Director granted 4,106 RSUs at New Jersey Resources (NJR)

Rhea-AI Filing Summary

New Jersey Resources Corporation director Thomas C. O'Connor received an annual equity grant in the form of restricted stock units. On 01/21/2026 he was awarded 4,106.448 restricted stock units (RSUs) at a price of $0 per unit under the company's Non-Employee Director Compensation Plan.

Each RSU represents a contingent right to receive one share of New Jersey Resources common stock plus dividend equivalents, aligning director compensation with shareholder interests. The RSU award will vest in full on the earlier of the first anniversary of the grant date or the date of the next New Jersey Resources annual meeting of shareowners. Following this grant, O'Connor beneficially owns 4,106.448 derivative securities directly.

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

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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^*

OConnor Thomas C

(Last) (First) (Middle)

C/O NEW JERSEY RESOURCES CORPORATION

1415 WYCKOFF ROAD

(Street)

WALL NJ 07719

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
01/21/2026

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

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

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

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

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
Restricted Stock Units	(1)	01/21/2026		A		4,106.448		(2)	(2)	Common Stock	4,106.448	$0	4,106.448	D

Explanation of Responses:

1. Represents the annual Restricted Stock Unit ("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.

2. 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.

Remarks:

	/s/ Tejal K. Mehta, as attorney-in-fact for Thomas C. O'Connor	01/23/2026
	** 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.

FAQ

What insider transaction did NJR report for Thomas C. OConnor?

The company reported that director Thomas C. O'Connor was granted 4,106.448 restricted stock units on 01/21/2026 as part of his non-employee director compensation.

How many restricted stock units did the NJR director receive and at what price?

Thomas C. O'Connor received 4,106.448 restricted stock units at a stated price of $0 per unit, reflecting an equity-based compensation grant rather than an open-market purchase.

When do Thomas C. O19Connor19s NJR RSUs vest?

The RSU award will vest in full on the earlier of the first anniversary of the 01/21/2026 grant date or the date of the next New Jersey Resources Annual Meeting of Shareowners.

What does each NJR restricted stock unit granted to the director represent?

Each restricted stock unit represents a contingent right to receive one share of New Jersey Resources common stock, plus dividend equivalents credited in line with dividends on common shares.

Is Thomas C. O19Connor19s NJR RSU holding direct or indirect?

After the reported transaction, the 4,106.448 restricted stock units are shown as being beneficially owned directly by Thomas C. O'Connor.

Was this NJR Form 4 transaction a grant or a sale of shares?

The Form 4 reports an award of restricted stock units coded as an acquisition (Code A), not a sale of existing New Jersey Resources shares.