New Jersey Resources' Reich 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

New Jersey Resources Corporation (NJR) officer Richard Reich, SVP and Gen Counsel, reported 900, 714 and 752 common shares withheld on October 15, 2026, at $51.53 per share to pay taxes due upon vesting of three restricted stock unit awards granted November 15, 2023, November 6, 2024 and November 4, 2025. Reich also held 3,539 shares indirectly through NJR Employees' Retirement Savings Plan.

Insider Trade Summary

Tax Withholding: 2,366 shares

Tax Withholding 4 txns

Insider Reich Richard

Role SVP and Gen Counsel

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1, F2	900	$51.53	$46K
Tax Withholding	Common Stock F3, F4	714	$51.53	$37K
Tax Withholding	Common Stock F5, F6	752	$51.53	$39K
holding	Common Stock F7	--	--	--

Holdings After Transaction: Common Stock — 25,324.483 shares (Direct); Common Stock — 3,539.3944 shares (Indirect, By NJR Employees' Retirement Savings Plan)

Footnotes (7)

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 196 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 105 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 43 accrued dividend equivalents payable upon vesting of RSUs and includes 372.498 shares accrued through dividends under the NJR Dividend and Reinvestment Plan. Each RSU and dividend equivalent converts into one share of NJR Common Stock upon vesting. The reported balance was reduced by 0.804 shares, representing a fractional share that was liquidated in connection with the transfer of shares.
7. F7. Represents shares acquired through New Jersey Resources Corporation Employees' Retirement Savings Plan, a plan qualified under Section 401(k) of the Internal Revenue Code of 1986, as amended. Such shares represent acquisitions through the current date.

Key Figures

Shares withheld, 2023 RSU award: 900 shares Shares withheld, 2024 RSU award: 714 shares Shares withheld, 2025 RSU award: 752 shares +2 more

5 metrics

Shares withheld, 2023 RSU award 900 shares Taxes due upon vesting on October 15, 2026

Shares withheld, 2024 RSU award 714 shares Taxes due upon vesting on October 15, 2026

Shares withheld, 2025 RSU award 752 shares Taxes due upon vesting on October 15, 2026

Reported price per share $51.53 per share Reported for each of the three October 15, 2026 transactions

Indirect shares held through retirement savings plan 3,539 shares Held through NJR Employees' Retirement Savings Plan as of October 15, 2026

Key Terms

Restricted Stock Unit (RSU), dividend equivalents, fractional share

3 terms

Restricted Stock Unit (RSU) financial

"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.

dividend equivalents financial

"accrued dividend equivalents payable upon vesting of RSUs"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

fractional share financial

"representing a fractional share that was liquidated"

A fractional share is a portion of a single stock that is worth less than one full share, like owning a slice of a pizza instead of the whole pie. It lets investors buy and hold part of expensive stocks or spread small amounts of money across many companies, which helps with diversification and regular investing; dividends and price changes affect fractional shares proportionally, though some rights and trading rules can vary by provider.

FAQ

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

How many NJR shares did Richard Reich have withheld for taxes?

Richard Reich, identified as SVP and Gen Counsel, reported 900, 714 and 752 shares withheld to pay taxes due upon vesting on October 15, 2026. Each transaction was reported at $51.53 per share.

When do Richard Reich’s remaining NJR RSU tranches vest?

The final tranche of the award granted November 6, 2024, will vest October 15, 2027. The second and third tranches of the award granted November 4, 2025, will vest October 15, 2027 and October 15, 2028, respectively.

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

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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^*

Reich Richard

(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 Gen Counsel

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		900(1)	D	$51.53	26,270.789(2)	D
Common Stock	10/15/2026		F		714(3)	D	$51.53	25,661.789(4)	D
Common Stock	10/15/2026		F		752(5)	D	$51.53	25,324.483(6)	D
Common Stock								3,539.3944	I	By NJR Employees' Retirement Savings Plan(7)

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 196 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 105 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 43 accrued dividend equivalents payable upon vesting of RSUs and includes 372.498 shares accrued through dividends under the NJR Dividend and Reinvestment Plan. Each RSU and dividend equivalent converts into one share of NJR Common Stock upon vesting. The reported balance was reduced by 0.804 shares, representing a fractional share that was liquidated in connection with the transfer of shares.

7. Represents shares acquired through New Jersey Resources Corporation Employees' Retirement Savings Plan, a plan qualified under Section 401(k) of the Internal Revenue Code of 1986, as amended. Such shares represent acquisitions through the current date.

Remarks:

	/s/Melissa Abraham, as attorney-in-fact for Richard Reich	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)