New Jersey Resources (NJR) director logs RSU distribution into common stock

Rhea-AI Filing Summary

New Jersey Resources Corp director Donald L. Correll reported the conversion of restricted stock units into common stock as part of his director compensation. On January 5, 2026, 870.2 restricted stock units, including dividend equivalents, were distributed into 1,007 shares of NJR common stock at a reported price of $45.74 per share under the company’s Directors' Deferred Compensation Plan. Following this transaction, Correll directly held 4,565.876 shares of common stock and 4,030.879 restricted stock units, which represent contingent rights to receive NJR common stock plus dividend equivalents.

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^*

CORRELL DONALD L

(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		1,007(1)	A	$45.74	4,565.876(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
Restricted Stock Units	(3)	01/05/2026		M			870.2	(4)	(4)	Common Stock	870.2	$45.74	4,030.879	D

Explanation of Responses:

1. Represents the distribution of restricted stock units, including 137 shares for accrued dividends, for the 2021 restricted stock unit vesting that was deferred pursuant to the New Jersey Resources Corporation ("NJR") Directors' Deferred Compensation Plan. Each share of restricted stock units and dividend equivalents is the economic equivalent of one share of NJR Common Stock.

2. Total adjusted for .078 accrued dividends under the NJR Dividend and Reinvestment Plan.

3. Each restricted stock unit represents a contingent right to receive one share of NJR's Common Stock plus dividend equivalents.

4. The restricted stock unit award represents director fees that were deferred pursuant to the NJR Directors' Deferred Compensation Plan to be paid in NJR Common Stock in five installments beginning in January 2026.

Remarks:

	/s/ Tejal K. Mehta, as attorney-in-fact for Donald L. Correll	01/07/2026
	** 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).
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FAQ

What insider transaction did NJR director Donald L. Correll report?

Donald L. Correll reported the distribution of 870.2 restricted stock units, which were converted into 1,007 shares of New Jersey Resources Corp common stock on January 5, 2026 under a deferred compensation plan.

How many NJR common shares does Donald L. Correll own after this Form 4 transaction?

After the reported transaction, Donald L. Correll directly owned 4,565.876 shares of New Jersey Resources Corp common stock, according to the filing.

What is the role of restricted stock units in Donald L. Correll’s NJR compensation?

The filing states that each restricted stock unit is the economic equivalent of one share of NJR common stock plus dividend equivalents, and that awards represent director fees deferred under the NJR Directors' Deferred Compensation Plan.

What price per share was reported for the NJR stock related to this Form 4?

The transaction involving NJR common stock and restricted stock units was reported at a price of $45.74 per share in the Form 4.

How will the deferred director fees at NJR be paid to Donald L. Correll?

The filing explains that the restricted stock unit award represents director fees deferred under the NJR Directors' Deferred Compensation Plan and is to be paid in NJR common stock in five installments beginning in January 2026.

Does Donald L. Correll hold NJR restricted stock units after this transaction?

Yes. Following the transaction, Donald L. Correll beneficially owned 4,030.879 restricted stock units, each representing a contingent right to receive one share of NJR common stock plus dividend equivalents.