/16/2026 - 05:11 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bel Roberto

(Last) (First) (Middle)

C/O NEW JERSEY RESOURCES CORPORATION

1415 WYCKOFF ROAD

(Street)

WALL NEW JERSEY 07719

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
NEW JERSEY RESOURCES CORP [ NJR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP and CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/15/2026		F		1,028(1)	D	$51.53	18,977(2)	D
Common Stock	10/15/2026		F		872(3)	D	$51.53	18,234(4)	D
Common Stock	10/15/2026		F		944(5)	D	$51.53	17,344(6)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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 15, 2023.

2. Total adjusted for 225 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.

3. Represents shares withheld to pay taxes due upon vesting of the second tranche of the RSU award previously granted on November 6, 2024. The final tranche will vest on October 15, 2027.

4. Total adjusted for 129 accrued dividend equivalents payable upon vesting of RSUs. Each RSU and dividend equivalent converts into one share of NJR Common Stock upon vesting.

5. Represents shares withheld to pay taxes due upon vesting of the first tranche of the RSU award previously granted on November 4, 2025. The second and third tranches will vest on October 15, 2027 and October 15, 2028, respectively.

6. Total adjusted for 54 accrued dividend equivalents payable upon vesting of RSUs. Each RSU and dividend equivalent converts into one share of NJR Common Stock upon vesting.

Remarks:

	/s/Melissa Abraham, as attorney-in-fact for Roberto Bel	10/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)