New Jersey Resources (NJR) director logs final deferred fee stock payout

Rhea-AI Filing Summary

New Jersey Resources Corp director Sharon C. Taylor reported the final distribution of deferred director fees in company stock. On 01/05/2026, 1,207.057 phantom stock units, each economically equivalent to one share of NJR common stock, were converted at $45.74 per unit into common shares. In total, 1,548 shares of common stock were acquired, including 341 shares attributable to accrued dividends on the deferred 2019 director fees. Following this transaction, Taylor directly beneficially owned 34,819.147 shares of New Jersey Resources common stock.

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

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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^*

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)
01/05/2026

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	01/05/2026		M		1,548(1)	A	$45.74	34,819.147(2)	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
Phantom Stock Unit	(3)	01/05/2026		M			1,207.057	(4)	(4)	Common Stock	1,207.057	$45.74	0	D

Explanation of Responses:

1. Represents the third and final distribution of phantom stock units, including 341 shares for accrued dividends, for the 2019 director fees that were deferred pursuant to the New Jersey Resources ("NJR") Directors' Deferred Compensation Plan. Each share of phantom stock and dividend equivalent is the economic equivalent of one share of NJR Common Stock.

2. Total adjusted for .191 accrued dividends under the NJR Dividend and Reinvestment Plan.

3. Each phantom stock unit is the economic equivalent of one share of NJR Common Stock.

4. The phantom stock units represent the 2019 director fees that were deferred pursuant to the NJR Directors' Deferred Compensation Plan to be paid in NJR Common Stock in three installments beginning in January 2024.

Remarks:

	/s/ Tejal K. Mehta, as attorney-in-fact for Sharon C. Taylor	01/07/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

Who reported the insider transaction in New Jersey Resources Corp (NJR)?

The reporting person is Sharon C. Taylor, who serves as a director of New Jersey Resources Corp and filed the Form 4 as an individual reporting person.

What type of securities did Sharon C. Taylor report for NJR on 01/05/2026?

The filing reports activity in phantom stock units that are economically equivalent to NJR common stock and the related acquisition of common stock upon distribution of those deferred units.

How many New Jersey Resources (NJR) phantom stock units were distributed in this Form 4?

The transaction shows the distribution of 1,207.057 phantom stock units, each equal in value to one share of NJR common stock, as part of the 2019 deferred director fees.

How many NJR common shares did Sharon C. Taylor acquire in the reported transaction?

Sharon C. Taylor acquired 1,548 shares of NJR common stock at a reference price of $45.74 per share, including 341 shares attributable to accrued dividends on the deferred amounts.

What is Sharon C. Taylor’s NJR share ownership after this Form 4 transaction?

After the reported transaction, Sharon C. Taylor directly and beneficially owned 34,819.147 shares of New Jersey Resources Corp common stock.

What is the origin of the phantom stock units reported for NJR in this filing?

The phantom stock units arose from 2019 director fees that were deferred under the New Jersey Resources Directors' Deferred Compensation Plan and were payable in NJR common stock in three installments beginning in January 2024.

How were dividends treated on the deferred NJR director fees in this Form 4?

The explanation states that the final distribution includes 341 shares for accrued dividends, and the total share amount was adjusted for 0.191 accrued dividends under the NJR Dividend and Reinvestment Plan.