New Jersey Resources withholds 2,051 shares for taxes

The 2024 and 2025 awards include later tranches scheduled to vest on October 15, 2027, and October 15, 2028.

Rhea-AI Filing Summary

New Jersey Resources Corp. SVP, Chief Information Officer Jacqueline K. Shea had 2,051 common shares withheld on October 15, 2026, to pay taxes due upon vesting of three RSU award tranches: 730 shares from the third and final tranche of an award granted November 15, 2023; 655 from the second tranche of an award granted November 6, 2024; and 666 from the first tranche of an award granted November 4, 2025. The reported price was $51.53 per share.

Insider Trade Summary

Tax Withholding: 2,051 shares

Tax Withholding 3 txns

Insider Shea Jacqueline K

Role SVP, Chief Information Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1, F2	730	$51.53	$38K
Tax Withholding	Common Stock F3, F4	655	$51.53	$34K
Tax Withholding	Common Stock F5, F6	666	$51.53	$34K

Holdings After Transaction: Common Stock — 39,508.764 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 159 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 97 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 37 accrued dividend equivalents payable upon vesting of RSUs and includes 902.533 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.

Key Figures

Shares withheld—2023 RSU award: 730 shares Shares withheld—2024 RSU award: 655 shares Shares withheld—2025 RSU award: 666 shares +1 more

4 metrics

Shares withheld—2023 RSU award 730 shares Third and final tranche; award granted November 15, 2023; transaction dated October 15, 2026.

Shares withheld—2024 RSU award 655 shares Second tranche; award granted November 6, 2024; transaction dated October 15, 2026.

Shares withheld—2025 RSU award 666 shares First tranche; award granted November 4, 2025; transaction dated October 15, 2026.

Reported per-share price $51.53 per share October 15, 2026 transactions.

Key Terms

Restricted Stock Unit (RSU), dividend equivalents, NJR Dividend and Reinvestment Plan

3 terms

Restricted Stock Unit (RSU) financial

"vesting of 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

"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.

NJR Dividend and Reinvestment Plan financial

"accrued through dividends under the NJR Dividend and Reinvestment Plan"

FAQ

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

How many NJR shares did Jacqueline K. Shea have withheld?

The entries report 2,051 common shares withheld on October 15, 2026, across three transactions of 730, 655 and 666 shares, at a reported $51.53 per share, to pay taxes due upon RSU vesting.

When are later NJR RSU tranches scheduled to vest?

The final tranche of the award granted November 6, 2024, is scheduled to vest October 15, 2027. The award granted November 4, 2025, has second and third tranches scheduled for October 15, 2027, and October 15, 2028.

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^*

Shea Jacqueline K

(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)
	SVP, Chief Information Officer

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		730(1)	D	$51.53	39,793.231(2)	D
Common Stock	10/15/2026		F		655(3)	D	$51.53	39,235.231(4)	D
Common Stock	10/15/2026		F		666(5)	D	$51.53	39,508.764(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 159 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 97 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 37 accrued dividend equivalents payable upon vesting of RSUs and includes 902.533 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.

Remarks:

	/s/Melissa Abraham, as attorney-in-fact for Jacqueline K. Shea	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)