New Jersey Resources officer has shares withheld for taxes

The 2024 RSU award's final tranche and the 2025 award's later tranches are scheduled to vest through October 15, 2028.

Rhea-AI Filing Summary

New Jersey Resources Corp. officer Patrick J. Migliaccio, Senior VP and COO, NJNG, had 1,322, 1,017 and 1,122 common shares withheld on October 15, 2026, to pay taxes due upon vesting; each transaction lists $51.53 per share. The withholdings related, respectively, to the final tranche of an award granted November 15, 2023, the second tranche of an award granted November 6, 2024, and the first tranche of an award granted November 4, 2025.

Insider Trade Summary

Tax Withholding: 3,461 shares

Tax Withholding 3 txns

Insider Migliaccio Patrick J.

Role Senior VP and COO, NJNG

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1, F2	1,322	$51.53	$68K
Tax Withholding	Common Stock F3, F4	1,017	$51.53	$52K
Tax Withholding	Common Stock F5, F6	1,122	$51.53	$58K

Holdings After Transaction: Common Stock — 29,378.632 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 288 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 150 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 64 accrued dividend equivalents payable upon vesting of RSUs, and includes 135.554 shares reflecting the market-based change in the reporting person's balance in the New Jersey Resources Corporation Employees' Retirement Savings Plan, which is a plan qualified under Section 401(k) of the Internal Revenue Code of 1986, as amended. Each RSU and dividend equivalent converts into one share of NJR Common Stock upon vesting.

Key Figures

Common shares withheld for taxes: 1,322 shares Common shares withheld for taxes: 1,017 shares Common shares withheld for taxes: 1,122 shares +1 more

4 metrics

Common shares withheld for taxes 1,322 shares Final tranche of the award granted November 15, 2023; October 15, 2026

Common shares withheld for taxes 1,017 shares Second tranche of the award granted November 6, 2024; October 15, 2026

Common shares withheld for taxes 1,122 shares First tranche of the award granted November 4, 2025; October 15, 2026

Price per share $51.53 per share Each of the three transactions on October 15, 2026

Key Terms

Restricted Stock Unit (RSU), dividend equivalents, vesting

3 terms

Restricted Stock Unit (RSU) financial

"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.

dividend equivalents financial

"288 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.

vesting financial

"taxes due upon vesting of the second tranche"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

FAQ

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

How many NJR shares did Patrick J. Migliaccio have withheld for taxes?

Patrick J. Migliaccio had 1,322, 1,017 and 1,122 common shares withheld on October 15, 2026, to pay taxes due upon vesting. Each transaction lists $51.53 per share. The withholdings related to three different restricted stock unit award tranches.

When are NJR's remaining RSU award tranches scheduled to vest?

The 2024 award's final tranche is scheduled to vest on October 15, 2027. The 2025 award's second and third tranches are scheduled to vest on 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 - 05:10 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^*

Migliaccio Patrick J.

(Last) (First) (Middle)

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)
	Senior VP and COO, NJNG

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		1,322(1)	D	$51.53	31,168.078(2)	D
Common Stock	10/15/2026		F		1,017(3)	D	$51.53	30,301.078(4)	D
Common Stock	10/15/2026		F		1,122(5)	D	$51.53	29,378.632(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 288 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 150 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 64 accrued dividend equivalents payable upon vesting of RSUs, and includes 135.554 shares reflecting the market-based change in the reporting person's balance in the New Jersey Resources Corporation Employees' Retirement Savings Plan, which is a plan qualified under Section 401(k) of the Internal Revenue Code of 1986, as amended. Each RSU and dividend equivalent converts into one share of NJR Common Stock upon vesting.

Remarks:

	/s/Melissa Abraham, as attorney-in-fact for Patrick J. Migliaccio	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)