Sharon C. Taylor (NJR) gets RSU grant and 2,938 NJR shares

Rhea-AI Filing Summary

New Jersey Resources Corporation director Sharon C. Taylor reported equity compensation activity tied to her board service. On January 21, 2026, she acquired 3,022.723 restricted stock units (RSUs) as her annual non-employee director retainer, with each RSU representing one share of NJR common stock plus dividend equivalents. The award will vest in full on the earlier of the first anniversary of grant or the next NJR annual meeting of shareowners.

On the same date, 2,824.859 RSUs granted on January 21, 2025 fully vested and were converted one-for-one into NJR common shares. A related option exercise transaction delivered 2,938 common shares at $47.97, increasing her directly held NJR common stock to 37,757.147 shares, including dividend equivalents and a small rounding adjustment.

Insider Trade Summary

2,824.859 shares exercised/converted

Mixed 3 txns

Insider TAYLOR SHARON C

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	3,022.723	$0.00	--
Exercise	Restricted Stock Units	2,824.859	$0.00	--
Exercise	Common Stock	2,938	$47.97	$141K

Holdings After Transaction: Restricted Stock Units — 3,022.723 shares (Direct); Common Stock — 37,757.147 shares (Direct)

Footnotes (1)

1. Total includes 112.968 dividend equivalents accrued on Restricted Stock Units ("RSUs") plus a fractional share for rounding to the next whole share. 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. 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. Each RSU represents a contingent right to receive one share of NJR common stock plus dividend equivalents. 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.

Form 4 Insider Transactions: What Each Field Means →

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
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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^*

TAYLOR SHARON 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
Common Stock	01/21/2026		M		2,938(1)	A	$47.97	37,757.147	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
Restricted Stock Units	(2)	01/21/2026		A		3,022.723		(3)	(3)	Common Stock	3,022.723	$0	3,022.723	D
Restricted Stock Units	(4)	01/21/2026		M			2,824.859	(5)	(5)	Common Stock	2,824.859	$0	0	D

Explanation of Responses:

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

2. 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.

3. 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.

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

5. 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.

Remarks:

	/s/ Tejal K. Mehta, as attorney-in-fact for Sharon C. Taylor	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 transactions did NJR director Sharon C. Taylor report on January 21, 2026?

Sharon C. Taylor reported three transactions on January 21, 2026: an acquisition of 3,022.723 RSUs as her annual retainer, the vesting and conversion of 2,824.859 RSUs granted on January 21, 2025 into common stock, and the acquisition of 2,938 NJR common shares at $47.97 per share.

How many New Jersey Resources (NJR) shares does Sharon C. Taylor own after these transactions?

Following the reported transactions, Sharon C. Taylor directly holds 37,757.147 shares of NJR common stock. This total includes 112.968 dividend equivalents accrued on RSUs and a small fractional share used for rounding.

What is the nature of the RSU grant reported by NJR director Sharon C. Taylor?

The 3,022.723 RSUs granted to Sharon C. Taylor represent her annual RSU retainer under the Non-Employee Director Compensation Plan. Each RSU is a contingent right to receive one share of NJR common stock plus dividend equivalents, subject to vesting conditions.

When will Sharon C. Taylor27s new RSU award at NJR vest?

The newly granted RSU award to Sharon C. Taylor will vest in full on the earlier of the first anniversary of the grant date or the date of the next NJR Annual Meeting of Shareowners, as specified in the plan terms.

What happened to the RSUs granted to Sharon C. Taylor on January 21, 2025 at NJR?

The RSUs originally granted to Sharon C. Taylor on January 21, 2025 fully vested at 100% on January 21, 2026. A total of 2,824.859 RSUs were converted one-for-one into NJR common stock under the Non-Employee Director Compensation Plan.

Are Sharon C. Taylor27s NJR transactions direct or through an intermediary entity?

All reported holdings and transactions for Sharon C. Taylor in this filing are listed as direct ownership (D), with no intermediary entity or indirect ownership structure disclosed in the nature of ownership field.